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February 5, 2014
SAN JOSE, Calif. (AP) — Jobs, income and investment keep soaring in Silicon Valley, but the growth is also driving up housing costs and widening the gap between the rich and poor, a report released Tuesday says.
“The economy is sizzling any way you slice it and it's about to get hotter, but having said that, we are quick to point out there are perils with our prosperity,” said Russell Hancock, president of Joint Venture Silicon Valley, which released its annual Silicon Valley Index in conjunction with the philanthropic Silicon Valley Community Foundation.
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