Santa Clara County with its center in the city of San Jose was once purely agricultural successful region, but with the decay of the industry, it didn’t sank into poverty. In 1951 Stanford University, which is located here, has founded the Technology Park. Attractive with the cheapness of land, it began to settle innovative companies graduates and students of the University. The far-famed Hewlett-Packard was born here.
In the late 1960’s – early 1970’s a lot of other high-tech companies started flowing to the new land – primarily for the production of semiconductors. Hence the name of the region, as the main semiconductor materials for transistors of today, silicon, has been attached for decades. The companies have started transferring not only production, but also the headquarters to California. The process was rapidly gaining momentum, as the microelectronics and related sectors are experienced rapid growth. Silicon Valley grew rapidly.
Today, it stretches from San Francisco to San Jose, occupying an area of approximately 50 by 10 miles. In San Jose greater area there are over 7,000 large and medium-sized companies and companies with high technology manufacture, employing almost a quarter of a million researchers, programmers and engineers. And new startups and innovative companies are popping out on a daily basis.
This is where a large number of universities, including the world-famous ones, like California at Berkeley and Stanford. Intel and AMD, Google and Yahoo, Apple and Hewlett-Packard, eBay and Oracle – all of these concerns are located in Silicon or, as it often used to be called, the Silicon Valley. Their contribution to the scientific and technological advances and their impact on our daily lives can not be overestimated: this is where microprocessor computer took its triumphal march around the world, as well as contact lenses and a music synthesizer, iPod, and iPhone. By the number of annually registered patents applied, the city of San Jose is ranked first in the United States, while Sunnyvale is the second. Incidentally, the average salary of employees working in high-tech, Silicon Valley is the highest in the country – 145 thousand dollars a year.
Unfortunately, not everyone makes those amounts of money. More than 50% is living on less than $44,000 a year, a large number of which is making up to $34,000 annually. That’s why the demand for payday loans remains at a high level – a quick monetary solution is actively used by San Jose citizens, which is confirmed by 4% growth this year already since 2015. The most active areas as for payday loans requests are 95110, 95127 and 95128. The maximum amount of loan is capped at $300, but even this sum can be life-saving for many people. With the average amount of $270 issued and the approval rate of 82%, you can always count on quick monetary assistance. Moreover, if you are looking for fast approval – payday loan is, perhaps, the only monetary solution you can resort to. In this case your application is typically considered within a couple of minutes, and the funds are deposited to your account on the very next business day.