Study Reveals Tri-Valley as a Leader in the San Francisco Bay Area Economic Recovery

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– In a time when the economic recovery of the U.S. is being tested and many are waiting to see how President Obama’s agenda for supporting small business will be assisted by Congress, the Innovation Tri-Valley organization commissioned Bedrock Dissero to conduct an accelerated assessment and planning effort to spark new growth in the Tri-Valley Region, a region in the East Bay that includes the cities of Danville, Dublin, Livermore, Pleasanton and San Ramon. An assessment of the Innovation Potential in the Tri-Valley report reveals an extraordinary opportunity for the region to become an innovation hub of global significance. The Innovation Tri-Valley initiative is demonstrating a model that encourages business and job growth via the collaborative efforts of key stakeholders in the region.

"I can’t think of a more important transformation right now than to jump-start the economic engine in key regions across the U.S."

In a time when the economic recovery of the U.S. is being tested and many are waiting to see how President Obama’s agenda for supporting small business will be assisted by Congress, the Innovation Tri-Valley organization commissioned Bedrock Dissero to conduct an accelerated assessment and planning effort to spark new growth in the Tri-Valley Region, a region in the East Bay that includes the cities of Danville, Dublin, Livermore, Pleasanton and San Ramon. An assessment of the Innovation Potential in the Tri-Valley report reveals an extraordinary opportunity for the region to become an innovation hub of global significance. The Innovation Tri-Valley initiative is demonstrating a model that encourages business and job growth via the collaborative efforts of key stakeholders in the region.

“This report shows an astounding strength of regional assets, that if leveraged effectively, will enable this region to become a globally recognized innovation hub and the best place for businesses to flourish and expand,” said Marty Beard, the leader of the Innovation Tri-Valley initiative and President of Sybase 365, a subsidiary of Sybase, Inc. On July 22, 2010, the Innovation Tri-Valley initiative was announced at the second annual Innovation Forum, organized by the Livermore Chamber of Commerce. At this regional event including over 300 executives of Tri-Valley organizations spanning business, educational, civic and non-profit leaders, the results of the report were shared and included key highlights about the Tri-Valley region:

  •     Home to the headquarters of the largest company in the greater San Francisco Bay Area, Chevron (and 11th largest in the world)
  •     The only region in the U.S. with two national laboratories, Lawrence Livermore National Laboratory and Sandia National Laboratories, conducting leading edge research and development work
  •     Level of education in the workforce that is on par with the most advanced innovation hubs in the U.S.
  •     12.9 times the national average for high growth (Gazelle) companies on a per capita basis
  •     Diverse range of market leading companies in energy, clean-tech, software, wireless communications and robotics

The Innovation Tri-Valley organization is a collaboration of business, educational and civic leaders who are personally committed to establishing a shared vision of success that includes job growth, a sustainable economy and community vitality. Unlike traditional economic development approaches, this group has been started as a grass-roots effort, but also led by major corporate and organizational leaders who are personally involved in the effort. “Applying our accelerated process for leaders to establish a common vision, engage a diverse group of people in defining highly focused initiatives and aligning the resources of a broad system to create high impact, turned out to be a great application of our transformation process. I can’t think of a more important transformation right now than to jump-start the economic engine in key regions across the U.S.,” said Michael Kanazawa, CEO of Bedrock Dissero and author of “BIG Ideas to BIG Results (FT Press / Pearson Hall, 2008).”

Tapan Munroe, a global thought leader on innovation hubs, collaborated with the Bedrock Dissero team in leveraging the Ecology of Innovation model highlighted in his book, “What Makes Silicon Valley Tick?” (Nova Vista Publishing, 2009). Dr. Munroe described the fact that, “for the economic recovery to gain momentum, we need to focus on encouraging start-ups as well as scaling-up businesses that create high value jobs.” His model, which has been applied in U.S. and international innovation hubs, views success as an ecosystem of elements including research, business, education, and culture that all must be healthy and in support of each other for a region to reach the goals of a sustainable economy and vibrant community that are the focus of the Innovation Tri-Valley initiative.

The competitiveness of the U.S. has been rooted in a determination to innovate new approaches each time market conditions shift. The Innovation Tri-Valley organization is approaching economic development efforts in a new and highly effective way. “What we have discovered so far is that we have the talent, ideas and now the collaboration and connectivity that can give us the competitive advantage as an innovation hub,” said Dale Kaye, CEO of the Livermore Chamber of Commerce (organizer of the Innovation Forum), head of the Tri-Valley film commission and a key leader in the Innovation Tri-Valley effort. At the formal launch of the Innovation Tri-Valley organization, Marty Beard encouraged the group of 300 leaders by saying, “What we are doing in the Tri-Valley may very well be defining a new model for regions around the U.S. to get moving again as leaders in innovation. It is not only an opportunity to leverage the tremendous assets we have, but also a need and an obligation as leaders to do this for our companies and for our country.”

Bedrock Dissero, the management consulting arm of Bedrock Media, Inc., is based in Oakland, California and specializes in strategy development and accelerating organizational transformations.

Contact:
Michael Dare
mdare(at)bedrockdissero(dot)com
(888) 722-1852

NOTE TO EDITORS:
The Innovation Potential in the Tri-Valley report, and the Innovation Plan 2010 are available online at:
http://www.innovationtrivalley.org/index.php/downloads

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