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San Francisco - Global inspiration. Local innovation.

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San Francisco - Global inspiration. Local innovation.

San Francisco is the innovation capital of the world. Nearly 100 years after William Howard Taft dubbed it “The City That Knows How,” San Francisco is still one of the most innovative, enterprising and intelligent cities in the world. Its unique combination of geographical beauty and dynamic, creative environment draws the brightest minds from all over the world; 70% of San Franciscans over 18 have received training beyond high school, and nearly 50% speak a language other than English. The result is an unmatched natural and cultural diversity that continues to contribute to the forward-thinking, open-minded atmosphere for which the City is famous.

What’s more: the City of San Francisco has been consistently ranked as the “Best City in the U.S.” and the business world tends to agree; throughout its history, San Francisco has attracted entrepreneurs from around the world and is home to some of the most highly regarded businesses. In this section, you’ll learn more about what it’s like to do business in one of the most desirable destinations in the world—and how San Francisco’s City government can be an efficient, effective partner throughout the process. 

THRIVING BUSINESS HUB FOSTERS LOCAL INNOVATION

With an enviable waterfront location halfway between London and Tokyo, San Francisco has long been at the center of global business. Supported by access to the largest venture capital investment community in the United States, world-class business services and the most educated, diverse workforce of any major city, San Francisco’s vibrant economy supports a number of thriving sectors. From enterprising start-ups to established leaders, San Francisco is a worldwide hub for cutting-edge businesses in the biotech, high tech/digital media, clean technology, financial services, international business, professional services, hospitality and retail industries.

And it didn’t happen overnight. Throughout history, San Francisco has been at the heart of a region that has conceived and nurtured entire industries—many led by companies still headquartered here today. San Francisco has also welcomed tens of thousands of smaller businesses...nimble, forward thinking companies that are the foundation of the City’s economic vitality.

Cities of Opportunity Benchmark 2011 Comparative Advantages Benchmark to the Attractivenss for Investments and Talent of Cities

In his book Triumph of the City, Edward Glaeser writes how Cities - what he calls our greatest invention - makes us richer, smarter, greener, healthier, and happier. Working with PwC we provide a comparative advantages benchmark of 26 global Metropolitan Cities to find which Cities are thriving and what business environment characteristics distinguish them in the global economy.

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Cities of Opportunity benchmark

By PwC from their Cities of Opportunity project. The more cities change, the more forward-looking perspective matters.

The notion of the city has come a long way. But the heart of what a city is remains the same: people drawn together, today in everincreasing densities and numbers, to work as a community.

Cities of Opportunity is dedicated to understanding what makes urban dynamics work, and communicating what we learn to government officials, policymakers, businesspersons, scholars and citizens mutually invested in the success of their city or cities.

This marks our fourth study. Like cities themselves, we keep evolving. Cities of Opportunity 2011 includes more cities, greater analysis and deeper exploration of core issues. This year we compare 26 cities—with San Francisco, Berlin, Madrid, Moscow, Istanbul and Abu Dhabi joining and Houston rejoining. We also look closely at a few of the challenges that are most pressing at the moment—regional management, education, sustainability, density, transportation and preservation.

It is not a coincidence that images of innovative and historic libraries (in Seattle and Stockholm) begin and end the interviews in our study. Nor is the focus on transportation, energy, environment, housing and health that weaves throughout. Both tangible and intangible—physical and intellectual capital — have to be in balance for modern cities to enjoy healthy growth. Minds spur innovation; roads, rails, communications networks, schools and hospitals lay the groundwork on which new ideas can grow. In an ideal world, prosperity follows. But, as we all know, progress toward any ideal requires day-today work. This PcC study represents our part in the effort.

About this analyses

Cities are front and center in the mindset of foreign investors (FDI) and economic developers. Global Metropolitan Cities are spearheading the emergence of growth opportunities. Cities provide and shape the business environment in which growth opportunities emerge on a sustainable platform for business development for both local and international companies.

PwC selected 26 Cities for their Index governed by three key factors. First, capital market centers making them a vital part of a globalizing economy. Second, broad geographic sampling to assure representative international distribution and; third, 16 cities from mature and 10 from emerging economies.


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Clusters

  • San Francisco Carbon Business Cluster San Francisco Carbon Business Cluster

     

    • Region
      • California
    • City
      • San Francisco
    • Sector
      • Alternative energy
      • Cleantech
    • Location type
      • Cluster
    • Cluster
      • ICT-cluster

About us

City of San Francisco

Office of Economic and Workforce Development, City Hall, Room 448, 1 Dr. Carlton B. Goodlett Place, San Francisco, CA 94102, United States of America.

The Office of Economic and Workforce Development's (OEWD) mission is simple – we support the ongoing economic vitality of San Francisco. Under the direction of Mayor Edwin M. Lee, OEWD provides city-wide leadership for workforce development, business attraction and retention, neighborhood commercial revitalization, international business and development planning.

OEWD’s programs are responsible for strengthening San Francisco’s many diverse neighborhoods and commercial corridors, creating a business climate where companies can grow and prosper, and ensuring a continually high quality of life for all San Franciscans.

By providing one point of contact for a variety of essential City programs and services, OEWD’s goal is to ensure that San Francisco will always be what it is today: one of the best places on the planet to live, work and play.

Phone: +1 415.554.6969
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