Continuing Growth and Unparalleled Innovation: Bay Area Economic Profile
SAMCEDA is proud to be a supporter of the Bay Area Council Economic Institute and McKinsey and Company's recent publication of the Tenth Edition of the Bay Area Economic Profile titled, “Continuing Growth and Unparalleled Innovation”.
It is without question that the Bay Area has been an innovation economy hub since the 1970s and home to four of the top ten global companies by market capitalization. If the Bay Area were its own country, it’s GDP would rank 19th in the world.
This profile provides top-level economic data on the robust and highly productive regional economy. It also drills down into the specific assets and advantages provided by the Bay Area’s innovation economy, while also detailing the challenges facing our regional economy from housing, transportation, and quality of life issues. Finally, the profile expands the focus to the Megaregion, which is increasingly relevant for both commute sheds and goods movement. “Continuing Growth and Unparalleled Innovation” provides objective data and analysis needed to guide our decisions on the future growth of the Bay Area.
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