For tech startup companies, investment dollars go much further in Milwaukee than they do in Silicon Valley.
That bodes well for the Milwaukee region in attracting emerging tech companies looking for a place to settle outside of California.
A lower cost for renting office space, lower salaries for software engineers and lower administrative costs make Milwaukee a top 25 city for startup purchasing power, according to VCArbitrage, an online calculator created by entrepreneur Bob Moore, the co-founder and CEO of Philadelphia-based Crossbeam. Crossbeam’s analytical software allow entrepreneurs to see what they can gain by raising money in one city and spending it in another.
If Milwaukee entrepreneurs were to raise $1 million from Silicon Valley investors, they would have $1.67 million of purchasing power in Milwaukee. Milwaukee ranks No. 12 on Moore’s list, right behind Lincoln, Neb. El Paso, Texas, ranks No. 1 on the list. Read the full story here.
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