Recent Publications

From this high-level review, it appears that despite some attrition in corporate innovation offices the global innovation presence remains strong.

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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.

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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.

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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.

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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.

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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.

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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).

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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.

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With 30,000 manufacturing companies, California is the largest manufacturing state in the nation. Together, those companies support 1.3 million employees; 34% of those workers are people of color, and 31% are women. Most of California’s manufacturing companies are small, with 64% having fewer than 25 employees. Manufacturing companies account for 11% of California’s total economic output. Their activity contributes to a balanced economic structure in the state and provides middle-skilled jobs that offer good incomes and upward mobility for a segment of the workforce.

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Unique economic ties link the Bay Area and California with Israel. This report discusses the roots of Israel’s innovation economy, California’s economic footprint in Israel, Israel’s economic presence in California, key technologies where that activity is focused, and possibilities for the future.

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As the longest standing PFL program in the nation, the California PFL program provides a unique view into the impacts and effectiveness of PFL legislation. As such, there is a growing body of research examining the first two decades of the program, including the Bay Area Council Economic Institute’s previous report focused on California’s program. Published prior to the most recent expansion of the program, that report presents data on program usage and impacts of the program on California businesses. The research found that take up rates were growing, the program increased employment among new mothers, and the impact to businesses was positive.

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The term “Greater Bay Area” is derived from the experience of the San Francisco Bay Area, a multijurisdictional region that is the world’s leading platform for technology and innovation; following that model, China’s Greater Bay Area plan also seeks to make the Southern China region surrounding the Pearl River Delta a global innovation hub.

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