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Saturday, February 13, 2010

Silicon Valley takes big steps to boost business - 2/12/10 - San Francisco News - abc7news.com

Silicon Valley takes big steps to boost business - 2/12/10 - San Francisco News - abc7news.com:

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"SAN JOSE, CA (KGO) -- Silicon Valley is planning to hire what some people are calling a secret agent to do 'special ops' -- undercover reconnaissance and intelligence gathering to bolster its competitiveness and to win more federal funding. The special ops person will report to a steering committee made of top Silicon Valley organizations vested in the economic vitality of the region.

Joint Venture: Silicon Valley Network president & CEO Russell Hancock and Silicon Valley Community Foundation CEO Emmett Carson made the announcement Friday morning at their 'State of the Valley' conference at McEnery Convention Center in San Jose.

The two organizations on Wednesday released their annual economic report card, and it pointed out a number of danger signs that the region's innovation engine has stalled. Among the key findings: the number of patents registrations has slipped, venture capital investments have dropped 35 percent and the Valley has seen a 25 percent growth in five years of independent contractors who do not employ anyone."