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South Bay Accent - Jun/Jul 2015

PHOTO COURTESY OF JOAN MARCUS OUT IN FRONT WITH BIG ECONOMIC 33RD ANNUAL BUSINESS REVIEW FULL AHEADdecade and a half after the dot-com economy bubble soared skyward—followed GAINS, THE REGION IS PACING ITSELF THIS TIME AROUND FOR SUSTAINABLE GROWTH. BY DAVID GOLL SPEED rapidly by the dot-bomb plummet back to earth—Silicon Valley reached similar growth rates in jobs, income, investment and commercial real estate in 2014. ¶ The difference this time around, say some of the region’s top economic experts, is that the gains rest on firm Bay Area bedrock instead of the shifting, shaky landfill of hype and unfulfilled promises. ¶ Statistics compiled by the 2015 Silicon Valley Index reveal a region at the forefront of the U.S. economic recovery. The number of new jobs in Santa Clara, San Mateo, southern Alameda and northern Santa Cruz counties during calendar 2014 totaled 57,951. That’s the biggest leap in local job numbers since the heady dot-com era—a period that eventually led to a region-wide headache when the tech bubble deflated. »


South Bay Accent - Jun/Jul 2015
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