Hello HN.. Atlantan here. Frankly I find this armchair speculation from the west coast a bit comical. Coding as a trade is a thing at this point. Look at the coding bootcamps that function basically as an apprenticeship/trade school. Where does the target audience factor into it? In terms of capital, a) money is everywhere - that's why they call it money and b) the southeast is home to at least three top 20 banks and Atlanta is a huge payments processing hub.
You should visit.