Sitting on the Tennessee River in the east of Tennessee, Knoxville has a population of around the 186,239 mark, which makes it the state's 3rd largest city. It was the first capital of the state as Knoxville was settled in 1786. With the railroad arriving in 1855, the town boomed. After the Civil War Knoxville became a major wholesale and manufacturing sector, but it fell over in the 1920s. The city came to life when it hosted the 1982 World's Fair and the downtown area has continued to flourish. It's home to the University of Tennessee, the Supreme Court's courthouse for East Tennessee and quite a few corporate headquarters of national and regional companies. Knoxville is placed high on the "Best Value Cities" due to its college sports, the Smoky Mountains and its entrepreneurial spirit, so it's little wonder that coworking venues have opened their doors in the city.
Currently the United States is seeing fewer people taking the plunge into the startup realm compared to previous years. Knoxville however is one of 6 partners in the Knoxville-Oak Ridge Innovation Valley that promotes economic development in the city and surrounding counties and is not suffering as much as other small cities.
High-tech businesses need to regroup, rethink and rehash to come up with new ideas that haven't been exploited by the tech giants. This slowing down of new tech businesses is being attributed to numerous factors, such as an aging population and fewer technologies and ideas to exploit. The tech titans such as Facebook, Apple and Amazon are dominating the playing field leaving less room for innovators to break in.
Coworking venues are providing the space for collaboration for the tech savvy souls who have the hope and the will to succeed, or simply providing the space to work for remote workers.
Never Miss a Coworking Update
Register to receive exclusive offers, special member pricing, and updates on shared office space near you.