Texas and it’s top metro areas have been making a name for themselves as leading markets in the tech space. Places such as Austin who has consistently competed with California’s Silicon Valley are still attracting more businesses and talent to the area. The state’s metroplex of Dallas has also been building and planning its key role in the country’s tech space with a focus on harboring new technology and spawning the world’s next leading brands.
“This understanding and reliance on tech for a means of creating a more stable state economy and attractive offering for investors, entrepreneurs and businesses has been demonstrated by much of Texas’ top city locations.” shares Texas-based entrepreneur Marcus Hiles who has helped to establish and grow the tech-focused rental property market that now dominates the industry.
San Antonio has even worked to take that position as a technology leader to the next level by focusing in on becoming the place to be for one of the country’s fastest growing industries.
Cyber security- it’s a topic we continue to hear more and more about each day as heavier constraints come over today’s organizations that seek to operate in the digital world. Security vulnerabilities are taking many businesses hostage, or even worse putting them out all together. The influence behind this growing industry is its relatively early stage where most companies have only come under threat by cyber risks in the last few years. More adoption to technology and the growing cybercrime following it has created widespread demand for advanced cyber security technology, services and personnel.
How confident is San Antonio in this new path to success? It was just about a year ago when the city came under attention by Amazon to be a potential location for its upcoming HQ2 project that is estimated to create 50k+ jobs when Mayor Nirenberg sent his refusal letter. What was seemingly a done deal to most cities, San Antonio didn’t sell itself short. Along with several other political and business leaders, the city’s representatives determined the corporate welfare owed to Amazon for the project would be nothing short of a “rip-off”.
The reason for this, what some may call brash decision,- “the Alamo City has been quietly developing another technology base, one that will be far more profitable in the long run: cybersecurity.” shares an article covering the topic by The Houston Chronicle.
This development has helped establish the Texas city as a thriving market and soon to be national hub for the cyber security industry. With its reputation in the industry already well established with the NSA’s Texas Cryptologic Center and both the Air Force’s cyber and intelligence command centers located locally; the city has also made strategic investments to educate and train the next generation of cyber security professionals. The Texas college of UT-San Antonio now has almost 20 years of experience ahead of most state schools that stems from the encouragement of former U.S. Sen. Kay Bailey Hutchison to develop a program that focuses in on expertise in cybersecurity.
Their ability to be one of the first players specializing in this global industry while creating their own talent base has positioned San Antonio at the top with one of the future’s most in-demand markets. A growth trajectory that will only continue to grow as cyber attacks continue to cost businesses – a loss that reached over $600 billion just last year.