Joke all you want about our sports teams (not after 2016!) and arguably unpleasant weather—Cleveland could truly be the next great startup hub for the Midwest, if not the entire country.
Our very own Northeast Ohio truly has the potential to be the next major American startup hub.
However, the constant, rapid changes in tech trends and tightly interconnected nature of our current culture means that no one location could possibly be as impactful or as attractive as the Silicon Valley of the past. Entrepreneurs today are younger, and focused on getting results as quickly as possible, but in order to succeed, they still need a solid foundation and a local network of support—and that’s where Cleveland comes into play.
Joke all you want about our sports teams (not after 2016 – what a year) and arguably unpleasant weather—Cleveland could truly be the next great startup hub for the Midwest, if not the entire country. Here’s why:
1. Ample Available Office Space.
There’s plenty of office space available downtown. While some might view that as a sign of a dwindling economy, it actually represents a tremendous opportunity for young startups to set foot in the region.
2. Affordable Housing.
Compared to San Francisco, New York, and other major American startup hubs, the housing in Cleveland is dirt cheap. Travel is relatively easy from suburbs into the city, and even residences downtown aren’t very expensive.
3. Capital Availability.
There are angels, VCs and hyperlocal funds available in the region. An aspiring entrepreneur with a solid presentation definitely has places to go for the seed capital he/she needs to launch Cleveland.
4. Proximity to a Major Airport.
It’s simple, but it’s important. Cleveland-Hopkins Airport is a major international airport, making long-distance travel much simpler for potential entrepreneurs trying to spread their new ideas.
5. Access to a Federal Reserve Bank.
It’s another small feature that rounds out Cleveland’s aptitude in becoming a major startup hub.
6. Multiple Startup Programs in the Area.
Already, Cleveland is home to several startup accelerators and programs for entrepreneurs. Think of organizations like Bizdom, LaunchHouse, FlashStarts, and JumpStart… these are only a sampling of opportunities available to new entrepreneurs.
SEE ALSO: Cleveland: A Start-Up Story
If you’re an entrepreneur or if you’re just interested in what the future holds for the Cleveland economy, keep watch for more programs, incentives, and accelerators to come our way. In time, the Cleveland area could very well become the next biggest startup hub in the country.
Jose Vasquez is a serial entrepreneur and tech enthusiast dedicated to helping startup technology companies get the direction and momentum they need to succeed. Jose is the founder and CEO of Quez Media Marketing, a marketing firm that combines technology and creativity to help new and growing companies get the results they need. Find him on Facebook, Twitterand LinkedIn.
Photos via JumpStart