Sacramento, the capital city of California, has seen an exponential growth in the tech industry over the past decade. The city boasts a thriving startup ecosystem and a burgeoning pool of tech talent. In this article, we’ll take a closer look at the tech companies that call Sacramento home, the factors driving their growth, and the opportunities they offer for job seekers and investors.
Introduction
Sacramento has long been known for its government and agricultural sectors, but in recent years, the city has emerged as a major player in the tech industry. With a growing number of startups and established tech companies, Sacramento is quickly becoming a hub for innovation and entrepreneurship. In this article, we’ll explore the tech landscape in Sacramento and provide an overview of the top tech companies in the city.
The Growth of the Tech Industry in Sacramento
The tech industry in Sacramento has seen significant growth in recent years. According to a report by the Sacramento Business Journal, the number of tech jobs in the region increased by 31% between 2011 and 2016. This growth is largely due to a combination of factors, including a supportive startup ecosystem, a talented workforce, and an affordable cost of living.
Top Tech Companies in Sacramento
- Intel Corporation: Intel Corporation is a multinational technology company that produces computer chips, networking hardware, and other advanced technologies. The company has a significant presence in Sacramento, with a large research and development center in Folsom.
- Hewlett Packard Enterprise: Hewlett Packard Enterprise is a multinational technology company that provides IT solutions and services to businesses and organizations around the world. The company has a significant presence in Sacramento, with a large campus in Roseville.
- VSP Global: VSP Global is a vision care company that provides a range of products and services to customers around the world. The company is headquartered in Sacramento and has offices in several other locations.
- Adventist Health: Adventist Health is a non-profit healthcare organization that provides medical services to patients in California, Hawaii, Oregon, and Washington. The company is headquartered in Roseville and has a significant presence in Sacramento.
- Raley’s: Raley’s is a regional supermarket chain that operates over 120 stores in California and Nevada. The company is headquartered in West Sacramento and has a significant presence in the city.
- Riskalyze: Riskalyze is a fintech company that provides risk assessment tools and other financial services to investors and financial advisors. The company is headquartered in Auburn, a city located just outside of Sacramento.
- Five Star Bank: Five Star Bank is a regional bank that provides a range of financial services to customers in California. The bank is headquartered in Sacramento and has several branches in the city.
Startups to Watch in Sacramento
In addition to established tech companies, Sacramento has a thriving startup ecosystem. Here are some startups to watch in the city:
- Lighthouse: Lighthouse is a startup that provides digital marketing services to small and medium-sized businesses. The company is headquartered in Sacramento and has quickly become a leader in the local startup community.
- Ananas: Ananas is a startup that has developed a platform for connecting healthcare providers with patients. The company is headquartered in Sacramento and has received significant funding from investors.
- EyeCue Lab: EyeCue Lab is a startup that has developed a platform for creating and delivering interactive video content. The company is headquartered in Sacramento and has received funding from several prominent investors.
Opportunities for Job Seekers and Investors
The growth of the tech industry in Sacramento has created many opportunities for job seekers and investors. The city has a talented pool of tech workers, and many companies are actively hiring for a variety of positions. Furthermore, the startup ecosystem in Sacramento is attracting venture capital firms and angel investors who are looking to invest in promising early-stage companies. This presents an opportunity for investors to get in on the ground floor of some of the most innovative and disruptive companies in the industry.
For job seekers, the growth of the tech industry in Sacramento means that there are a variety of opportunities available across different sectors. Whether you’re interested in software development, data analysis, or project management, there are plenty of job openings at both established companies and startups in the city.
Factors Driving the Growth of the Tech Industry in Sacramento
Several factors are driving the growth of the tech industry in Sacramento. One of the key factors is the city’s supportive startup ecosystem, which includes organizations like the Sacramento Entrepreneurship Academy and the Sacramento Angels, as well as coworking spaces like The Urban Hive and The Capsity.
Another factor is the city’s talented workforce. Sacramento is home to several universities and colleges, including California State University, Sacramento and the University of California, Davis, which provide a steady stream of graduates with skills in science, technology, engineering, and math (STEM) fields.
Finally, the cost of living in Sacramento is relatively affordable compared to other major tech hubs like San Francisco and Silicon Valley. This makes it easier for startups and established companies to attract and retain top talent, and also makes it an attractive location for investors who are looking for a lower-cost alternative to more expensive tech hubs.
Challenges Facing the Tech Industry in Sacramento
Despite the many advantages that Sacramento offers for tech companies and investors, there are also some challenges that the industry faces. One of the biggest challenges is the competition from other tech hubs in California and beyond. Cities like San Francisco, Los Angeles, and Seattle have well-established tech ecosystems and are home to some of the biggest names in the industry.
Another challenge is the need for continued investment in the city’s infrastructure and talent pipeline. While Sacramento has made significant strides in recent years, there is still work to be done to ensure that the city has the resources and infrastructure necessary to support the continued growth of the tech industry.
Conclusion
Sacramento is quickly becoming a major player in the tech industry, thanks to a supportive startup ecosystem, a talented workforce, and an affordable cost of living. With established companies like Intel and Hewlett Packard Enterprise, as well as a growing number of startups, there are plenty of opportunities for job seekers and investors alike. While there are certainly challenges facing the industry, the future looks bright for tech companies in Sacramento.
FAQs
- What is the startup ecosystem like in Sacramento? The startup ecosystem in Sacramento is supportive and growing, with organizations like the Sacramento Entrepreneurship Academy and coworking spaces like The Urban Hive providing resources and support for entrepreneurs.
- What are some of the top tech companies in Sacramento? Some of the top tech companies in Sacramento include Intel Corporation, Hewlett Packard Enterprise, VSP Global, and Adventist Health.
- What are the opportunities for job seekers in the tech industry in Sacramento? There are a variety of opportunities available across different sectors, including software development, data analysis, and project management.
- How does the cost of living in Sacramento compare to other tech hubs? The cost of living in Sacramento is relatively affordable compared to other major tech hubs like San Francisco and Silicon Valley.
- What are some of the challenges facing the tech industry in Sacramento? The tech industry in Sacramento faces competition from other tech hubs and the need for continued investment in the city’s infrastructure and talent pipeline.
