The Tri-Valley is an integral component of the Bay Area economy. Situated on the east side of the San Francisco Bay Area and located within the I-580 gateway corridor, the Tri-Valley is a reference to its location that includes the Amador Valley, Livermore Valley, and San Ramon Valley. The Tri-Valley region encompasses the cities of Dublin, Livermore, and Pleasanton in Alameda County and the Town of Danville and the City of San Ramon in Contra Costa County. With its robust research and development infrastructure and its growing entrepreneurial environment, the Tri-Valley region is no longer just a nice place to live—it has become a vital node in the Bay Area innovation system.
The Tri-Valley’s highly educated residents work throughout the Bay Area. The area’s growing number of businesses and its two national laboratories collaborate with partners across the wider region. But physical constraints impeding the movement of people and goods pose a threat to the Tri-Valley’s ability to maximize its economic contribution to the larger region.
The more connected the Bay Area population is with the multiple job centers in the region, the more flexible the region’s economy can be in connecting skilled workers with appropriate jobs. Investing in the efficient movement of people is especially critical as the region’s housing costs grow and as residents are pushed out of job centers in search of more affordable housing options. Longer commute distances place new burdens on the region’s public transit systems and highways. And the highways linking the Central Valley with the Port of Oakland are becoming more congested as goods movement grows and agricultural exports increase.
Innovation Tri-Valley (ITV) started as a commitment between key business leaders to organize an effort to interconnect the businesses, research labs, educational institutions and civic leaders in a common and aligned vision to fully leverage the assets and potential of the region. The group firmly believes that with a united effort we can accomplish more to help our regional businesses grow and scale, resulting in job growth and community vitality.
The Tri-Valley is endowed with world-class business assets. They include 11 of the top 50 companies by revenue in the entire Bay Area, the #1 largest company in revenue in the Bay Area, a high concentration of Gazelles (fast growing companies), two National Labs, and a workforce and student base that is as well-positioned and accomplished as the talent base in Silicon Valley. We also have a high quality of life, with a vibrant combination of wineries, restaurants, shopping areas, recreational parks and facilities, entertainment venues, and a Mediterranean climate.
The major purpose of the “Innovation Potential in the Tri-Valley” report is to identify and analyze the assets of the five-city California region (Danville, Dublin, Livermore, Pleasanton and San Ramon) in the context of its innovation potential. The report provides a basis for developing the innovation plan for the region. It also provides the background data and analysis for further assessment of the regions potential as an innovation hub. The research was commissioned by the steering committee of the Innovation Tri-Valley Initiative. The steering comitee conducted the research in a relatively short four-week period and prepared this report.