Not more than a decade ago Silicon Valley was considered to be the heart of the technology based industry; recently however things have been changing and as a result many companies around the United States have started to see some benefit. Recently cities such as New York have become hotspots for technology startups and many analysts say this is a good thing for everyone involved.
According to many technology and news reports New York City alone is responsible for numerous new technology companies worth well over a few billion dollars. This is an astonishing feat for the city given how short of a time period the entire transition has required.
Fortunately for many technology entrepreneurs this is great news regardless of where they are located; many investment companies have begun to once again expand their horizons on technology investments and as a result companies from all over the country are seeing a steady increase in cash flow.
Analysts say this is also a good sign when it comes to the economic recovery of the United States. As investors and banks begin to trust these new or somewhat new technology companies in various cities significant amounts of money begin to flow into small economic sectors which had previously dried up. Of course this is not a sure sign that the economy is recovering though analysts basically agree that this is a very good sign of things to come for the technology industry as well as other private industrial markets.