PROJECT OVERVIEW

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The area known as the Tri-Valley, made up of Hacienda, Pleasanton and surrounding communities, has seen an amazing level of growth and development in recent years. In fact, the Tri-Valley is one of a few centers of innovation and entrepreneurship that have emerged within the last decade. This is, in part, due to the considerable resources available to the region; which is why the East Bay, and the Tri-Valley region in particular, is a regular destination for trade delegates.

The emergence of the Tri-Valley as an innovation economy is the  result of key features found in the area. Historically, the Tri-Valley has attracted and cultivated a talented labor pool, sustained over the years by high-quality education available in the area. Recent reports indicate that 43 percent of Tri-Valley residents have a bachelor's degree or higher, compared to the California average of 27 percent and the U.S. average of  24 percent. As an additional testament to the quality of the labor pool the Tri-Valley has a patent filing rate per 100,000 residents that is five times higher than similar areas of the country. The Tri-Valley also boasts assets including attractive investment opportunities for venture capital, a major research institution, a high quality of life, and consistently first-rate infrastructure and amenities.

Source: U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Estimates

Source: U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Estimates


Key demographic traits include:
  • Alameda County, home to the University of California at Berkeley as well as several other fine educational institutions, has an educated population as well. Over 65 percent of residents have attended college.
  • Alameda County's household income figures reflect a broad spectrum of jobs and economic opportunities. Over 65 percent of the population reports household incomes of over $50,000.
  • Nearly 25 percent of Alameda County residents are between the ages of 20 and 34-perfect for meeting the personnel needs of the area's growing businesses.
Source: U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Estimates

Source: U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Estimates


Moreover, the strong relationships with other key institutions in the area, primarily the national Lawrence Livermore Lab, also help to keep the innovation tap flowing. As an example of how innovation is strengthened through these relationships, programs have been developed in the area aimed at strengthening ties with the lab through improved public-private partnerships. This means that the pure research done by the labs can easily flow to the marketplace in the forms of new business and products.

As an emerging innovation economy, supported by a uniquely qualified labor pool and close ties to some of the world’s leading companies, being located within the Tri-Valley is itself a competitive advantage. Simply put, businesses that establish here have the necessary resources as well as the best opportunity to grow.
Source: U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Estimates

Source: Trulia.com, Median Rent Per Month for 1/23/16-2/23/17
Tri-Valley = Danville, Dublin, Livermore, Pleasanton and San Ramon; San Francisco = San Francisco and South San Francisco;
Peninsula = Atherton, Belmont, Brisbane, Burlingame, Colma, Daly City, East Palo Alto, Foster City, Half Moon Bay, Hillsborough, Menlo Park, Millbrae, Pacifica, Portola Valley, Redwood City, San Bruno, San Carlos, San Mateo and Woodside;
Silicon Valley = Campbell, Cupertino, Los Altos, Los Altos Hills, Los Gatos, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Palo Alto, San Jose, Santa Clara, Saratoga and Sunnyvale

Source: Trulia.com, Median Home Sales Price for 11/23/16-2/22/17
Tri-Valley = Danville, Dublin, Livermore, Pleasanton and San Ramon; San Francisco = San Francisco and South San Francisco;
Peninsula = Atherton, Belmont, Brisbane, Burlingame, Colma, Daly City, East Palo Alto, Foster City, Half Moon Bay, Hillsborough, Menlo Park, Millbrae, Pacifica, Portola Valley, Redwood City, San Bruno, San Carlos, San Mateo and Woodside;
Silicon Valley = Campbell, Cupertino, Los Altos, Los Altos Hills, Los Gatos, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Palo Alto, San Jose, Santa Clara, Saratoga and Sunnyvale