SVCIP Indicator Dashboard – 2017 Report

Dashboard Summary

The SVCIP monitors trends in Silicon Valley’s innovation economy to help inform a long-term public policy agenda for the region. An advisory council, comprised of CEOs, community and nonprofit leaders, identified 23 competitiveness and innovation indicators to track annually with comparisons to other U.S. innovation regions.

High Technology STEM Workers in Key Innovation Regions

Silicon Valley has the third largest total number of STEM workers of the innovation regions, behind only the much bigger population centers of New York City and Southern California. However, it has the highest STEM share of the workforce for the size of its overall regional economy. Access to a large, highly educated STEM workforce is a competitive advantage in innovation industries.

Data Source: Bureau of Labor Statistics, Occupational Employment Statistics
Analysis: Collaborative Economics
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Venture & Angel/Seed Investments in Startup Companies

Silicon Valley Venture Capital Investment in 2016 Well Behind 2015 levels.

Early stage investment, such as venture capital and research and development funding, facilitate growth in innovation industries, companies and technologies in the short and long term.

Data Source: CB Insights
Analysis: Collaborative Economics
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Innovation Processes

Innovation processes leverage the economy's assets in talent, capital and R&D to translate ideas into commercial products and services.

Startup companies have been launching at high rates in recent years across the US, fueled by expanding angel, seed and seed VC investment levels. While very early stage investment has surged, follow-on investments have become significantly harder to secure.

Data Source: CB Insights
Analysis: Collaborative Economics
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Living in Key Innovation Regions

Silicon Valley has the most expensive and fastest rising median housing sale price per square foot of the key innovation regions. Average commute times rose 15.5 percent between 2010 and 2015, followed by Seattle, up 11.4 percent.

Data Source: Zillow, Rent Jungle, Texas A&M Transportation Institute
Analysis: Collaborative Economics
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Worker Productivity in Key Innovation Regions

Silicon Valley's labor productivity (roughly proxied by annual GDP per employed worker) is the highest of the key innovation regions, and encourages companies to locate within the region, particularly for their R&D and design activities.

Data Source: Bureau of Economic Analysis, Bureau of Labor Statistics QCEW
Analysis: Collaborative Economics
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