Tuesday, March 26, 2013

Joint Venture Index of Silicon Valley 2013

The 2013 Silicon Valley Index has arrived and always brings with it some interesting statistics related to our region. Here are a few of my favorite bits from the report:
  • Silicon valley is adding jobs faster than it has in more than a decade and in a faster rate than the rest of California and the Nation. In the last year, Silicon Valley has gained 42,360 jobs.
  • Regional unemployment is down to 7%, and has also declined across all ethnicity groups.
  • In 2011, 64% of Silicon Valley professionals with higher education working in science/engineering fields were born outside the US (the national average is 26%).
  • Transit ridership increased by 1.3% in 2012.
  • Average housing rents hit a historic high of $1,966.
  • Foreclosures declined 41% between the first half of 2011 and the first half of 2012.
  • Silicon Valley reached a five-year high of 17 IPOs in 2012, representing 52% of all statewide IPOs and 15% of all national IPOs.
  • 48% of all patents in the state and 12.5% of all patents in the country come from Silicon Valley.
  • The percentage of kids enrolled in preschool hit 46% in Silicon Valley, compared to 37% in California and 40% for the United States as a whole.
  • Since 1998, Silicon Valley's daily per capita waste disposal has fallen by 42% greatly outpacing the nation and state. Per capita energy consumption has also dropped by 2.5%.
  • Overall solar installations have increased 14% in 2012 over 2011.
  • 82% of all new housing units approved in 2012 were within 1/3 mile of a major transit station.

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