SCOTTSDALE, Ariz. — A new technology company called Stremor said it’s fully funded and ready to do business.
The company said it’s focused on making new methodologies for online content. It’s one of the growing number of businesses that decided to start in the Valley instead of California’s Silicon Valley.
Stremor has a lot of company. A number of California companies have already relocated here.
“We’ve been drawing companies like Yelp, eBay, PayPal, out of the San Francisco Bay area,” said Barry Broome of the Greater Phoenix Economic Council.
Broome said companies are discovering that it’s cheaper to live and do business in the Phoenix area. He said the Valley is looking more attractive to technology business.
“It’s our ability to continue to create a great environment for small business formation,” said Broome. “This kind of speaks to some of the work that the governor and the legislature’s done to help keep the market free and open.”
There’s no doubt in Broome’s mind that the Valley will soon replace Silicon Valley as the place for companies to locate.
“Arizona’s leading the nation in small-business job growth,” said Broome. “The greater Phoenix region is leading the nation in new company startups.”
Broome said that Arizona needs to make sure that workers here are qualified for the jobs that come with those companies.
“The only thing we need to do more effectively to replace Silicon Valley is do a better job of intentionally planting the kind of science and technology infrastructure necessary to elevate us above and beyond Silicon Valley,” said Broome.
Broome believes Phoenix could replace Silicon Valley within five years.
- 7 common ways to get sued by your employees
- Why it might be time to upgrade your toilet
- Arizona teachers are building a better future by using technology in the classroom
- How to make summer reading fun for the whole family
- How to find relief for chronic joint pain
- Can the NBA Lottery save the Suns?
- Skip Urgent Care: 5 ailments you can treat with telemedicine
- Skin Cancer in Arizona: Stats, facts and new immunotherapy drugs making strides
- Distracted walking injuries end up not so funny
- Scary situations: 5 quick tips before you let a contractor in your home
- Four ways telemedicine is changing the health care industry
- 5 mistakes homeowners make in the spring
- Three rivers run through it: Exploring Arizona's waterways
- Smart home basics: things you need to know to get started
- 5 Surprising things causing back pain
- Arizona agriculture is a $17.1B industry
- Timeline: Arizona's roots in brewing history
- 5 reasons to love the D-backs this season
- Tips for taking your home entertainment experience to the backyard
- Tech-related injuries your parents never experienced
- Workers comp: Signs your co-worker could be a fraud
- Who's the real founder of America's pastime?
- Epidemic rising? What you need to know about Alzheimer's in Arizona
- 5 unforgettable Wooden Award winners
- Family and hard work are keys to success of modern dairy farmers
- Genetic testing could hold answers for colon cancer survival
- Cold beers and baseball: A beer lover's guide to Spring Training
- Telecommuting: 5 tips to make it work for employers and employees
- See how top CFOs feel about economic growth in the Valley
- Migraine myths that keep patients from effective treatments