Bridge Bank Sponsors Ninth Annual Economic Summit at San José State University
San Jose, Calif. - June 7, 2019
Bridge Bank was the presenting sponsor of the Ninth Annual Economic Summit, held Thursday, May 30th at San José State University. The annual event, which draws local business leaders from around Silicon Valley and The Bay Area, saw record-high attendance this year. The event featured a panel discussion led by Dr. Christopher Thornberg, founding partner of Beacon Economics. Dr. Thornberg provided an analysis and forecast on the economic landscape of Silicon Valley. He was joined by Rep. Zoe Lofgren.
“It’s been our pleasure to have worked with the faculty and staff of San José State University for the past nine years,” said Tim Boothe, president of Bridge Bank. “We’re proud to be a part of this educational event and to contribute to the continued success of entrepreneurial spirit in Silicon Valley.”
A Regional Intelligence Report was released in conjunction with the event. Key findings in the report include:
- Nonfarm employment in the South Bay grew 2.4% year-over-year in January, outpacing every other California metro area
- VC investment in the South Bay had a banner year in 2018, totaling $10.4 billion, the highest since 2014’s $11.2 billion
- California’s economy grew 3.5% year-to-date through the first three quarters of 2018
- The national economy had one of its best years in 2018, growing 2.9% in real terms, the best year-over-year growth since 2015
For more information, download the full Regional Intelligence Report.
Bridge Bank, a division of Western Alliance Bank, Member FDIC, helps business clients realize their ambitions. Founded in 2001 in Silicon Valley, Bridge Bank offers a better way to bank for small-market and middle-market businesses across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank delivers a broad scope of financial solutions including capital, equipment and working capital credit facilities, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans, ESOP finance and a full line of international products and services. Based in San Jose, Bridge Bank has 16 offices in major markets across the country along with Western Alliance Bank’s powerful array of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation. One of the country’s top-performing banking companies, Western Alliance has ranked in the top 10 on the Forbes “Best Banks in America” list for five consecutive years, 2016-2020, and was named #1 best-performing of the 50 largest public U.S. banks for 2019 by S&P Global Market Intelligence.