Spokane, Washington is a region experiencing a transition in its tech and startup economy. While the area boasts several respected universities churning out thousands of graduates, many of them choose to leave after graduation. The dream of making Spokane a place where new grads want to stay and work has been long-standing among business and government leaders. One exception is Jack Githens, a senior at Gonzaga University, who decided to stay in Spokane after connecting with the startup scene in the region.
Spokane’s tech community is determined and resourceful, experiencing growth due to an influx of workers from major tech hubs and an increasing number of entrepreneurs relocating their startups to the area. The region has seen a 7% increase in population from 2018 to 2023, contributing to a higher cost of living. Organizations like the Spokane Angel Alliance and Cowles Ventures provide early stage capital for startups in the region.
The Spokane startup scene has been characterized by successes, challenges, and potential. Past companies like Itron and Stay Alfred have had significant impacts on the region, while startups like BuyWander and Kochava continue to push forward. Access to capital remains a key issue for Spokane startups, requiring them to seek funding from investors in larger tech hubs.
The Spokane tech community has been supported by the emergence of groups and organizations that aim to connect and advance entrepreneurship in the region. From LaunchPad Inland Northwest to Ignite Northwest, these entities provide funding, mentoring, and resources for startups. The ambition is to develop Spokane into a recognized tech hub that attracts talent and generates growth similar to other tech cities like Austin and Boulder.
Efforts are ongoing to strengthen the connections between the Spokane tech community and students, encouraging more graduates like Githens to stay and work in the region. Events and programs hosted by organizations in Spokane aim to bring together entrepreneurs for collaboration and support. The aspiration for a ‘lightning strike’ company that elevates Spokane to a high-tech hub status persists, highlighting the need for unity and a shared vision among economic development groups in the region.
In conclusion, Spokane’s tech and startup economy is experiencing a period of growth and transformation. With an influx of workers and entrepreneurs, the region is making strides towards becoming a recognized tech hub. Challenges such as access to capital and affordability remain, but the community is resilient and determined. Efforts to strengthen connections between the tech community and students, as well as the aspiration for a significant breakthrough company, are driving the region towards its goal of becoming a thriving innovation economy.
