As the industry becomes more competitive with some companies moving to other states, experts say the strengths California has to offer technology will keep it as a tech capital.
“The history of modern California is one of risk takers,” said San Jose Mayor Sam Liccardo. “They were trailblazers who tried what no one else was willing to try. Technology has been a breadbasket here in Silicon Valley and really all over the state of California. You can find the biggest ones. brands around the world, from Google and Apple, to Facebook, to Cisco and the new companies that are growing and growing rapidly. “
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One of these new companies is based in Southern California.
Galora Sharing is a way for neighbors to share homemade or locally grown food products and share them with their neighbors.
The founder said California has contributed to the success of his business.
“You don’t need to be part of the startup fraternity anymore,” said Ryan Xavier, CEO and founder of Galora. “There’s something about California that’s a little bit bigger. They’re really trying to open up all the amazing resources here. Our website has given people a way to not only meet other people, but to put together. food on the table in less costly way and doing something positive. I think California was the right place for that. I think there is something very idealistic about what we do and that is something that taps into that Californian dream. Everyone in California is hoping to do something bigger, something more impactful for their life. People are moving here, because of all the opportunities, because of all the potential of success and to be able to achieve their career goals. “
“We have attracted people from across the country and around the world who want to be very successful, the venture capital industry, and these things have really made this center the center of innovation in the world and we are trying to protect that. “Said Jim Wunderman, CEO of the Bay Area Council.” I don’t think at all that we have lost the distinction of being the world leader in innovation. But I think the landscape is a lot more competitive now. “
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In December alone, Silicon Valley saw the loss of Hewlett Packard Enterprises, which moved its headquarters to Houston. Oracle was also one of many Bay Area companies to leave the state in 2020. Elon Musk said he’s moving from California to Texas because “California takes innovators for granted.”
But experts believe that all is not falling apart for technology in California.
“The story of the tech brain drain is probably a bit of an exaggeration and in some ways it’s underestimated,” Liccardo said. “It’s overkill, because I was talking to tech leaders every day who were like, ‘Look, we’re not going anywhere more than ever.’ It’s underestimated in the sense that it’s been going on for quite some time. Over the past two decades, Intel has employed significantly more residents in Oregon than in California. “
When it comes to solutions, experts say California needs to make sure tech companies can employ and keep staff here so innovative people stay in the Golden State.
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“Housing is a very big function of that,” said Wunderman. “It is so expensive for companies to attract and retain talent here, especially since the median price is so high compared to other parts of the country. Google and Facebook are good examples, Apple, they drew a large part of their resources from their treasuries in affordable housing. In fact, they put their money where they want it. But I don’t know if we’ve seen this in another part of the country. We solve the problems. at the end of the day im very confident that we will be working our way through this and a lot of people who may have made their way to texas at one point for example i wonder if they are not already on the way home. “
“The great threat to the future of our state is not that billionaires can move to other states or that industries choose to expand around the world,” Liccardo said. “The big threat to California is that innovative people will no longer pitch the next big idea in a garage here in California. Silicon Valley and California will continue to be the place where technology evolves. There is a lot that can be done to create a more affordable environment. California, where people can keep coming from all over the world to be able to pitch their next big idea, to be able to work and struggle and make the California dream come true. “
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