The Bay Area Council Economic Institute serves one of the
world’s most innovative, competitive and diverse regional economies. The success
of the Bay Area economy is built on an unparalleled culture of entrepreneurship.
The Bay Area competes strongly in national and international markets as a
knowledge-based, innovation-led economy.

Global & National Competitiveness

With an economy of almost $300 billion, the Bay Area ranks 24th in
the world when compared to national economies. On a per capita basis, it ranks
ahead of all national economies, including the U.S. The region is at the cutting
edge of global technology, and is a leader in many key indicators of regional,
global and national competitiveness, including:

• The nation’s largest concentration of national
  laboratories, corporate and independent research laboratories, and leading
  research universities;
• The largest number of top-ten ranked graduate programs in
  business, law, medicine and engineering in the nation;
• The highest density of venture capital firms in the world, with
  32% of total U.S. venture capital funding invested in the region;
• More Fortune 500 companies than any region except
  New York;
• The highest internet penetration of any U.S. region;
• The highest level of patent generation in the nation, with more
  patents generated per employee than any other major metropolitan area;
• The most highly educated workforce in the nation, with the
  highest percentage of residents with graduate and professional degrees;
• A leading position in global trade, with exports larger than
  all but one U.S. state;
• The highest economic productivity in the nation—almost twice
  the U.S. average.

Nine-County Region

The nine-county Bay Area embraces San Francisco, Marin, Napa,
Sonoma,Solano, Contra Costa, Alameda, Santa Clara and San Mateo Counties, and is
the only region in the nation claiming three major cities—San Francisco,
Oakland and San Jose—as well as the high technology center of Silicon Valley,
and the heart of Northern California’s wine country.

With a market of more than six million residents, the
Bay Area is California’s second largest and the nation’s fourth largest
metropolitan region.