Tech Talent Gold Rush Hits Emerging Markets As Companies Tap Smaller Cities
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Demand for tech talent is exceeding supply, leading companies to tap into smaller, "emerging" talent markets like Bucharest, Hanoi, and Huntsville.
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Factors making these emerging markets attractive include potential talent pool growth, educational levels, and developing tech ecosystems.
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Lower labor and property costs are also driving companies to invest in smaller cities in Europe, Asia Pacific, and the U.S. Sun Belt.
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Artificial intelligence and other innovations are creating new tech jobs and real estate demand in existing and new tech ecosystems globally.
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Top emerging markets include Cebu City (university system, tech growth), Lagos (many computer and engineering graduates), and others in Poland, Singapore, and Costa Rica.