Sunday 6:13pm
September 21, 2014
Currently 83°F
Posted: Tuesday, February 4th 2014 at 2:26pm

Silicon Valley economy back at dot-com era levels

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
SAN JOSE, Calif. (AP) -- A new report shows Silicon Valley is booming with higher jobs and income. But soaring housing costs are driving a larger wedge between the region's rich and poor.

The region added nearly 47,000 jobs in 2013, up 3 percent over the previous year. Forty-five percent of households now earn more than $100,000.

However, Silicon Valley Community Foundation president Emmett Carson says not everyone is benefiting.

He sees a growing divide between rich and poor that is driven by an overwhelming demand for housing. Last year, the region gained more than 33,000 new residents but only 6,500 new homes.
Associated Categories: National News, Business News, Local/State News

© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.036878
icon
83°F
Gainesville, GA 30501
Clear
Wind: WSW 12 mph
Dew point: 62°F