Tech economy is booming with no bubble burst in sight

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Silicon Valley’s economy is booming, according to the Silicon Valley Index, an annual analysis of the region’s job creation, growth rate, earnings and capital investments. And, in comforting news for investors, it shows no signs of slowing down.

The index found that in 2014, the region created nearly 58,000 new jobs, yielding average annual earnings of $116,000, venture capital investments were higher than any other year since 2000, and more than 16 million square feet of new commercial building space was approved. More importantly, the organization behind the index, Joint Venture, said Silicon Valley’s current growth bears little resemblance to the tech boom of the late 1990s. “We’re not experiencing a spike like we did in the first tech boom,” said Joint Ventures Director and Chief Executive Russell Hancock. “We’ve grown into this year after year since 2010. We’ve experienced steady incremental growth.”


Tech economy is booming with no bubble burst in sight