Silicon Valley has faced tough times before. But climbing out of its current downturn may prove more challenging than ever, says a new report.
Hit by the recession, overseas competition, and political gridlock in California, Silicon Valley--a region virtually synonymous with the high-tech industry--has lost its competitive edge and appeal, according to the "2010 Silicon Valley Index" (PDF) released Thursday by Joint Venture: Silicon Valley Network and the Silicon Valley Community Foundation. As a result, the region has been less able to attract and retain talented workers, leaving it at a standstill with recovery uncertain.
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