The Bay Area economy has been the envy of the world for fifty years running. Our business leaders have revolutionized industries from semiconductors to personal computers to the internet to social media and in healthcare, biotechnology, environmental science and many other fields. Today’s challenge is to preserve the growth and resilience of our economy and to share our prosperity more broadly, particularly through the creation of more middle wage jobs. In order to ensure the Bay Area’s economic vitality and resilience despite increasing boom and bust cycles, public and private sector leaders must come together around pragmatic solutions to persistent issues and barriers to success.
Regional Economy and Governance
Made for Trade
The revenues of Bay Area companies increasingly come from global markets, and the Bay Area economy is intricately linked with global trade and financial flows. The Bay Area is on the cutting edge of technology, innovation and finance, handling $25 billion in exports in 2013. As technology continues to increase as a percentage of global trade, the Bay Area is well positioned to export to expanding future and emerging markets, especially in Asia. A report commissioned by HSBC in 2014 looks at international trade activity in the Bay Area, with a particular focus on technology, China, and the internationalization of China’s currency.