Hi! Thanks for the question.
I have found the following articles providing some discussion about
trends in the business and economic landscape of San Francisco and the
Bay Area. I will provide small snippets from the articles so as to
save you time in finding information you need.
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INDUSTRIES:
TECHNOLOGY:
?In a stunning turnaround, Bay Area companies are back in the black
after three years awash in a sea of red ink, giving hope to the
region's beleaguered residents that they may eventually get to share
in some of that bounty.?
?Despite war and continued economic uncertainty, technology purchasing
was relatively robust. Corporations, which had been on lean regimes
after their Y2K tech-buying binges and the subsequent stock market
plunge, finally started investing in new equipment.?
?According to the data, technology, for all its recent woes, is still
king of the roost in the Bay Area. With 80 companies in electronic
technology and an additional 34 in technology services, the digital
economy accounted for 40 percent of the region's revenues, 28 percent
of profits and 62 percent of market cap?
?Region's prosperity returning?
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/05/03/BUC200OVERVIEW.DTL
OIL:
?Rising oil prices helped ChevronTexaco Corp. remain No. 1 in sales,
while printer, PC and notebook shipments propelled Hewlett-Packard Co.
to a strong second in the revenue rankings of The Chronicle's survey
of the Bay Area's top publicly traded firms.?
?The revenues of these three market leaders accounted for more than 40
percent of the $635 billion in sales booked by the entire Chronicle
200. Their bullish sales -- the three averaged sales growth of roughly
20 percent -- helped lift The Chronicle 200's overall revenues by 12.3
percent in the last four quarters.?
?Oil, PCs lead the way for top revenue producers?
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/05/03/BUC200REVENUE.DTL
TRAVEL:
?The Bay Area has been particularly hard hit in the current travel
recession because of its heavy reliance on business and international
travel and its higher costs relative to other destinations. The
overall pattern of declines in the number of visitors in 2001, with
little or no recovery until 2003, held for all destinations
investigated.?
?Within the Bay Area, San Francisco has fared considerably better than
both San Jose and Oakland. This can partially be explained by San
Jose?s and Oakland?s particular reliance on business travelers, the
segment that experienced the largest declines and continues to be
soft.?
?The prospects for tourism in the region for next several years are
brighter. Both leisure and group travelers are projected to maintain
their expansion in 2004 and accelerate in 2005. But business travel is
expected to lag behind?possibly even decline a small amount in 2004
and not rebound until 2005.?
?Bay Area Tourism: In Recovery Or Still In Need Of Treatment??
http://www.bayareacouncil.org/pubs/bep/Spring2004.pdf
LIFE SCIENCES:
?Today, for example, some 726 private Life Sciences companies in the
region employ nearly 80,000 people. These jobs are good jobs. The
average Life
Sciences worker in the Bay Area earns a $79,200 wage, which is 35%
higher than the average Bay Area wage. Bay Area Life Sciences
companies generate approximately $12 billion in revenues, or 3.6% of
the region?s total economic output. In other words, $1 of every $35
earned in the region in 2003 was associated with Life Sciences.?
?Life Sciences Companies Leaving the Bay Area??
http://www.bayareacouncil.org/pubs/bep/Fall2003.pdf
REAL ESTATE:
?Prices in all nine Bay Area counties soared to record highs on the
wings of appreciation rates of about 15%. A total of 11,015 homes and
condos were sold in the Bay Area in March, a 25% rise from March 2003.
Recovering from the dotcom bust, the highest sales tally came in Santa
Clara County, up 44% from this time last year.?
?Market Flash Second Quarter, 2004?
http://www.crossroadsrelo.com/services-marketflash.html
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JOBS:
?The employment losses that occur with offshore moves are part of a complex
process that may lead to direct job losses but also may generate substantial income
and job growth. The Bay Area economy is heavily invested in global sales and in
global production.?
?Increasing dependence on foreign inputs, in conjunction with other
productivity gains, has contributed to a flattening out and eventual
loss of manufacturing jobs in the computer sector in the Bay Area. Yet
the gain in computer-related services jobs more than compensated for
the loss in manufacturing jobs??
?Offshore Moves, Outsourcing and the Bay Area Economy?
http://www.bayareacouncil.org/pubs/bep/Summer2004.pdf
?The study found the Bay Area is losing ground to other regions in the
U.S. and overseas in three competitive capabilities: mass production,
back-office (transactional) operations and product and process
enhancement. The competitive erosion in the latter is new. It appears
that the Bay Area is rapidly losing out to other regions in
occupations associated with engineering focused on cost reduction,
fine-tuning processes and expanding product features. These
engineering jobs, along with manufacturing and administration-related
occupations, are expected to decline as the skills required for those
functions are sourced more cost effectively in other regions of the
United States and abroad.?
?Study: Offshoring of Bay Area jobs cannot be stopped?
http://sanjose.bizjournals.com/sanjose/stories/2004/07/12/daily40.html
?Bay Area employees who are in high-skilled jobs have gotten bountiful
increases in their paychecks, a survey of wages in the nine-county
region by the state's Employment Development Department shows.?
?Employees in the architectural, engineering, health care
practitioner, and business and financial service operations field
captured the biggest gains in wages over a one-year period ending in
the first quarter of 2004.?
?Workers in personal care and services, transportation and materials
moving, and fire fighting faced anemic wages or pay cuts.?
?Wage data analysis shows having skills pays?
http://www.contracostatimes.com/mld/cctimes/9765035.htm
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FDIC Report:
?Job losses slowed in the tech-dependent San Francisco Bay Area, where
nonfarm employment contracted 1 percent year-over-year. However, this
is a significant improvement over two years ago when job losses
amounted to nearly 6 percent. Preliminary data for July 2004 also
indicated slight year-over-year gains for the San Francisco and
Oakland MSAs.?
?Office market vacancy rates showed some signs of improvement over the
past few quarters, although asking rents were generally lowered to
entice new office tenants. Of California?s major office markets,
conditions remained weak in the San Francisco and San Jose MSAs (See
Chart 2). The vacancy rate in these MSAs exceeded the nation, while
the San Francisco and Oakland MSAs experienced further declines in
asking rents. Northern California industrial markets also continued to
report vacancy rates higher than the national average and
year-over-year rent declines.?
?California State Profile - Fall 2004?
http://www.fdic.gov/bank/analytical/stateprofile/SanFrancisco/Ca/CA.xml.html
Link to Employment Numbers in San Francisco
http://www2.fdic.gov/recon/expv_msa.asp?GROUP=0&MSA_CODE=7360&STATE_CODE=06
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Easterangel-ga
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