The Wall Street Journal published a recent article on entrepreneurial hubs across the United States entitled Where the Action Is. Just as one born into a certain family has more opportunities than someone less fortunate, in the world of business, there are certain benefits to starting a business in a certain area of the country. Though we can’t change who we were born to, we can change where we start and grow a business. And this article is keen on identifying the various hubs around the country. San Antonio made that list as a hub for cyber security.
The benefit of a hub as the author indicated: Entrepreneurs are moving there and flourishing in the teeth of a bleak economy. The cities, in turn, are nurturing the entrepreneurs by giving them access to funding, mentors and facilities.
One particular entrepreneur identified in this article, who moved his company from Phoenix to San Antonio said:
“I’d attribute a lot of our success to the location,” he says. “I think the availability of cybersecurity talent and the low-cost of doing business here has helped us. And because there are so many different cybersecurity companies, we have improved each other’s business through partnerships.”
The more small businesses develop and flourish, the more they attract more entrepreneurs and more available financial support. What we are still missing is what is available in places like Boston or the Silicon Valley: people tripping over each other to mentor, advise, and otherwise support new start-ups.