Our East Bay CIO Roundtable continues to grow, as does the surrounding Tri-Valley technology economy. Many of our group members live or work in the Tri-Valley – an area that is now about the size of the Research Triangle in North Carolina as far as technology-focused economy is concerned. The Bay Area Council Economic Institute recently released a report showing just how much the local area has grown in employment.
Over the decade from 2006 to 2016, total payroll jobs jumped by 35 percent in the Tri-Valley, 31 percent in San Francisco County and 19 percent in Silicon Valley/San Mateo. The statewide job growth in the same period of time was 8 percent.
By mid-2017 the Tri-Valley had 194,000 jobs – nearly 20 percent of those jobs are in technology. Sixty percent of Tri-Valley residents have a Bachelor’s Degree or higher – compared to fifty percent in the Silicon Valley. More than 450 Tech companies are located in the Tri-Valley according to the report.
Those of us who live in the Tri-Valley are very familiar with two of the outcomes of this economic boom: housing prices and traffic. In 2017, average aggregated daily vehicle hours of delay, measured on a stretch of Interstate 580 between the Altamont Pass and San Ramon Road totaled 5236 hours per day in the eastbound direction, up more than 20 percent from 2012. Westbound delays on the same stretch totaled 5130 hours per day in 2017, up 30 percent from 2012.