Good news for those of us with businesses in the Research Triangle Park region. According to a new study, RTP ranked #1 in the US as the most hospitable place to run a tech business. This time, it beat out regional leaders like Boston, Austin, and Fairfax County. Where did Silicon Valley rate? Number 8 – dead last in the report.Prepared by the Silicon Valley Leadership Group, the report is meant to “wake up” the Silicon Valley community to the competition they face. The report rates competitiveness in seven areas that affect business climate: the job market, housing, traffic, education, the cost of energy, health care and the business tax burden.
RTP led in two categories housing affordability and traffic congestion costs.