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• The region's largest specialization is now innovation services. <br />Figure I -10: Innovation Services <br />Growth: 53% (1994-2004) <br />Employment: 22, 160 (2004 <br />Scientific/Technical <br />Consulting <br />Engineering & <br />Design Services <br />Management <br />Consulting <br />Computer Systems <br />Design <br />• The region's fastest growing specialization is now scientific and biomedical products and services, <br />Figure I-I I: Scientific/Biomedical Products and Services <br />Growth: 80% (1994-2004) <br />Employment: I I, 166 (2004) <br />rharmaceuticaf ~~ledical Equipment Scientific Instruments <br />i~lanafacture And Supplies Design & <br />Mamifxctare ~~lunufneture <br />hospitals healthcare ~ledical'resling/ <br />1 roviders Diagnostic Labs <br />Research and Development <br />• Another large and growing concentration is business operations <br />• The region still has a large concentration of information technology product companies, <br />• These industry specializations are driving the region's economy. <br />• Industry specializations are widely shared among local jurisdictions, rather than concentrated in just one <br />or two cities. <br />Tri-Valley's economic transformation has coincided with major shifts in the region's occupational <br />structure and the resident talent pool. <br />• There has been a shift to higher-level occupations in the regional workforce <br />• There has been a shift to a more highly-educated population. <br />6 <br />