City's tech sector still going strong
City's tech sector still going strong
Since 2003, The City has doubled the number of high-tech computer jobs, from 8,000 to more than 16,000, according to the San Francisco Center for Economic Development, which works to promote economic and business development in The City. In addition, city economists estimate there are now 2,750 jobs in the life-sciences industry, up from 500 in 2004.
Venture-capital dollars continued to pour into San Francisco’s innovation economy amid the nation’s historic recession. In the first quarter of 2010, more than $260 million went toward the software and computer industry across the Bay Area, while biotech scored $190 million, both the highest figures in the country, according to the Economic Development Center.