Tuesday, March 20, 2007

Fed Says…Boulder #1 in Deal Activity!

This is a great quarterly publication (.pdf here) from the Federal Reserve Bank of Boston examining the next tier cities/regions (sans the Valley, Boston, NYC, SoCal & Texas) and the venture capital activity therein. The piece identifies factors that may explain how smaller cities attract venture capital.

If you do not have the bandwidth to read the article I’ll get straight to the good stuff here but would encourage you to read and observe how the next tier city rankings are derived…

The Ten Highest-Performing Cities:

1. Boulder, CO
2. Salt Lake City, UT
3. Westborough, MA
4. Ann Arbor, MI
5. Norwalk, CT
6. Providence, RI
7. Southborough, MA
8. Stamford, CT
9. Melbourne, FL
10. New Haven, CT

Source: Initiative for a Competitive Inner City. Ranked by number of private equity deals per city

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