San Jose–San Francisco–Oakland, CA Combined Statistical Area 2017 the San Jose–San Francisco–Oakland CSA had a GDP of $878 billion, which would rank 17th among countries and 5th among states. Among Combined Statistical Areas, the Bay Area is 5th in terms of population, but 3rd in terms of GDP. Silicon Valley, the leading high technology region in the world, is located in Santa Clara County. Major corporations in San Francisco, San Jose, Oakland, and the surrounding cities help make the region second in the nation in concentration of Fortune 500 companies, after New York. The Bay Area's northern counties encompass California's famous Wine Country, home to hundreds of
San Jose, California estimated that up to 16,000 employees will be located. Apple paid $138.2 million in cash for the site. The seller, Connecticut-based Five Mile Capital Partners, paid $40 million for the site in 2010. Real estate experts expect that other tech companies currently located in Silicon Valley will also follow in Apple's path by purchasing land or property in San Jose. The large concentration of high-technology engineering, computer, and microprocessor companies around San Jose has led the area to be known as Silicon Valley. Area schools such as the University of California, Berkeley, University of California, Santa Cruz, San Jose State