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Article: High Cost of Living Threatens the Bay Area's Competitive Edge; Bay Area Economic Forum's New Report Examines the Region's Economic Profile.
- Article from:
- PR Newswire
- Article date:
- January 14, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO, Jan. 14 /PRNewswire/ -- While the Bay Area's economic fundamentals remain solid after the dot-com crash, the high cost of living threatens the region's competitive edge, the Bay Area Economic Forum said in a new report released today.
The report, "Downturn and Recovery: Restoring Prosperity," is the fourth in a series of Bay Area economic profiles released bi-annually by the Bay Area Economic Forum -- a partnership of the Bay Area Council and the Association of Bay Area Governments. According to its findings, the region has kept its preeminence as a knowledge-based, innovation-led economy, despite sharp declines in employment, venture capital ...