The Bay Area-Silicon Valley Summit convened top leaders including Governor Gavin Newsom and local mayors to discuss major challenges such as crime, drugs, and homelessness. Leaders expressed optimism about future developments, with San Francisco reporting a significant increase in hotel bookings and San Jose anticipating thousands of new housing units due to an A.I. boom. Governor Newsom emphasized California's economic strength, noting its position as the 4th largest economy and a leader in manufacturing, while highlighting a trend of residents returning to the state.
We are a city on the rise. Moscone is being booked at higher rates, 50% more room bookings this year than last year.
Expecting to see over 2,000 units of multi-family market rate housing break ground this year. We're seeing incredible growth and energy around this A.I. revolution.
California continues to dominate in every industry... it is the largest manufacturing state in America by 41% margin.
People who left the state are coming back.
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