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Introduction At Mirador, our interest in investing in the Tri - Valley began more than a decade ago as we witnessed companies located in our backyard repeatedly experience remarkable success without garnering much attention from Wall Street. In 2015, we formed an index comprised of public companies headquartered in the Tri - Valley to quantify our theory and found that it would have more than doubled the performance of the S&P 50o annually over prior ten years., This exceptional growth has only accelerated since the Mirador Tri -Valley Index (MTVX) was formed, with Tri -Valley public company growth tripling the S&P Soo annually since 2015, 2018 was an exceptional year for the Tri - Valley. The region's population grew by 2.2% from 2017-2018,2 more than doubling the growth of Silicon Valley, San Francisco and the Bay Area as a whole. Public Companies headquartered in the Tri-VaLLey grew by 20% in 2018,3 outpacing the S&P Soo by more than 25%, Venture Capital investment in the Tri -Valley exceeded $590 million in 2018, an increase of more than 30% from 2017.4 To examine the underlying drivers of this performance, we connected with private and public company executives, local economic development departments and technology experts across several Tri -Valley cities to hear their observations on the area's evolution. These leaders each told a similar story: that people and companies alike are drawn to the positive business environment and high quality of life offered within the Tri -Valley. These factors have created an epicenter of innovation and productivity from which exciting businesses are growing and thriving. In this report we build on our previous research, sharing noteworthy developments from 2018 and early 2019. We begin by taking a look at the record levels of growth and the critical drivers that attract and retain the high quality businesses and talent the region is known for. We'll highlight the record levels of public and private company performance and present several notable success stories. Finally, we'll close with a discussion of the thriving economic sectors of the Tri -Valley that will position the region well for the foreseeable future. Population Growth 2.20% from 2017-2018 Doubling the growth of Silicon Valley Public Company +200% Stock Performance Outpaced the S&P 500 by more than 25% More Than Venture Capital $5Invested AO� in 2018 yUp more than 30% from 2017