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I mean there are a lot of rational reasons for a startup to be in northern NJ, but the other rising startup areas mentioned in the article (with the exception o
by markmccraw 15y ago
I mean there are a lot of rational reasons for a startup to be in northern NJ, but the other rising startup areas mentioned in the article (with the exception of Bryn Mawr, I don't know whats up with that) are all places that are cool for young people to move to and have a certain societal status. Telling your friends that you are going to move to Bergen County just isn't the same as saying you are going to Boulder.
A lot of suburban places "make sense," like for instance Nashua, NH is well within commuting distance of Boston/Cambridge and offers lower taxes, rental property, etc. but I doubt the Boston-area startups will move there.
I do agree that it will be the home for corporate campuses (I live in Westchester Co., NY, which has a lot in the way of large companies but not many startups, and is very similar to northern NJ), but that makes a lot of sense. A large company needs WAY more space, has an established revenue stream (so taxes matter way more) and the employees will be way more likely to have a family and therefore be more interested in living in the suburbs.