According to a report by the Silicon Valley Competitiveness and Innovation Project, for the first time since 2011, net domestic migration in Silicon Valley was negative.
The world’s economic map is being redrawn. Industries dominant since the 19th century with support from government institutions and political alliances are now a drag on the global economy. Meanwhile, tech startups — disregarded by many of the bureaucracies and political offices that perpetuated the old industrial order — are creating growth.
With more startups per capita than anywhere in the world, Tel Aviv is consistently ranked among the world’s leading tech cities, making it a formidable competitor to Silicon Valley, London and Berlin.