MARKET OVERVIEW

• Morgan Hill is a city in Santa Clara County, California, at the southern tip of Silicon Valley, in the San Francisco Bay Area. Morgan Hill’s economy can be defined by its place within Silicon Valley, which characterizes the economy into two main categories: its status as an upscale leisure and residential community for Silicon Valley, which drives Morgan Hill’s real estate, recreation, hospitality, and entertainment industries, and its participation in the high-technology industries of Silicon Valley, which drive Morgan Hill’s technology companies, start-ups, and research and development firms. Morgan Hill is a dining, entertainment, and recreational destination in Silicon Valley as well. The area is home to Michelin-star chefs, luxury hospitality, wineries, nature parks, and the numerous noteworthy events the city hosts, such as the Tour of California.
• The San Jose-Sunnyvale-Santa Clara, California Metropolitan Statistical Area was ranked as the highest performing metropolitan area in the United States, according to the Milken Institute. Notable high-tech companies that are headquartered in Morgan Hill include Anritsu, Flextronics, Velodyne, TenCate Advanced Composites, and the Paramit Corporation. Morgan Hill’s location in southern Silicon Valley makes it very accessible to the numerous, world-renowned universities and institutions located throughout the Silicon Valley/South Bay Area region, including Stanford University, University of California, Berkeley, Santa Clara University, Saint Mary’s College of California, and San Jose State University. The Morgan Hill population has increased by 20 percent since 2010.