Saturday, October 24

Tag: IT

San Mateo County Leads Bay Area Economic Growth
Demographics

San Mateo County Leads Bay Area Economic Growth

Federal data charting five years' business growth suggest San Mateo County is the Bay Area’s true economic sweet spot. (Photo of the Facebook campus the month the company moved in, courtesy Flickr and Jitze Couperus.) By Sharon Simonson For all the debate about the relative economic strength and stature of traditional Silicon Valley (Santa Clara County) versus the new Silicon Valley (including San Francisco), San Mateo County is arguably outrunning both. Nationally, the information-technology sector is leading economic recovery. Industry payrolls expanded more than 20 percent in the five years ending in 2013, reaching $273 billion a year. Internet and software publishers and data storage and processing companies are growing the fastest. The Bay Area’s information-technology...