California has overtaken France as the world’s sixth-largest economy, fueled by strong growth and the U.S. dollar’s gains against foreign currencies. The most-populous U.S. state, with a gross domestic product of $2.5 trillion, has also eclipsed recession-plagued Brazil.
Starting next year, San Diego will get its second nonstop flight to a European destination, thanks to an agreement with Condor, a German airline, to fly directly to Frankfurt, Germany. While the flights will not operate year-round, service will be available during the crucial summer season, between May and October.
Further bolstering California’s position as the national leader in job creation, GO-Biz announced that Area Development Magazine has awarded California its first-ever Gold Shovel Award for excellence in economic development and job creation. The state has led the nation in total job creation for two straight years. In 2015, California created more jobs than Florida and Texas combined.
Due in large part to the sky-high valuations of Silicon Valley's technology darlings, San Francisco's start-up scene has been a dominant story line in recent years — and rightfully so. But a powerful ecosystem has emerged in San Diego for entrepreneurs, bolstered by the fact it has developed itself as a center of excellence in biotech and life sciences, mobile technology and aerospace research.
Savvy entrepreneurs will do well to check out one of the following four emerging tech hubs — all of which leverage tech ancestry and a unique combination of socio-economic ingredients to create the ideal environment for startup success. Outside of the usual suspects, San Diego, Los Angeles, Denver and Seattle have all seen best-in-class growth in startup funding.
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