San Francisco’s growth of innovation in the Bay Area is mostly compared to New York with charts about metros, communication technology (or ICT) and non-ICT. This article illustrates how innovation is even more concentrated in the Bay Area than ever before.
There is great concern that innovation in the United States is waning, and that the country has entered into a period of prolonged secular stagnation. While innovation across America has increased at a relatively slow pace since the mid-1970s, it has seen spectacular growth in the San Francisco Bay Area.
That’s the big takeaway from a new study, which looks at the changing geography of innovation across the U.S. over the past four decades.
Read more: CityLab San Francisco’s Increasing Dominance Over U.S. Innovation