Boston is the U.S. city best placed to capitalize on the shift to a digital economy, with the tech-centered San Francisco Bay Area second as it lost ground because of worsening quality of life, according to the U.S. Chamber of Commerce Foundation.
The analysis, “Innovation That Matters 2016,” ranked cities in six categories: talent; capital; industry specialization; culture, such as quality of life and regulation; and ties among entrepreneurs, universities, corporations, governments and others.
The Bay Area also has more money invested and the most tech talent, the report said.
But the region “is becoming too cutthroat to inspire success,” the report quoted area entrepreneurs as saying. The Bay Area’s quality of life also ranks 22nd among the 25 cities, possibly because of the rising cost of living, the report said.