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The economy of the State of California is the largest in the United States, with a $4.080 trillion gross state product (GSP) as of 2024. [1] It is the largest sub-national economy in the world.
Archived from the original (PDF) on October 1, 2011 "Economic Strategy Panel. California's Economic Regions". California Labor and Workforce Development Agency. Archived from the original on 2011-06-27 "Economic Strategy Panel". California Labor and Workforce Development Agency.
This list includes extant businesses formerly located in the Bay Area, which have moved, or been bought out by other companies and had their headquarters relocated. With the booming tech industry in San Francisco, businesses face a lot of pressure to keep up with the surge of new companies.
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The US Forest Service administers 20 million acres or approximately one-fifth of California's landscape. Sierra Pacific Industries, based in Redding, California, owns and manages roughly 1.4 million acres (5,700 km 2) of forestland in California, making it the largest private forest owner in the state.
Prior to 1970, most Northern California lawyers were based in San Francisco, especially the experienced patent attorneys whom the high-tech industry needed to protect its intellectual property. During the 1970s, lawyers began to follow venture capitalists down the Peninsula to serve the booming high-tech industry in Silicon Valley. [55]
The additional California oil fields—along with booming oil supplies in Texas from Spindletop—resulted in another surplus of oil reaching the market, again impacting the price of the commodity. With the accelerated oil drillings, the price of oil in the 1920s fell from $28 per barrel to below $10 per barrel. [ 18 ]
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