East Bay hit hard by recession, poised for comeback

December 2, 2010 1:16:34 PM PST
A new report shows the East Bay took a massive economic hit because of the recession, but could be poised for a major comeback in the next decade.

The report says the median household income in Contra Costa and Alameda counties combined dropped more than $5,000 from 2008 to 2009.

On the positive side, the conditions are right for growth because of the diversity of industries in the region, particularly in the green sector. In fact, the East Bay has produced more green jobs and start-ups than any other Bay Area region.

The report was compiled by the East Bay Economic Development Alliance and the East Bay Community Foundation.


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