February 2012 - Silicon Valley’s innovation engine is driving a recovery that leads the nation, but the persistent public sector fiscal crisis and other factors are slowing widespread economic gains, according to the 2012 Silicon Valley Index released today by Joint Venture Silicon Valley and Silicon Valley Community Foundation.
The comprehensive yearly study on the economic strength and overall health of Silicon Valley indicates the region that was the last to succumb to the recession now appears to be the first to emerge, paced by tech sector growth that is spawning new companies and creating jobs. Yet these narrow gains, the drag on public finance and housing and the constraints of Proposition 13 are keeping most residents from benefiting.
