Matson Madrid Consulting’s Post

This latest study shows how our state's technology cluster fosters growth across all our industries #SCTech

🚀 North Carolina is Making Waves in Tech Investments! 🚀 Hey LinkedIn Community, Have you heard about the latest tech buzz in North Carolina? 📈 An insightful sector report just highlighted some exciting investments pouring into NC's tech landscape, and it's a game-changer for innovation and growth. Here are a few key takeaways from the report: 🔹 **Major Investment Inflows:** North Carolina is attracting significant venture capital, fueling startups and established tech companies alike. It’s clear that investors see the potential here, and they're betting big on the state's tech scene. 🔹 **Talent Pool Expansion:** With local universities producing top-tier tech talent and professionals relocating to the state, the workforce is getting stronger and more diverse. This is creating a robust ecosystem poised for sustained growth. 🔹 **Infrastructure Developments:** Investments are not just in companies but in critical infrastructure too. Enhanced broadband access and tech-focused facilities are laying the groundwork for future successes. 🔹 **Community and Collaboration:** There’s a growing culture of collaboration among tech firms, universities, and government bodies. This synergy is driving innovation and creating a fertile ground for groundbreaking advancements. As someone who has witnessed the rise of tech hubs firsthand, this report struck a chord with me. I remember when Silicon Valley was the end-all be-all for tech innovation. Now, seeing other regions like NC stepping up is nothing short of inspiring. 🌟 Let's take a moment to celebrate this growth and discuss how we can all contribute to fostering tech ecosystems in our own areas. Whether it's by mentoring new talent, investing in local startups, or simply sharing our insights, every bit helps. 👉 I’d love to hear your thoughts! What do you think about North Carolina’s tech surge? Can other regions replicate this success, and if so, how? Let's start a conversation in the comments! 💬 #TechInvestments #NorthCarolinaTech #Innovation --- Feel free to like, comment, or share this post to spread the word about North Carolina's tech triumphs! For more in-depth insights, check out the full article [here](https://lnkd.in/gadbgkM5).

Change is a constant in Baltimore's business and tech ecosystem, and this shows in the data-backed report from UpSurge Baltimore, which sheds light on where we stand today. According to the report, there are a remarkable 496 startups in the MSA, 312 of which call Baltimore City home. Even more impressive, 220 of these startups collaborate with UpSurge. From 2017 to 2023, 870 investors were recorded in the Baltimore MSA, averaging 190 investors annually. According to employment data, black women take charge, with 32.49% of the tech workforce in #Baltimore City and 15.8% in the broader Baltimore MSA. 👏 I highly recommend checking their full report here for more information: https://lnkd.in/esc46HAT #techhub #equitech

This week the White House announced: 12 Regional Technology and Innovation Hubs (Tech Hubs) to accelerate the growth of innovative industries. ($504 million in funding) 1. $41 million in Tech Hubs awards serving Colorado and New Mexico 2. $41 million in Tech Hubs awards serving Montana 3. $51 million in Tech Hubs awards serving Indiana 4. $51 million in Tech Hubs awards serving Illinois. 5. $21 million in Tech Hubs awards serving Nevada. 6. $40 million in Tech Hubs awards serving New York. 7. $44 million in Tech Hubs awards serving New Hampshire. 8. $45 million in Tech Hubs awards serving South Carolina and Georgia. 9. $19 million in Tech Hubs awards serving Florida. 10. $51 million in Tech Hubs awards serving Ohio. 11. $51 million in Tech Hubs awards serving Oklahoma. 12. $49 million in Tech Hubs awards serving Wisconsin. Authorized by President Biden’s CHIPS and Science Act, the Tech Hubs program brings together companies, state, local, and Tribal governments, institutions of higher education, labor unions, and nonprofit organizations around a common vision for regional economic growth. https://lnkd.in/eNKtCDpQ

Congratulations to CenterState CEO Invest Buffalo Niagara Greater Rochester Enterprise! EDA Announces $504 Million in Funding to 12 Designated Tech Hubs Across America Today, the U.S. Economic Development Administration (EDA) announced approximately $504 million in implementation grants to 12 Tech Hubs Designees to scale up the production and delivery of critical technologies, strengthen U.S. economic competitiveness and national security, and accelerate the growth of industries of the future in regions across the United States. [Read today’s press release] The 12 Tech Hubs slated to receive Phase 2 implementation funding were chosen from the initial 31 Designated Tech Hubs that President Biden announced in October 2023. The New York Semiconductor Manufacturing and Research Technology Innovation Corridor (NY SMART I-Corridor Tech Hub), led by CenterState CEO in partnership with Invest Buffalo Niagara and Greater Rochester Enterprise, aims to enhance regional semiconductor manufacturing capabilities while ensuring economic opportunity for underserved communities. This Tech Hub will coordinate across the region’s significant semiconductor fabrication investments, adjacent supply chain assets, scientific capabilities coalitions, and partner coalitions to establish an entrepreneurial and innovation ecosystem that provides career pathways and employment opportunities to the region’s historically underserved communities. https://lnkd.in/g4-6vjiK

What's driving global tech giants and startups to the #Toronto-#Waterloo Corridor? As the epicentre of #Canada’s tech scene and third-largest tech cluster in North America, it offers the opportunities, partnerships and government support crucial for success. Explore the key factors in our latest blog post: https://hubs.ly/Q02FQBdJ0 #TorontoWaterlooCorridor #TechTalent #BusinessExpansion

New Insights from Our Tech Startup Research: Our analysis shows notable shifts in the regional distribution of tech startups over time. Despite a shrinking share of the U.S. population and overall employment, the Northeast has increased its share of tech startups. Meanwhile, although the South’s population and employment are rapidly expanding, its share of tech startups is on the decline. These trends point to a growing economic divide, where high-cost regions are attracting more high-paying, highly skilled jobs, while other areas are becoming concentrated in lower-paying, lower-skill roles. This deepening regional imbalance highlights a widening gap in economic opportunities across the country. #labormarkets #TechStartups #Innovation #RegionalEconomics #EconomicDevelopment #BusinessStrategy #recruitment

A new analysis finds that Cornell Tech, its alumni and its 115 startups achieved $768 million in total economic impact and supported 2,800 jobs in New York City in the 2023-24 fiscal year and those numbers are projected to double in five years.

Results from our Scottish Technology Industry Survey 2024 were launched today! The vast majority (78%) of respondents expressed optimism for 2024 - a figure that is up from 72% in 2023. CEO Karen Meechan said: “Time and again, the tech sector in Scotland has provided a source of great economic optimism. The responses to this year’s survey are further proof of this. During one of the toughest economic periods in a generation, these figures show how robust our industry really is." Read more in The Herald Scotland coverage below! https://lnkd.in/eqqm_5EE #ScottishTechSurvey #sales #cashflow #startup #recruitment

Why Tech Hubs Need Skilled Talent -- in Addition to Funding. I've supported this kind of economic development project before, in Phoenix Arizona. Creating the skilled talent supply, to meet the new demand, is always the big challenge. So, who is qualified to train and mentor local job seekers in each of these locations? It's a key gating factor that determines success. "Today, the Biden-Harris Administration will announce funding for 12 Regional Technology and Innovation Hubs (Tech Hubs) to accelerate the growth of innovative industries." The Tech Hubs program is bringing innovation to every region of the country, creating new jobs, and ultimately supporting economic development in previously underinvested areas, as part of President Biden’s 'Investing in America' agenda. The $504 million in funding awarded to these twelve Tech Hubs will position American workers, businesses, and communities to lead the industries of the future, such as semiconductors, clean energy, biotechnology, artificial intelligence, quantum computing, and more, strengthening national and economic security. Tech Hubs will create good-paying jobs in these critical industries in communities across the country and will build on the manufacturing and entrepreneurship boom unleashed by President Biden, which has attracted more than $877 billion in investment in clean energy and manufacturing and spurred more than 18 million new business applications. #EconomicDevelopment #innovation #jobs #skills #training #mentoring