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ePaper created 2016-08-26, 01:10:59 | version 1.37.00
26 Foster City living!LOCAL™ City Guide Working Trends Foster City is attractive to businesses due to its location, amenities,strong economy and skilled labor force Foster City workers are predominantly employed in management, business, science, and arts occupations as are workers in San Mateo County and the Bay Area overall. But, Foster City has a substantially higher proportion of these jobs than in surrounding areas. According to the Association of Bay Area Governments, Foster City is expected to host 25 percent more jobs in 2040 than it did in 2010. Foster City has a job base of approximately 16,900 and has a sharply lower unemployment rate than San Mateo County or the Bay Area with a rate of only 4.7 percent. Job growth in Foster City is expected to keep pace in coming decades. Under the recently approved Gilead Integrated Campus Master Plan, Pilgrim-Triton Master Plan, and Chess-Hatch Master Plan, a total of 6,100- 7,100 new jobs would be generated according to BAE Urban Economics projections. Foster City is recognized for its close proximity to major transportation centers in the Bay Area such as the San Mateo Bridge, State Route 92, Highway 101 and the San Francisco Airport. Production, transportation & other Worker Occupation Major Employers in Foster City NAME EMPLOYEES PRODUCTS Visa USA, Inc. 4,767 VISA company headquarters Gilead Sciences, Inc. 2,156 Corporate headquarters/biopharma Guidewire Software, Inc. 682 Software development for insurance IBM Corporation 530 Computer and IT consulting Rearden Commerce, Inc. 483 App development for e-commerce Quinstreet, Inc. 286 Computer related services Costco 226 Department store Crowne Plaza Foster City 200 Hotel Acxiom Digital, Inc. 159 Data Management services Adchemy, Inc. 154 Internet services 8% 7% 22% 2% 5% 9% 23% 8% Sources: Foster City Business License Data 2013; BAE, 2013 Major Employers The top ten major employers in Foster City employ roughly 9,600 workers, accounting for half of all workers in the City. Jobs with these firms are predominantly in the high-paying financial services and technology sectors. © Photo by Angela Castillo Photography