A small economy by regional and global standards, Jordan benefits from several advantages as a business and ICT platform: a stable political environment, close ties with the United States, a highly educated workforce with a substantial pool of experienced engineers, government policies that prioritize education, active support for women in the workplace, and an entrepreneurial culture that generates a disproportionately large number of regional technology startups.Read More in the Summary »
Gilead is the second largest biotech employer in the Bay Area and is the 18th largest private sector employer in the region, creating high-value products and employment opportunities at all income levels.Read More in the Summary »
Much of the detailed planning for how to address these challenges is taking place at the regional and local level. The state supports those efforts by encouraging regional-scale collaboration, supporting local planning and adaptation projects, providing data and analysis, and enhancing public awareness of sea level rise risks and impacts.7 Much of this occurs through the Ocean Protection Council (OPC), a high-level state government panel created in part to protect ocean health in the face of climate change. Based on evolving scientific knowledge, the OPC develops state-level approaches that respond to the anticipated impacts of storms, erosion and sea level rise on coastal communities.Read More in the Summary »
There have been numerous studies bolstering the case for residential development near transit stations. Less understood, however, are the benefits of commercial development near transit and what increased office and retail space along key transit corridors could mean for the Bay Area’s transit system, regional labor force, and economy more broadly.Read More in the Summary »
The especially large local multiplier for the high-tech sector reflects the fact that workers in these industries have higher levels of disposable income, which is spent on meals, transportation, housing, and other services in the local community. It also reflects the fact that hightech companies tend to cluster around one another, which attracts additional high-tech firms and the local service providers that support their business activities.Read More in the Summary »
California is globally recognized as the world’s leading center for technology, innovation, and entrepreneurial opportunity. While most concentrated in the San Francisco
and Silicon Valley Bay Area, technology assets are spread throughout the state.
The economic strength that flows from this unique capacity has produced high-value jobs and world-leading companies and puts California at the leading edge of current and emerging technologies that will transform the world’s economy in coming decades. The income that this activity generates is also a critical source of revenue for the state through personal income taxes (PIT) due to the substantial workforce dedicated to advancing technology in California. In the state’s 2019-2020 fiscal year, PIT accounted for 66.19 percent of California’s General Fund revenues, much of which are driven by taxation on technology initial public offerings (IPOs) and stock gains.
The increased business tax will eliminate jobs today and into the future, harm a range of large and small employers, choke off future city revenues and development, and make the city’s budget highly reliant on a few employers that can easily relocate elsewhere. The city’s economy is currently in need of policies that will drive a faster recovery in employment. The proposed increase in the business tax will only do the opposite, and it will be detrimental to the city’s ability to attract and retain jobs for Oaklanders well into the future.Read More in the Summary »
Given Astra’s rapid expansion and its potential to grow employment further on Alameda Point, it is important to understand the company’s economic impact on the surrounding geography. In addition to the economic activity taking place within Astra’s walls—i.e., wages paid to employees, materials and services purchased, and sales made to customers—the company also produces positive economic effects for the city broadly.Read More in the Summary »
A provision in the recently passed $1.3 trillion federal Infrastructure bill requires a Value-for-Money (VfM) analyses – a key part of the P3 process – in order to receive federal funds for transportation projects above $750,000,000 financed through TIFIA (the Transportation Infrastructure Finance and Innovation Act) and Railroad Rehabilitation and Improvement and Financing Act (RRIFA).Read More in the Summary »
Wildfires are now an annual concern for many of the state’s residents, particularly in and around the Bay Area. Households in fire-prone areas plan for defensible space and exit strategies in the case of a wildfire, and even those in urban areas prepare for the potential of smoke-laden skies and the health impacts they bring. Now, each wildfire season seems to bring weeks of deadly and dangerous air quality, along with destroyed businesses, homes, neighborhoods, and livelihoods.Read More in the Summary »