Protected: Economy – Innovation – Winter 2016
Christine Kohl-Zaugg2020-09-02T23:26:39-05:00This content is password-protected. To view it, please enter the password below. Password:
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Economy: Economic Development and Business Innovation
admin2020-09-02T23:29:44-05:00Why is this Important? [smc-hide] Scientific and technological innovation is the process of continuous improvement, renewal, and change to create more effective processes, treatments, goods, or services. It is a key catalyst for prosperity and human well-being. Through innovation, new ideas like the personal computer, cell phone, drugs to fight cancer, and photovoltaic panels get turned into valuable products that in turn help people live better, more productive lives. San Mateo County is part of two overlapping highly successful regional innovation clusters: Silicon Valley in the South and San Francisco-Berkeley in the North. While Silicon Valley's growth first centered on [...]
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Economy: Employment
admin2020-09-02T23:29:06-05:00Why is this Important? [smc-hide] Job growth expands a community's economy, while employment spread across industries reduces the impacts of a recession. A growing economy with high employment rates leads to increased business investment and generates revenue for local and state governments to fund public services. Rising wages raise the standard of living for workers, which can further accelerate economic growth. High employment rates are good for the overall economy, but on an individual level, employment has many personal benefits. Being employed in a job that pays a living wage not only allows people to support their families, it also [...]