Ask HN: How important is location of college/university in the tech industry?

I am a first year CS student going to school in the midwest. I want to use my CS degree to do web development/mobile development/development for start ups. Right there you can probably already see a problem. Here is another problem: My school has a great reputation, for business, not CS. I originally came here with intent to study business. However, once I switched to CS (I already had interest in it and had been programming in Python for a year) I found out that the program here sucks.

How important is location in the long run? If I moved to the San. Fran Bay area and went to school there, I feel like I would be learning mostly from the community. I would have access to events that don't exist here. To do this though, I would want to go to a decent school in Cali, most likely one of the public uni's. To establish residency I would most likely need to work and go to community college for a year. This would be done after my freshman year, so I would have 1 year of theory based CS knowledge/Java, and 2 years of Python experience if I continue learning on my free time.

It would be a pretty rough road to transfer out of state, establish residency, start over, all of that fun stuff. Will the community benefit me enough to make this move worth it? My other option to consider is transferring to a school where I can still get in state tuition (Yes I will still be in the midwest - but I will most likely transfer to UW-Madison, a school with a respected CS program unlike the one I am currently at)

Opinions? Thanks in advance!