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Why San Francisco is a successful place - Coggle Diagram
Why San Francisco is a successful place
education
Businesses requiring skilled employees benefit from the Bay Area’s highly educated labour force. Many also benefit from the region’s high concentration of research universities.
In the bay area, 46% of workers possess a bachelor’s or some form of advanced degree. This makes the Bay Area one of the nation's top 4 regions in terms of educational attainment.
University of California campuses and Stanford serving as anchors, the Bay Area accounts for more top graduate programs than any other region in the nation. Five California State University campuses, 26 California Community Colleges.
The Bay Area’s research universities are a major source of patents and inventions that are licensed to private companies—to date the region's four UC campuses have generated nearly 1,800 patents and 3,000 active inventions—and they generate graduates and faculty with an extraordinary track record for taking ideas and technologies from the laboratory bench to commercial applications.
industry
The region's most concentrated industries are Professional, Scientific, and Technical Services (PSTS) and Information.
Other sectors are Accommodation and Food Services and Arts, Entertainment, and Recreation, both of which are highly dependent on the region’s tourism industry.
Manufacturing on the Peninsula and in Silicon Valley, is heavily focused on sophisticated equipment design and development.
The Information sector, primarily software publishing companies, is heavily represented in the region and also has a large share of high-skilled workers. In this category are companies such as Oracle, Adobe, Electronic Arts, and McAfee, among many others.
It is the original 'Silicon Valley' and host the headquarters of Apple, Hewlett-Packard, Adobe and eBay in the cities of Cupertino, Palo Alto and San Jose.
employment
As of January 2015, 4.8 % of Bay Area residents were unemployed, compared to the national average of 5.7%.
Employment is growing slowly. The extremes of stagnant employment and rising GDP per capita is explained by the changing nature of jobs in the Bay Area. Changing industry concentrations are requiring more educated workers, and trends within industries are also moving toward the employment of relatively more educated workers.
Over the last 20 years, wages in the Bay Area have increased at a pace significantly exceeding that of the rest of the country. Average wages have always been high in the Bay Area, but in 1981 the gap between Bay Area wages and wages in other parts of the state and nation began to grow. That year, Bay Area wages were on average 16% higher than wages in the U.S. economy as a whole. By 2010, this figure had grown to 52%—a high level, but lower than its peak during the dot-com years.
connections/transportation
2 international airports: Oakland International, San Francisco International (hub)
Port of San Francisco
the extension of the Caltrain to Downtown San Francisco and make it the centre of a new transit-friendly neighbourhood.
transbay terminal redevelopment
Transport is a critical challenge in San Francisco / Silicon Valley.
Although there are high levels of demand, extensive commuter rail and three major airports – the historic under-funding, numerous modes, two-dozen transit operators, and fragmented strategic management – has led to
greater congestion
and increased commuter journey times.
innovation
The Bay Area has been the world's leading innovation centre for the past 60 years. Its impact on the economy and how it operates, from enterprise productivity to health and communications, has been immense.
The region’s ability to play a role in the creation of entirely new business paradigms and spaces of social activity—including personal computers and smart phones, semiconductors, cleantech, biotechnology and personalized medicine, relational databases, magnetic storage and, most recently, cloud computing—is unrivalled, producing world-class companies and jobs in the region, nationally and around the world.
Examples include: Google, VM Ware, Genentech and, more recently, Facebook and Zynga have in only a few years grown from just a few dozen employees to 30,000, 12,000, 11,000, 4,000 and 3,000 respectively.
physical geography
The city of San Francisco lies amidst the Pacific Ocean, San Francisco Bay and the Golden Gate Strait, California.
It is the fourth most populous settlement in California and the second largest population density in the United States. San Francisco is called the pearl of the west coast.
The city is laid out in a grid over some 40 hills, reaching heights of nearly 1,000 feet; this sometimes causes wide variations in temperature and sky conditions in different areas of town.
The Pacific air keeps the temperatures generally moderate, rarely ranging above 75 degrees or below 45 degrees, leading San Francisco to be called "the air-conditioned city."
quality of life
The overall quality of life in San Francisco is high.
Santa Clara County has a very ethnically diverse population, as it has attracted migrants from across the USA and internationally. In 2014, 198,000 immigrants gained residency or permission to work long term in California, more than any other US state and about 20% of the total for the USA>
In 2017: 32% white, 26% Hispanic, 37% Asian, 3% black, 1% Native American, 1% Native Hawaiian/Pacific Islander
The overall livability index score for San Francisco, California is 65. This is in the top half of communities in the U.S.
investment
Housing prices in coastal California are notoriously high, and in the Bay Area they are a great deal higher.
Between 1995 and 2011, yearly venture capital investments in the Bay Area increased from $453 million to just under $3 billion.
Most of this growth has come in high value-added sectors such as Software, Telecommunications, Semiconductors, and Computer and Peripherals
why is the area not successful?