04/19/2013 12:32 pm ET Updated Jun 19, 2013

Struggling Cities, From Detroit to New Orleans, See Startups as Saviors

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While the bulk of venture capital dollars go to Silicon Valley and New England, cities little heralded for their tech scenes have been successfully coaxing technology entrepreneurs to set up shop in recent years. That includes Detroit, New Orleans, and St. Louis, where municipal and private initiatives are attracting newbies and natives returning from the coasts.

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