As the Bay Area’s role as a global technology and innovation center has grown, the scope of its relationship with Mexico has expanded to include technology R&D and an active connection through startups. This presents opportunities to expand the relationship.Read More in the Summary »
The report includes chapters focused on housing and transportation, venture capital and innovation, income inequality, higher education, regional migration, globalization trends, and labor force participation. The chapters provide data points that offer early insights into how the COVID-19 pandemic has impacted different aspects of the region and economy in 2020 to help the
region plan for a strong and equitable economic recovery.
As of April 2020, 2 million women have dropped out of the workforce in the U.S. since the beginning of the pandemic, compared to 1.6 million men. The disproportionately large number of women leaving the workforce reflects how the disruption to daycare centers, schools, and other unmet and unpaid family care needs caused by the pandemic has had a particularly acute impact on working women. This page explores gender inequities in the California workforce, presenting labor force data broken out by gender across race, ethnicity, age, wage level, and occupation to understand how different groups in the state experience gender based workforce inequities.Read More in the Summary »
If there is one certainty over 20 years, it is change. In the Tri-Valley, stakeholders want to be proactive to plan for that change, not allowing it to just occur without strategies in place. The bold ideas in the 2040 Vision will allow the Tri-Valley to not only plan for change, but proactively create change. This vision allows the region to embrace and design the future so the Tri-Valley continues to grow as a diverse economy and as a region where all ships rise with the tide. The five key priorities of the 2040 Vision are purposefully open-ended, as they are not meant to be a roadmap with specific directions, but rather a destination that is accessible via a number of different routes.Read More in the Summary »
The Bay Area’s homelessness crisis was created by policy failures at all levels of government; interventions at all levels of government are needed to solve it. Rather than pursuing a shelter mandate, the Bay Area should use existing but unused tools at its disposal to raise $10 billion in new regional revenue to expand its inventory of emergency shelters and permanent housing. The region should pair this investment with new additional state and federal support for affordable housing and homelessness prevention, especially via proven programs like Project Homekey and Section 8. These investments should be paired with state policy reforms to boost housing production and reduce pressure on low-income renters, and to reduce local powers to halt shelter production. Although the Bay Area is a wealthy region, it cannot solve homelessness by itself.Read More in the Summary »
Bayer’s presence in Berkeley has benefited from a long-standing development agreement with the city, and a renewed agreement would facilitate Bayer’s future development plans over the next 30 years. These expansion plans would result in an increase in employment and new construction at the Berkeley site. This analysis looks at Bayer’s current contributions to the surrounding region. It also projects forward to provide insight on the economic implications of extending the Bayer Development Agreement with the City of Berkeley over the next 30 years.Read More in the Summary »
New data released from the U.S. Census Bureau’s Building Permits Survey show that per million people, California permits fewer housing units per million people than other populous states.Read More in the Summary »
This analysis explores the dichotomous relationship between the highest and lowest income households in the nine-county Bay Area over the last decade, examines how income inequality in the region may be impacted by the COVID-19 economic crisis, and considers how equity focused economic recovery strategies could safeguard against income inequities in the Bay Area deepening as a result of the pandemic.Read More in the Summary »
The economic impact of the arts collectively the organizations supported by those programs generate $1.7 billion in economic output and 36,828 full time-equivalent jobs. San Francisco currently spends $95.7 million annually to support the arts, which means that every million dollars it spends helps to generate $17.5 million in economic output and 385 jobs in the city.Read More in the Summary »
Housing is foundational to the California Dream, yet it has become one of the primary obstacles to livability in nearly every region of the state. From rising costs that push millions into poverty and result in longer commute times to new home production challenges, the inability of California to solve its housing crisis is negatively impacting opportunities to prosper, especially during a pandemic fueled recession that has crippled the financial security of millions of Californians and their communities.
Released by CA FWD with support from Wells Fargo, “Regions Build Together – A Housing Agenda for All California” provides a regions-up housing agenda consisting of 14 practical actions that can relieve the state’s persistent housing crisis. The report looks at the state through nine regional housing markets to identify the current state of affordability, distinct challenges, and opportunities that can be replicated or scaled up at a state level.Read More in the Summary »
New data analyzed by the Bay Area Council Economic Institute paints a clearer picture of the migration situation across California during 2020. Data provided by the United States Postal Service (USPS), which tracks change of address requests, shows California has experienced a significant uptick in the number of residents relocating out of the state during 2020.Read More in the Summary »
This report explains interconnected nature of the economy in Northern California Megaregion and examines the economic potential that a more efficient rail transit system could bring to the megaregion. The report examines how unlocking the transbay bottleneck with a new transbay rail crossing is an integral investment in building a connected rail network in the Northern California Megaregion and how that network would transform rail travel across the 21-county megaregion.Read More in the Summary »