Take Silicon Valley, for example. The area is doing an excellent job of fostering its startup community — one built by entrepreneurs for entrepreneurs. From informal tech meetings through Meetup to formal startup accelerator programs such as Y Combinator, it’s constantly working to sustain its startup community and put the area on the entrepreneurial map.
Does this mean that you should relocate your new business to an existing startup hub?
Not necessarily. After all, there’s a reciprocal relationship between businesses and cities. As your business and others invest in your community, you develop its economic value. It begins to grow and thrive, building itself into a prime startup location. In turn, your business benefits from the community’s economic success. Trust me, I know.
My company is a member of Downtown San Diego Partnership, a nonprofit organization committed to revitalizing downtown San Diego. Our work with this committee doesn’t focus on our company, instead, it centers on important social issues, including combating homelessness, diversifying transportation options, activating open spaces and branding causes. Kris Michell, president and CEO of the organization, has seen firsthand just how much the community has benefited.