Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
We must run in different circles. It’s been the most talked about “up and coming” city over the last decade in my little bubble.
Now, it is a little surprising to see Nashville so high when it comes to VC investment. I wonder if some % of funding that would typically be allocated towards software, is being reallocated to things like advanced manufacturing and supply chain IP. That would help Nashville. I’d also assume a good portion of this VC funding is in the Healthcare space. Nashville is kind of an unsung hero in private Healthcare and Services.
More than anything, though, it probably feels like a safe investment for VC. Nashville is one of the easiest cities to attract and retain talent, with cheaper labor than some major markets.
Agree. As someone who is in a major city in an Independent region (Midwest), Nashville from my perspective is one of (if not the most) "up and coming, popular cities" among popular media and younger professional demographics (in terms of concert tours, social media, domestic tourism, and business climate). It is essentially what Austin was about a decade ago.
We must run in different circles. It’s been the most talked about “up and coming” city over the last decade in my little bubble.
Now, it is a little surprising to see Nashville so high when it comes to VC investment. I wonder if some % of funding that would typically be allocated towards software, is being reallocated to things like advanced manufacturing and supply chain IP. That would help Nashville. I’d also assume a good portion of this VC funding is in the Healthcare space. Nashville is kind of an unsung hero in private Healthcare and Services.
More than anything, though, it probably feels like a safe investment for VC. Nashville is one of the easiest cities to attract and retain talent, with cheaper labor than some major markets.
If you used the metric of GDP, the 2021 statistics show these cities to be 5 spots above Nashville's #29 US ranking, and 5 spots below--
#24 St Louis, MO metro : $187,569,544
#25 Portland, OR metro : $186,570,323
#26 Cincinnati, OH metro : $171,737,526
#27 Pittsburgh, PA metro : $168,021,049
#28 Orlando, FL metro : $167,279,974
#29 Nashville, TN metro : $163,031,737
#30 Indianapolis, IN metro : $162,062,985
#31 Sacramento, CA metro : $160,542,566
#32 Columbus, OH metro : $154,509,800
#33 Kansas City, MO metro : $154,328,892
#34 Cleveland, OH metro : $147,637,827
The source is this awesome list of 384 metros, from Visual Capitalist, here (using 2021 data):
Nashville entered the top five on the strength of a solar energy deal and a specialty health care deal.
As always, the article explains everything we need to know about Nashville's rank.
Nashville is trendy. Im too old to do trendy. Many times i don't understand what is trendy. When I was in my 20s, Atlanta was the place but life never took me there. It was deemed the city too busy to hate and I connected with that on many levels.
Last edited by mjtinmemphis; 06-10-2023 at 07:25 PM..
One deal basically pushed it to 1/26th of the Bay Area. And this doesn't account for valuations, just $ raised. VC remains relevant to the Bay Area economy, the rest of the country is still way behind in innovation.
S.F is still not "dying" like the media has been saying lately
The larger issue is how much capital flows back down the peninsula, but no one who actually works in this business thinks the Bay Area is going to lose its share of VC, which has been steady for 30 years through all kinds of ups and downs. Bigger issue is the death of Boston's tech industry, most of what they raise now is biotech, and New York's inability to create a <50 year old company with a greater than $30B market cap. CNBC needs to rebrand as the Bay Area Business Channel, their producers have figured out that no one wants to hear about the East Coast dinosaurs that are now worth a fraction of Google, Meta, NVIDIA, Apple etc.
The larger issue is how much capital flows back down the peninsula, but no one who actually works in this business thinks the Bay Area is going to lose its share of VC, which has been steady for 30 years through all kinds of ups and downs. Bigger issue is the death of Boston's tech industry, most of what they raise now is biotech, and New York's inability to create a <50 year old company with a greater than $30B market cap. CNBC needs to rebrand as the Bay Area Business Channel, their producers have figured out that no one wants to hear about the East Coast dinosaurs that are now worth a fraction of Google, Meta, NVIDIA, Apple etc.
What East Coast Dinosaurs are you referring to?
In the case of Boston, it has been a major hardware/software innovation hub. There are probably a dozen software companies based in Boston, right this second, waiting to IPO.
Can you explain why you think Bostons tech industry is dying?
Phoenix, I'm surprised but that's also my own ignorance of not knowing what's going on in the city. So if anyone in the Phoenix area/familiar with the city know what's going on, definitely let me know. I'm highly interested.
How it started
- In1949 when Motorola opened a research lab in Phoenix that later manufactured transistors.
- In 1980, Intel opened its first semiconductor factory in the Phoenix area, quickly becoming one of the state's largest employers.
And how it's going
- 2022, TSMC increases Phoenix facility investment to $40 billion with second semiconductor chip plant. One of the largest foreign investments in U.S. history.
- 2022, Intel and Brookfield invest $30B for expansion of Semiconductor Manufacturing Plants in Phoenix metro.
- 2023, LG Chem doubles down commitment to Phoenix area battery plant, set to invest $5.5 billion
- 2023 $1 billion battery complex in Phoenix metro secures most of funding needed for construction
- Since 2020, the region has led the nation in semiconductor investment, a byproduct of decades of local leaders working to expand the industry, experts tell us.
- Since February 2021, 24 semiconductor-related companies have announced plans to expand or relocate.
If you used the metric of GDP, the 2021 statistics show these cities to be 5 spots above Nashville's #29 US ranking, and 5 spots below--
#24 St Louis, MO metro : $187,569,544
#25 Portland, OR metro : $186,570,323
#26 Cincinnati, OH metro : $171,737,526
#27 Pittsburgh, PA metro : $168,021,049
#28 Orlando, FL metro : $167,279,974
#29 Nashville, TN metro : $163,031,737
#30 Indianapolis, IN metro : $162,062,985
#31 Sacramento, CA metro : $160,542,566
#32 Columbus, OH metro : $154,509,800
#33 Kansas City, MO metro : $154,328,892
#34 Cleveland, OH metro : $147,637,827
The source is this awesome list of 384 metros, from Visual Capitalist, here (using 2021 data):
Nashville shoots way above these cities this list is disrespectful to it and underrates what is currently going on in Nashville. All of these cities pale in comparison to what Nashville has to offer and its future trajectory. Nashville is most certainly a peer of Charlotte and Austin. I can even forsee Nashville starting to challenge cities like Tampa, Minneapolis, Boston, Atlanta, Philly, Phoenix in the coming decades if it already hasn't. They are certainly seeing the type of job and corporate relocations that most of these cities aren't seeing. The amount of venture capital investment in Nashville currently going on further shows this.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
