Riverside Ranks #2 New Hot Spot for Tech Growth

Tuesday, January 15th, 2013

Washington D.C. tops the list; Chicago, New York and Los Angeles all miss the mark

(includes excerpts from the original article published by Forbes on January 10, 2013)

With an 18.6% increase in STEM (science, technology, engineering and math) jobs since 2001, the Riverside area has positioned itself as the #2 ‘Hot Spot’ for technology growth in the nation by Forbes.

From Forbes.com:

Mark Schill of Praxis Strategy Group crunched the numbers to determine the changes in STEM employment from 2001 to 2012 in the 51 largest metropolitan statistical areas.

From 2001 to 2012, STEM employment actually was essentially flat in the San Francisco and Boston regions and  declined 12.6% in San Jose. The country’s three largest mega regions — Chicago, New York and Los Angeles — all lost tech jobs over the past decade. In contrast, double-digit rate expansions of tech employment have occurred in lower-density metro areas such as Austin, Texas; Raleigh, N.C.; Columbus, Ohio; Houston and Salt Lake City. Indeed, among the larger established tech regions, the only real winners have been Seattle, with its diversified and heavily suburbanized economy, and greater Washington, D.C., the parasitical beneficiary of an ever-expanding federal power, where the number of STEM jobs grew 21% from 2001 to 2012, better than any other of the 51 largest U.S. metropolitan statistical areas over that period.

Even in the midst of the recession, Riverside continued to add jobs in the STEM fields. The community’s proactive approach to building an economy around these industries continues to bolster the Riverside’s economic competitiveness and quality of life.

Read more:

Full article as published on Forbes.com: The New Places Where America’s Tech Future Is Taking Shape

Riverside “Intelligent Community of the Year“ video 

Additional media coverage on the ranking by Governing

Technology resources