Startup ecosystems, vibrant lifestyles, global diversity—these seven new boomtowns are worth the trip. Boomtowns—places that undergo rapid growth due to sudden prosperity —took hold during the Gold Rush and Industrial Revolution of the 19th century, when communities blossomed after discovering valuable resources in their backyards. Visit these seven spots on the rise around the world. Travellers to this vibrant city can use powerhouse startup Hotels.
When it comes to artificial intelligence , this vibrant Canadian metropolis—one of the most culturally diverse cities in North America —may have the advantage. The top-notch Universities of Toronto and Waterloo boast leading STEM science, technology, engineering, and mathematics programs and research centres. The city has birthed pioneering companies, such as Blackberry and Shopify, and hosts research centres for the likes of Uber, Samsung, and Google.
Beyond its digital prowess, Toronto is known for its globally varied food scene—tourists can travel around the gastronomical world within a single neighbourhood. One of the world's largest cities, Beijing houses the second highest number of unicorns after Silicon Valley. With the Great Wall of China and other historic attractions nearby, visitors can enjoy a taste of the ancient alongside the modern. The city of 22 million continues to flourish: its SOHO Modern City and business districts boast cutting-edge technology and avant-garde architecture.
And e-commerce is growing exponentially with the likes of Baidu and Alibaba. Sydney has even established a Visiting Entrepreneur Program to mentor budding local companies. From finance tech startups to digital media companies, Sydney remains an attractive business hub in the Pacific region—meaning immigration is increasing and diversifying its 4. Known for scientific research, logistics, and security, Tel Aviv has the highest number of startups per capita in the world , including giants like freelance marketplace Fiverr and website host Wix.
A Mediterranean beach stretches beneath the urban skyline of Tel Aviv, where world-class startups mix with tourist-friendly contemporary art and culinary scenes. Despite its comparatively minuscule size, Stockholm has produced more unicorns per capita than any other startup ecosystem outside of Silicon Valley.
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A hotbed for gaming giants such as King think Candy Crush and Mojang think Minecraft , it also has one of the highest concentrations of video game studios in the world. Did you know you can now Travel with National Geographic? Check out our trips and destinations here. National Geographic showcases leading explorers, scientists, environmentalists, film makers and renowned photographers.
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Sign In. More Events Win Store. Open Menu. For most potential first-time homebuyers, local prices remain far out of reach. The report shows that only 22 percent of potential-first-time homebuyers in San Mateo County — and 30 percent in Santa Clara County — can afford a median-priced home. The lack of affordable housing, the report notes, "results in longer commutes, diminished productivity, curtailment of family time, and increased traffic congestion. They can push residents to live with one another for economic reasons and can increase homelessness.
Despite a recent push by traditionally growth-averse cities like Palo Alto to encourage more housing, the pace of construction remains sluggish.
Beyond Silicon Valley: Visit these vibrant cities on the rise
The number of residential units that were permitted in Silicon Valley in — 8, — was actually lower than in , when more than 9, units received the green light. But for those at the lower end of the income scale, affording a living has become considerably more difficult. The report points to income disparities that persist between "residents of various races and ethnicities, and between men and women at the same level of educational attainment.
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Only 18 percent of highly educated women between the ages of 24 and 44 worked in technical occupations in , compared to 43 percent of their male counterparts. The report also showed that women made up just 28 percent of the workforce at Silicon Valley's largest tech companies in , and a mere 19 percent of technical roles and leadership positions. One finding that is unlikely to surprise readers is the growing commute times. Even though the average number of miles driven by Silicon Valley residents has declined for three consecutive years reaching 22 miles in , solo commuting remains the most popular option — one chosen by 72 percent of Silicon Valley workers down from 75 percent a decade ago.
The report notes that the average commute time has gone up by 20 percent over the past decade, adding an additional 43 hours of driving time per commuter annually. In , 6. Likely driven by traffic congestion, the share of commuters taking public transportation rose, from 4.
Silicon Alley: The Rise and Fall of a New Media District - Michael Indergaard - Google книги
Ridership on Caltrain, a popular commute option on the Peninsula, rose between and by 45 percent. The cost of transportation needs in Silicon Valley went up by 4 percent over the past four years, the report found, even as it decreased statewide by 12 percent over the same period. View multiple charts illustrating the report's findings here. None of this matters. The sense of community in SV evaporated a long time ago. I strongly disagree with Bob above.
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SV is full of some of the most giving and caring people. Anytime anyone wants help and asks they seem to get it and more. Whether it is for locals, fire victims, or other charitable causes, the help comes. Just check Nextdoor. In other words, one has to meet a particular standard in order to get any sympathy or support from these magnanimous SV types.
There has been transformative building. It has been the office parks who were allowed to build without regard to infrastructure, safety, displacement of existing residents, etc. At the same time as this report discusses large companies gobbling up smaller ones and the environment being hostile to startups, it talks about housing demand as if it is static and all we have to do is build more to catch up.
There is no solution to any of this if we believe building more housing is the answer, just ask Hong Kong. The density just begets more density, it never makes housing cost less, it never means everyone can live next to their jobs, it never means commute times go down. In fact, in Hong Kong, which is much smaller and has the best transportation in the world with almost everyone using public transit, they have commute times like Los Angelenos, and people still can't live near their jobs. They are creating microunits so small, they are like human cages where families can't even live together, and still they have a housing afforability problem.
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The answer is to stop assuming that it's possible to build a way out of this, before what's good about this region has been utterly destroyed. The answer is to get a few of the big companies to move.
Amazon just did a nationwide search, and instead of deciding to go with a community that needed the population, the investment, the jobs, that would benefit from renewal, they decided to choose an urban area already strained by too much demand. The companies want all the things the public built, all the diversity, but they have gotten used to not ever paying for them, ever, since the '80s.
We are constantly being treated to slams over failing to anticipate the demand that these companies have created by overbuilding and overfilling office space, when the infrastructure can't handle it anyway. The public needs to just stop paying for this, and let some of the companies decide it's time to leave.