Sector Data
- The Professional Services sector is an integral part of the San Francisco economy, making up 40% of all businesses.
- Securities and investment firms as well as legal services firms dominate San Francisco's professional workforce. Securities and investment firms in particular have a high employment concentration.
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The City hosts some of the country's largest banks, including Wells Fargo and Bank of America. It is home to the Federal Reserve Bank and the Pacific Stock Exchange.
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In general, San Francisco's strong financial services economy leads many to consider it the financial capital of the West Coast.
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The area has twice the national average concentration of high value-added service companies, employing more than 260,000 professionals.
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The area has the highest density of venture capital firms in the world, receiving 33% of nationwide venture funding.
- The region’s professional services sector draws off the Bay Area’s wealth of top-ranked universities and graduate programs.