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Why is Silicon Valley a successful place? - Coggle Diagram
Why is Silicon Valley a successful place?
Education
Stanford Univeristy is located in Silicon Valley which attracts students to start new businesses, and heavily contributed to a culture of entrepeneurship
According to Great Schools, the public schools earn some of the best grades in California
Industry
STEM jobs in Silicon Valley is 2.6 times the national average of the USA
The main industry in Silicon Valley is the technology industry
Employment
Many jobs withint the technology industry include hardware, software, biotech, clean tech, communications, and social media
The unemployment rate iwas 3.7% in 2023
Transportation
There are three major airports and extensive commuter rail
Roads tend to be very congested since most residents commute to work
Innovation
Intel, Facebook and Apple have been founded in Silicon Valley
Physical geography
Located in Western California, near the cities of San Fransisco and San Jose
It is bound by the Santa Cruz mountains to the West and the Diablo mountain range to the East
Quality of life
The crime rate is only 5.54 per 1,000 people
House prices and rent prices are very high which leads to inequality
Investment
Many venture capitalists come to Silicon Valley to invest in new start-ups
