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High-Tech Start-Ups Put Down Roots in New Soil
Cities Like Kalamazoo Dangle Incentives as Silicon Valley and Other Old Hot Spots See Pullback in Venture Loans
High-tech start-ups are increasingly setting up shop in places previously not known for attracting high-tech firms.
A number of cities, such as Kalamazoo, Mich., and Toledo, Ohio, are offering grant money and tax breaks to high-tech start-ups, just as the usual venture-capital hot spots, such as Silicon Valley and Boston, continue to see a pullback in venture lending. Many of the nontraditional cities require that start-ups receiving grants invest in their area, leaving companies little choice but to locate — or relocate — their businesses.
By SIMONA COVEL
Full Story: http://online.wsj.com/article_email/SB124329530359452757-lMyQjAxMDI5NDIzNTIyOTU1Wj.html
(Many thanks to Paul Gladen, President, Muzeview http://www.muzeview.com for passing this along. Russ)
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