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San Francisco Regeneration - Coggle Diagram
San Francisco Regeneration
Education
Has a much higher rate of education- 48% have a bachelors degree, compare to 28% national average
2 Top Universities in the country- University of California and Stanford based in the Bay area
Industry
focused on two major industries toursim and high skilled technological industries.
Increase in high skill industry brings in high skilled worker and has helped many companies become globally sucessful- or successful companies will relocated to san francisco, leading to more high skilled jobs and improved GDP
Employment
Low levels of unemployment- 5.7% compared to 4.9% national average.
Increase in employment in more skilled industries, which leads to more skilled people moving to the area, and increased GDP
Many people employed in high skilled industries in technology, such as green tech, semiconductors...
Also some inequality between high skilled employees, and low skill workers as the cost of living in the area grows
Transportation
BART( Bay area rapid transport system)
Shifts occurring to more public transport based systems
Major port in san francisco
Two airports
Innovations
1,800 patents
3,000 active inventions
Green tech is growing, focusing one Green technologies such as clean energy systems
QoL
Good
Investment
increase in investment from £453 million to just under £3 billion from 1995 to 2011
Main investment in information sectors
the forefront of venture capital companies
Why not successful for all
Increase in net household income comes from skilled jobs- those who don't work in lucrative industries aren't seeing a massive improvement.
Inequality as not all are related to high skilled high value sectors, and these areas have a reasonably high population. Rising house-prices lead to people being priced out of an the area- gentrification