Using Data to Decide Where to Move
Part of a fast-growing company? It may be time to open a second office in a thriving tech hub. One America Works created a City Selector Tool to help businesses find the ideal location for expansion. The algorithm factors in four main categories: Talent, Connection, Quality of Life, and Affordability. You can customize filters in these categories based on your top priorities.
High-growth companies often need access to large, specialized talent pools. Apply filters like “STEM Index” or “Population with Bachelor’s Degrees” to see cities like Austin, Denver, and Atlanta at the top. You might notice that Phoenix is a very fast growing city with over 600,000 people between ages 25 to 34 with a bachelor’s degree.
Many tech companies will seek out cities with prime internet speeds. With unprecedented levels of business being done virtually, fast internet is more important than ever for seamless communication and virtual meetings. Add the filter “Mobile Internet Speed Index” to our city search and you’ll see Austin, Atlanta, Pittsburgh, Salt Lake City, and Dallas.
Now that you’ve narrowed down cities with your talent and connection needs, you could evaluate the potential business expenses incurred when setting up shop in a new city. When filtering by operating costs and office rent, top cities include Cleveland, Rochester, and Jacksonville. If these are added alongside STEM talent and Mobile Internet Speed, you’ll see Atlanta, Pittsburgh, and Kansas City come out strong.
If you are thinking about opening a second office for your high growth company, our City Selector Tool can provide the guidance you need. If you want to evaluate a single city, compare multiple cities, or just learn more about our tool, feel free to reach out to our team.
Inside this issue
- Nashville Virtual Recruiting Event on Tuesday, April 27
- Patrick McKenna: Connecting People Through Opportunity
- Perspectives on Hiring From Distributed Companies
- Move Over, San Francisco: Cities Home To The Top Tech Leases In 2020
- Companies & Talent Discovering New Tech Hubs
Looking for your next career opportunity? On Tuesday, April 27, we’re hosting our next Virtual Recruiting Event, featuring some of the fastest-growing companies in Nashville, Tennessee. Amazon, Asurion, InfoWorks, Alliance Bernstein, Vaco, and others are looking to add both technical and business talent to their teams.
Attendees will get the chance to interview one-on-one with companies for both internships and full-time roles. Visit our website to see the updated list of participating companies (we’ll be adding more daily!) and reserve your spot.
“An entrepreneur, I’ve founded four tech startups, successfully exiting three for over $1B total. I’ve continued to serve as Executive Chairman at Facet Wealth, a fintech company based in Baltimore which has raised $37M. As an investor, I’ve invested in more than 40 tech startups primarily based outside of Silicon Valley through HighRidge Ventures. As a philanthropist, I founded One America Works.”
“People work best on a mission greater than themselves.” This is the key take away from my military experience that I apply to business. It’s certainly true for me. Anyone else?
We recently hosted a conversation about hiring with a distributed perspective for community and business leaders that are responding to the continued changes in the economy and workplace. There were a lot of insightful comments from the discussion, including how accessing diverse talent is simpler in a distributed system, why workers like work-from-home, and the challenges that accompany distributed operations.
Employees are adapting to working from home and appreciating the flexibility it offers. Many surveys of remote workers have shown increasing desire for a more permanent work from home structure at their company. According to a new survey, nearly two-thirds of individuals would prefer a hybrid model where time could be split between office and home.
For a ninth consecutive year, the tech industry was the most active industry in overall office leasing in the United States in 2020, according to a new report from CBRE. This means that, despite the fact that the COVID-19 pandemic had nearly every company shift to remote work, tech companies continued to ink leases for office space.
In what may be a surprise to some, Seattle claimed the top spot with 14 of the largest 100 leases, for a total of 3.4 million square feet, up from No. 3 in 2019. Manhattan held on to the No. 2 spot with 8 leases totaling 1.8 million square feet in 2020. Meanwhile, Washington, D.C. climbed to No. 3 from No. 6 a year earlier thanks to 12 mega-leases spanning 1.8 million square feet. Atlanta, Austin and San Diego were top 10 markets for the first time in 2020.
Companies & Talent Discovering New Tech Hubs
Goosehead Insurance coming to Columbus with plans to create 100 jobs
The Columbus region stands to gain 217 new jobs from three projects that received approval for state tax incentives Monday, including plans by a Texas-based insurance agency to establish a foothold in Columbus that will create 100 jobs.
Google Announces Plans For New 19-Floor Midtown Office Space
Google is opening a new office in Midtown as a part of plans to invest more than $25 million in Georgia. “As the No. 1 State for Business, we are at the center of innovation, development, and entrepreneurship, thanks in part to the work being done and supported by Google,” Gov. Brian Kemp.
Amazon bringing ‘hundreds of jobs’ to Triangle, to open 2 more ‘delivery stations’
“We are excited to continue to invest in the state of North Carolina with two new delivery stations that will provide efficient delivery for customers, and create hundreds of job opportunities for the talented Triangle workforce.”
Pittsburgh tech companies took a hit but still raised $993 million last year, says report
A new report finds that 171 companies in Pittsburgh raised $993 million last year, which was the second-best investment year in the past 10 years. Over that decade, nearly 600 Pittsburgh companies have attracted more than $7.2 billion in investment.