Table: Whither The Valley Wannabes?
All over America, elected officials vowed to build the "next Silicon Valley." What region has had the stuff to stand up to the tough 2000 market? We looked at jobs, venture investment, and stocks in some of the most visible wannabe tech havens. The skinny: VENTURE TECH INVESTMENT DOT-COM JOB GROWTH 4Q'00 STOCK PRICES LAYOFFS CITY 1999-2000* vs. 1Q'00 1/1/00-12/31/00 JUNE-DEC. 2000 Austin 5.3% -62.8% NA** 339 Boston 2.7% -37.8% -21.8% 1,480 Dallas 1.9% 66.0%*** -1.6% 186 Seattle 9.0% -22.8% 0.0% 2,558 Washington D.C. 5.9% -11.2% -10.7% 85 Silicon Valley 2.0% -21.2% -16.8% 2,624 * Based on economy.com forecasts revised in January, 2001 ** Bloomberg Financial Markets discontinued the Bloomberg Austin Index on 10/17/2000 *** In Dallas, two companies received $633 million in the fourth quarter--more than the whole area got in the first quarter Data: Economy.com, Venture Economics, Bloomberg Financial Markets, and Challenger, Gray & Christmas Inc.
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