| economy economic growth
- The economy of San Mateo County has accelerated in the past
three years and now outpaces the nation, the state, and the rest of the San Francisco Bay
Area. The economy expanded by over 7% in 1996 as measured by the inflation adjusted value
of gross regional product.200
- The availability of venture capital greatly improved the
business climate for San Mateos small and rapidly growing technology-based
industries. This is one of the countys greatest advantages for long-term growth. 201
- The business climate is particularly fertile for firms that
produce high-value products and rely upon high-skill workers for development of their
product. Education levels are above-average and venture capital is readily available.
Access to national and global markets is available through the countys San Francisco
International Airport and via the Bay Areas sea port. 202
- Productivity in San Mateo County is 28% higher than the
national average when measured by the value of total output per worker. It is also
slightly higher than average for the Bay Area. 203
- Export trade is a vital component of San Mateos
economy, yet data available through 1995 show that the dollar volume of exports declined
by 13% between 1994 and 1995. While shipments declined for computers and other industrial
equipment, they rose for electric and electronic equipment as well as scientific and
measuring instruments. 204
- Taxable sales accelerated in fiscal year 1995-1996, finally
responding to the countys stronger economic performance. Sales increased by over 9%
following several years of moribund sales growth. 205
- The cost of doing business in San Mateo County is
approximately 20% higher than the nation. Utility, labor, and tax burdens are all
substantially higher than the national average.206
employment
- Job growth has led to very low unemployment in San Mateo
County. In 1997, the unemployment rate was 2.8% versus 6.2% throughout California. The San
Mateo County rate was lowest among the 58 California counties.207 Furthermore,
in San Mateo County, there are only 3 job seekers for every new job, compared to 7 per job
at the state level. 208
- While San Mateo County as a whole enjoys

a very low unemployment rate, there is substantial diversity in the unemployment rates
among some of the cities in the county. For instance, as of October 1997, Half Moon Bay
and San Carlos showed the lowest unemployment rates, with 1.5% each. By comparison, East
Palo Alto and Daly City had the highest unemployment rates, 6.6% and 3.3%, respectively.209
Job growth in San Mateo County continues to
grow at a healthy rate. Total jobs are expected to rise from 318,350 in 1995 to 363,340 in
2000, with the largest net increases anticipated in business services
(computer and data processing, advertising, personnel supply, equipment rental and
leasing, mailing, reproduction and stenographic services); other services (health
services, legal services, educational services, social services, engineering and
management services, and auto and miscellaneous repair services); and retail trade.
Between 1995 and 2000, jobs in business services are expected to grow a remarkable 44%. On
the other hand, declines are anticipated in government and agricultural jobs. 210
Major industry clusters such as
biotechnology, multimedia/software, and engineering/science are also thriving in
San Mateos environment of high skills and venture capital investment. Each of these
industries is producing jobs at an accelerating pace, well ahead of the rest of the Bay
Area and the nation as a whole.211

Employment growth in the county accelerated
dramatically in 1995 and 1996, reaching over 5% annual growth. Over 30,000 jobs have been
created in San Mateo County since 1993, the last year in which employment suffered a
decline.212

- The 10 largest employers in San Mateo County provide 11.8%
of the countys jobs. United Airlines employed the most people as of March 1997, with
17,699 full-time positions. Even so, 98% of the countys businesses have less than
100 employees. 213
- A total of 46.8% of San Mateo County survey participants in
1998 rate local employment opportunities as "excellent" or "very
good," while 20.4% rate them as "fair" or "poor." Among adults in
households living at or below 185% of the federal poverty threshold, however, 42.5% offer
"fair/poor" evaluations (185% of the federal poverty level is currently $30,433
household income for a family of four). Higher "fair/poor" responses are also
noted among African-American and Coastside residents.214

- Although employment is continuing to expand in San Mateo
County, many jobs that are created require education and/or job skills. Thus, job training
will be increasingly important.215 In the 1998 survey, 32.4% of county adults
reported that they believe they need additional work skills or job training. This
indication rises to 50.3% among those living at or below the 185% federal poverty
threshold. 216

Income
- In San Mateo County, mean household income is projected to
rise from $77,900 in 1995 to $86,800 in 2000. 217
- In 1997, the median income for a family of four in the
county was $64,400.218 See the map on the following page of a geographic
breakout of median income. 219
- Per capita income in San Mateo County in 1996 was $36,845,
higher than the Bay Area ($31,620) and California ($25,144) averages, and 50% higher than
the U.S. average ($24,312). 220

- In 1996, there were 2,527 personal bankruptcy filings in
San Mateo County, up 16.4% from 1995. However, statewide and nationally, bankruptcy
filings were up 27% and 29%, respectively, in 1996. 221
- In comparison to respondents in a similar national survey,
a much greater share of San Mateo County respondents have annual household incomes of
$50,000 and above. 222

- A total of 54.1% of San Mateo County adult survey
respondents rate their current financial situation as "excellent" or "very
good," in terms of being able to afford adequate food and housing and pay the bills
they currently have. Another 30.3% rate their financial situation as "good,"
while 15.7% rate it as "fair" or "poor." Among those living below 185%
poverty, "fair/poor" responses escalate to 61.7%. 223
Compared to a year ago, 38.2% of San Mateo
County survey respondents in 1998 believe that they are "much" or
"somewhat" better off financially. Another 54% say they are doing "about
the same." Only 7.8% feel they are "somewhat" or "much" worse off
financially than a year ago. However, 21.5% of those living below 185% poverty believe
their financial situation has worsened, compared to only 5% of those living at more than
400% poverty. 224
poverty
In 1989 (the latest data available is
through the 1990 U.S. Census), 6.3% of San Mateo County residents lived below the federal poverty
threshold. This is lower than found throughout the Bay Area (9.1%), California (12.5%),
and the U.S. (13.1%).225
- Despite a booming economy, 8% of San Mateo County children
under the age of 14 (9,747 children) live in poverty. This includes 4,250 children aged 5
or younger, and 5,497 children aged 6 though 13. 226
- In 1996, 27% of children were considered to be low-income,
living in families with incomes below $29,000 for a family of four. The 1998 federal
poverty
thresholds are outlined on the following page.227
- Because of the need to move people off welfare and into the
workforce, there will be increased demand for services and facilities that will enable
household heads to enter the labor force. Examples of these services and facilities
include affordable child care, after school activities for older children, and
transportation to job training and/or employment sites. 228
| 1998 Federal Poverty
Level |
| Household Members |
100%
Poverty (Annual $) |
185%
Poverty (Annual $) |
| 1 |
$8,050 |
$14,893 |
| 2 |
$10,850 |
$20,073 |
| 3 |
$13,650 |
$25,253 |
| 4 |
$16,450 |
$30,433 |
| 5 |
$19,250 |
$35,613 |
| 6 |
$22,050 |
$40,793 |
| 7 |
$24,850 |
$45,973 |
| 8 |
$27,650 |
$51,153 |
| 9 |
$30,450 |
$56,333 |
| 10 |
$33,250 |
$61,513 |
| For each additional
member, add: |
$2,800 |
$5,180 |
- For a family of three to maintain self-sufficiency in San
Mateo County, they need to earn a minimum gross annual income of $37,339 (equivalent to
$19.45 per hour), provided they utilize public transit. To maintain self-sufficiency using
a personal vehicle, a family of three needs to earn a minimum gross annual income of
$41,342 (equivalent to $21.53 per hour). 229
Family Income Needed for Self-Sufficiency
(Family of Three) |
| Monthly
Expenditures:
Rent |
$1,200.00 |
Utilities |
$103.00
$11.25
$321.00
$36.00
$314.00
$36.50
$32.50
$120.75
$732.00 |
Telephone |
Food |
Transportation |
Public Transportation |
Personal Vehicle |
Personal Care |
Housekeeping Supplies |
Clothing |
Child Care |
| Total Needed if
Using Public Transportation: |
Net: |
$2,593/month
or $31,116/year |
|
Gross: |
$3,111/month
or$37,339/year or $19.45/hour |
| Total Needed if
Using Personal Vehicle: |
Net: |
$2,871/month
or $34,452/year |
|
Gross: |
$3,445/month
or $41,342/year or $21.53/hour |
- An indicator of the uneven concentration of poverty in San
Mateo County can be found in the geographic distribution of TANF (Temporary Assistance for
Needy Families) caseload. This is described in the following map. As shown, the greatest
caseloads are in North and South County, namely Daly City, Colma, South San Francisco,
Redwood City and East Palo Alto.230

200 Economic Indicators and Outlook:
San Mateo County, California. Economic Vitality Partnership, San Mateo County Economic
Development Association (SAMCEDA). June 1997.
201 Ibid.
202 Ibid.
203 Ibid.
204 Ibid.
205 Ibid.
206 Economic Indicators and Outlook: San Mateo County, California.
Economic Vitality Partnership, San Mateo County Economic Development Association
(SAMCEDA). June 1997.
207 California County Data Book. Children Now. 1997.
208 Ibid.
209 Indicators for a Sustainable San Mateo County: A Report Card of
Our Countys Quality of Life. Sustainable San Mateo County. May 1998.
210 Projections 98. Association of Bay Area Governments.
211 Economic Indicators and Outlook: San Mateo County, California.
Economic Vitality Partnership, San Mateo County Economic Development Association
(SAMCEDA). June 1997.
212 Economic Indicators and Outlook: San Mateo County, California.
Economic Vitality Partnership, San Mateo County Economic Development Association
(SAMCEDA). June 1997.
213 Indicators for a Sustainable San Mateo County: A Report Card of
Our Countys Quality of Life. Sustainable San Mateo County. May 1998.
214 1998 San Mateo County Quality of Life Survey. Healthy
Community Collaborative of San Mateo County. September 1998.
215 Consolidated Housing and Community Development Plan: 1999-2003.
San Mateo County Home Consortium. Adopted by the San Mateo County Board of Supervisors,
April 1998.
216 1998 San Mateo County Quality of Life Survey. Healthy
Community Collaborative of San Mateo County. September 1998.
217 Projections 98. Association of Bay Area Governments.
218 California Department of Social Services, Health and Welfare
Agency, Information Services Bureau.
219 Peninsula Library System. Community Information Program. January
1999.
220 Economic Indicators and Outlook: San Mateo County, California.
Economic Vitality Partnership, San Mateo County Economic Development Association
(SAMCEDA). June 1997.
221 Ibid.
222 1998 San Mateo County Quality of Life Survey. Healthy
Community Collaborative of San Mateo County. September 1998; 1997 PRC National Health
Survey. Professional Research Consultants.
223 Ibid.
224 1998 San Mateo County Quality of Life Survey. Healthy
Community Collaborative of San Mateo County. September 1998.
225 Economic Indicators and Outlook: San Mateo County, California.
Economic Vitality Partnership, San Mateo County Economic Development Association
(SAMCEDA). June 1997.
226 California Child Care Portfolio. California Child Care
Resource & Referral Network. 1997.
227 California County Data Book. Children Now. 1997.
228 Consolidated Housing and Community Development Plan: 1999-2003.
San Mateo County Home Consortium. Adopted by the San Mateo County Board of Supervisors,
April 1998.
229 Review of newspaper-advertised rents; Housing Authority; HUD
Section 8 allowances; Pacific Bell; USDA Thrifty Food Plan; SamTrans; Consumer
Expenditure Survey, U.S. Department of Labor; 1997 Regional Market Rate Survey of
CA Child Care Providers, Child Care Coordinating Council.
230 Peninsula
Library System, Community Information Program. December 1998 |
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