2011 Index of Silicon Valley - Silicon Valley Community Foundation

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Talent Flows and Diversity Silicon Valley’s population growth is slowing, and educational attainment is improving unevenly across racial and ethnic groups. PEOPLE WHY IS THIS IMPORTANT Silicon Valley’s most important asset is its people. They drive the economy and shape the quality of life of the region. We examine population growth as a function of migration (immigration and emigration) and natural population change (the difference between the number of births and number of deaths). The Valley is a knowledge economy, so our success depends on the talent of our population. The number of science and engineering degrees awarded regionally helps to gauge how well Silicon Valley is preparing talent for our driving, export-oriented industries. A local workforce equipped with strong skills is a valuable resource for generating new ideas and innovative products and services. The region has benefited significantly from the entrepreneurial spirit of people drawn to Silicon Valley from around the country and around the world. In particular, immigrant entrepreneurs have contributed considerably to innovation and job creation in the region. 1 Traditionally, the region’s universities have served as the primary port of entry of foreign talent. Examining the continued flows of foreign graduates from our universities indicates to what degree our region remains a global magnet for talent. Maintaining and increasing these flows vastly improves the region’s potential for closer integration with other innovative regions and thereby bolsters its global competitiveness. HOW ARE WE DOING Expanding one percent in 2010, Silicon Valley's population continues to grow but at a slower pace. Typically consistent, natural population change (births minus deaths) has slowed the last two years and dropped eight percent from 2009 to 2010. Net migration dropped by half in 2010. Over the last decade, migration flows have been characterized by domestic out-flows and foreign inflows. In 2009, foreign in-migration dropped by 40 percent to the lowest level in the decade and remained unchanged in 2010. Educational attainment across all racial and ethnic groups is significantly higher in Silicon Valley than California as a whole. However, while improvements have been steady statewide, progress in the region varies by racial and ethnic group. The percentage of Blacks with a four-year degree or more jumped 13 percent from 2001 to 2005 but dropped three percent in 2009. For Hispanics and people associating with multiple groups, the percentage with a higher degree has declined since 2005. The number of science and engineering (S&E) degrees conferred in 2009 increased 2.3 percent in Silicon Valley and 1.2 percent nationally. By gender, the percentage of S&E degrees conferred to women has increased five percent since 1997 but held steady in recent years. After peaking at 18.4 percent in 2003, S&E degrees conferred by universities in the broader region to foreign students had been on the decline until 2008. Trends vary significantly between undergraduate and graduate degrees. While undergraduates have continued to decline, graduate degrees conferred to foreign students in S&E disciplines grew by two percent in 2008 and held steady at 36 percent in 2009. Foreign students represent 35 percent of graduate and five percent of undergraduate degrees. 1 AnnaLee Saxenian. 2002. Local and Global Networks of Immigrant Professionals in Silicon Valley. San Francisco: Public Policy Institute of California. See also, S. Anderson & M. Platzer. 2006. “American Made. The Impact of Immigrant Entrepreneurs and Professionals on U.S Competitiveness.” National Venture Capital Association. Population Change Components of Population Change Santa Clara & San Mateo Counties 50,000 40,000 30,000 20,000 People 10,000 0 -10,000 -20,000 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 * 2010 Natural Change * Provisional population estimates for 2010 Data Source: California Department of Finance Analysis: Collaborative Economics Net Migration Net Change 12
40,000 Net Migration Flows Foreign and Domestic Migration Santa Clara & San Mateo Counties About the 2011 Index | 01 Map of Silicon Valley 02 | Table of Contents | 03 Index 2011 Highlights 04 | 05 Index at a Glance 06 | 07 Special Analysis 08 | 11 30,000 20,000 10,000 Talent Flows and Diversity 12–15 PEOPLE People 0 -10,000 ECONOMY 16 | 31 -20,000 -30,000 -40,000 * 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Net Foreign Immigration Net Domestic Migration Net Migration SOCIETY 32 | 43 * Provisional population estimates for 2010 Data Source: California Department of Finance Analysis: Collaborative Economics Educational Attainment Percentage of Adults with a Bachelor’s Degree or Higher by Ethnicity Santa Clara & San Mateo Counties, California 60% 50% 40% PLACE 44 | 57 30% 20% 10% 0% Hispanic Multiple and Other Black White Asian Hispanic Multiple and Other Santa Clara & San Mateo Counties Black White Asian California 2001 2005 2009 Note: Categories Black, White and Asian are non-Hispanic Data Sources: U.S. Census Bureau, American Community Survey Analysis: Collaborative Economics Special Analysis cont. 58 | 67 Appendices 68 | 72 Acknowledgments | 73 Educational Attainment by Ethnicity in 2009 Hispanic Multiple Black White Asian and Other Santa Clara & San Mateo Counties 14% 15% 28% 51% 57% California 10% 11% 21% 39% 48% 13
Page 1 and 2: i n d e x OF SILICON VALLEY 2011 PE
Page 3 and 4: ABOUT THE 2011 SILICON VALLEY INDEX
Page 5 and 6: TABLE OF CONTENTS 2011 INDEX HIGHLI
Page 7 and 8: Attracting talent from abroad is im
Page 9 and 10: SOCIETY Educational and health outc
Page 11 and 12: Special Analysis The Crisis in Loca
Page 13: Silicon Valley’s experience has m
Page 17 and 18: Science & Engineering Degrees Confe
Page 19 and 20: MY Employment Total Employed Reside
Page 21 and 22: MY Total Number of Jobs in Employme
Page 23 and 24: MY 12,000 10,000 Patent Registratio
Page 25 and 26: MY Billions of Dollars Invested (In
Page 27 and 28: MY 0.5% 0.4% Percent of Population
Page 29 and 30: MY 100% 90% 80% Percentage of Nonem
Page 31 and 32: MY Per Capita Income (Inflation Adj
Page 33 and 34: MY Perfect Income Inequality = Gini
Page 35 and 36: Percentage of Eighth Graders Tested
Page 37 and 38: 50% 45% 40% Percent of Students Rec
Page 39 and 40: Vibrant Nightlife San Jose-Sunnyval
Page 41 and 42: Percentage of Population with Healt
Page 43 and 44: Teen Births Teen Births per 1,000 F
Page 45 and 46: Number of Drug and Alcohol Rehabili
Page 47 and 48: Per Capita Water Consumption % Chan
Page 49 and 50: Fuel Consumption per Capita San Mat
Page 51 and 52: About the 2011 Index | 01 Map of Si
Page 53 and 54: 80% 70% 60% 50% Housing Near Transi
Page 55 and 56: Average Rent (Inflation Adjusted) A
Page 57 and 58: 10,000 9,000 8,000 7,000 6,000 5,00
Page 59 and 60: $9 8 Commercial Rents Annual Averag
Page 61 and 62: Figure 2-2 $4.0 City Revenue Aggreg
Page 63 and 64: These trends indicate that all majo
Page 65 and 66:
Trends in County Revenue and Expend
Page 67 and 68:
County Expenditures In terms of cou
Page 69 and 70:
Based on San Mateo County June 2010
Page 71 and 72:
Establishment Churn The National Es
Page 73 and 74:
Time Required for Permitting of Ren
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ACKNOWLEDGMENTS Special thanks to t
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2011 Index of Silicon Valley - Silicon Valley Community Foundation

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