Nice effort, I guess? But really this is just seems like a bad gimmick to me. As someone who lives nearby, Eastern TN as a whole strikes me as a horrible place for hackers or startups. The majority of local talent seems generally disinterested in moving to any languages or tools beyond those of the average enterprise (java, .net), or anything built/polished in the last 5 years. Generally your choices are making a decent salary working in healthcare with .NET/Java, or making <30k salaries with open source, which generally doesn't go much further than CMS modifications, or working for a CTO that thinks php frameworks are fadish and don't really work in most situations (so he rolled his own).

I don't think I need to add a disclaimer that this is non-objective and entirely related to my personal experiences in Chattanooga. It's bad enough that after job hunting in the area, I decided to go entirely freelance. And even there, I won't even talk to local companies. I've already wasted enough time hunting local clients only to realize nary a one of them expects to pay > $20/hr.

"moving to where you can get faster Internet service"... "GigCity"...

This is clearly bait. Pretending this gigabit internet service is available or practical for a startup, much less personal use, is either dishonest or ignorant of the actual situation in Chattanooga.