User:Sallyekman5/sandbox

Overview
Inspired by the rise and popularity of Silicon Valley, a new center of technology innovation has been branded in San Francisco, 30 miles north of the original technology epicenter. With over fifty cloud-computing companies within two square miles, San Francisco’s South of Market (SOMA) district and surrounding areas has been acknowledged as “cloud corridor”.

History
With the realization of the high concentration of cloud-computing companies in a small geographic area, the San Francisco based company ServiceSource partnered with Montclair Advisors to reach out to fellow San Francisco companies and government officials, asking for their support in the branding of the area “cloud corridor”. The first meeting to introduce the rebranding of the area occurred at the ServiceSource headquarters on October 3, 2013, which included fourteen attendees from nine companies as well as representation from local officials.

Growth and Employment
Companies within the Cloud Corridor have aided in the drastic upswing of technology employment rates, which rose 51.8 percent over the 2007 to 2012 period. The area also leads in venture capital investment, with the South Beach and South park (area code 94107) awarded 1,885.8 million in investement and South of Market (area code 94103) 554.6 million.