Silicon Valley’s economy trampled Austin, Seattle by billions of dollars during COVID’s first two years

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Silicon Valley’s economy trampled Austin, Seattle by billions of dollars during COVID’s first two years
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New data show that Santa Clara County saw the largest growth in the nation between 2019 and 2021 among areas with more than half a million residents — an eye-popping increase of 19 percent.

Silicon Valley as an economic juggernaut has reigned supreme throughout the pandemic compared to its rivals in the Sunbelt and Pacific Northwest, newly released numbers show.

Though Silicon Valley takes the gold, its challengers are still posting impressive numbers. Coming in second is Austin’s Travis County — an up-and-coming technology hub dubbed the “Silicon Hills” — which grew 14%, from $109 to $129 billion over the same three-year period. Seattle’s King County, home to Microsoft, Amazon and Boeing, grew 13%, from $277 to $328 billion.

Last year’s bounce is second only to San Francisco, which saw a massive rebound from -0.2% to 14%. That’s the largest increase among the country’s 144 large-population counties during this past year, according to the BEA, who attributed it to the city’s finance and insurance industries.

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