Businesses are leaving Silicon Valley and looking for other cities to build their empires. Why you may ask? Silicon Valley is located in Southern California where the living expenses are incredibly high. The average median rent for a two-bedroom apartment according to Forbes is $3,080. This can mean expensive overhead for those with business offices. According to Forbes, California has an 8.84% corporate tax, which is one of the highest in the United States. Many companies have already started to go elsewhere, including big name companies. In the last year, Tesla has opened a new factory in Reno, Nevada and Google has opened a new campus in Ann Arbor, Michigan. It seems that Silicon Valley has started to lose its’ allure and many tech companies are looking for the next big tech hub.

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Tags: Virtual Reality, Augmented Reality, Simulation