This Is the Best Small City for High Tech

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
This Is the Best Small City for High Tech

© DenisTangneyJr / iStock via Getty Images

High tech jobs, high tech development, high tech schools, and high tech companies are often associated with the large West Coast cities in and around San Francisco and Seattle. Microsoft and Amazon are headquartered in Seattle. Alphabet is in Mountain View.  Meta Platforms (previously Facebook) is located in Menlo Park.

Many of the largest venture capital firms, which supply money to tech startups have headquarters clustered around the Bay Area.

Some of these companies have started to relocate or add large numbers of employees further east. Tesla recently relocated to Austin, the home of computer giant Dell. Several huge tech companies have opened offices in New York City.

Not all of the best cities for high tech are located in these traditional tech-heavy locations. By one measure, several smaller cities are also high-tech centers. The term “high-tech” is hard to define, but it means a lot more than “tech” in the Silicon Valley sense. According to the Workforce Information Council, the high-tech sector includes any industry that employs a high percentage of workers in STEM (science, technology, engineering, and mathematics) occupations.

[nativounit]

That encompasses more than 30 categories, according to the Bureau of Labor Statistics (BLS), including such diverse fields as pharmaceuticals, engine and power transmission equipment, semiconductors, aerospace parts, telecommunications, data processing services, oil and gas extraction, and even forestry.

Though STEM occupations account for only about 6% of all jobs in the American economy (according to the BLS), high-tech industries are vitally important to cities these days. Not only are places with established or emerging high-tech sectors poised for economic growth, but a strong technology industry can help a city weather the economic shocks of a recession and even a pandemic.

To identify the best small high-tech city in America, 24/7 Wall St. reviewed data from the Milken Institute’s Best-Performing Cities 2021 ranking municipalities and metro areas according to their “high-tech GDP concentration and the number of high-tech industries” they’re home to, as well as the presence of “scientific research and development services.” (Population figures in the list below come from the U.S. Census Bureau’s 2019 American Community Survey 1-Year Estimates.)

The best small city for high tech is Tuscaloosa, Alabama. Here are the details:

> High-tech GDP concentration ranking 2019: 150th
> High-tech GDP ranking 2014-19: 1st
> High-tech GDP ranking 2018-19: 2nd
> Population: 251,836

Click here to see all the best small cities for high tech.
[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Our $500K AI Portfolio

See us invest in our favorite AI stock ideas for free

Our Investment Portfolio

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618