Editing Palo Alto, California (section)

==Economy==
{{Category see also|Companies based in Palo Alto, California|Non-profit organizations based in Palo Alto, California}}
[[File:Stanford Shopping Center 1.jpg|thumb|left|[[Stanford Shopping Center]]]]
Palo Alto serves as a central economic focal point of the [[Silicon Valley]] and is home to more than 7,000 businesses employing more than 98,000 people.<ref>{{cite web |url=http://www.cityofpaloalto.org/business/news/details.asp?NewsID=592&TargetID=9 |title=Palo Alto Business Facts |access-date=February 21, 2022 |archive-url=https://web.archive.org/web/20090804055656/http://www.cityofpaloalto.org/business/news/details.asp?NewsID=592&TargetID=9 |archive-date=August 4, 2009 |url-status=dead}}</ref> In the mid-1950s Palo Alto had a railroad village feel and the streets were lined with bungalows and prim storefronts. At a time when only 7 percent of American adults had completed four years of college, more than a third of men living in the Palo Alto suburb had a college degree.<ref>{{Cite book|title= The Code: Silicon Valley and the Remaking of America | author1= Margaret O'Mara |author-link1= Margaret O'Mara |publisher= Penguin Publishing Group |year= 2019 |isbn= 9780399562198 |pages= 17}}</ref> In 1949 [[Wallace Sterling]] had been appointed as Stanford's president and [[Frederick Terman]] became [[provost (education)|provost]]. The fledgling Stanford University was reorganized, offering applied educational programs on physics, [[material science]], and electrical engineering. Stanford's [[basic research]] capabilities were built up and the laboratory facilities for applied work were brought together in the Stanford Electronics Laboratories.<ref>{{Cite book|title= The Code: Silicon Valley and the Remaking of America | author1= Margaret O'Mara | author-link1= Margaret O'Mara |publisher= Penguin Publishing Group |year= 2019 |isbn= 9780399562198 |pages= 30}}</ref>

Many prominent technology firms reside in the [[Stanford Research Park]] on Page Mill Road, while nearby Sand Hill Road in the adjacent city of [[Menlo Park, California|Menlo Park]] is a notable hub of [[venture capitalists]].

A number of prominent Silicon Valley companies no longer reside primarily in Palo Alto. These include [[Google]] (now in Mountain View),<ref name="Day">{{cite news|author1=Peter Day|title=165 University Avenue: Silicon Valley's 'lucky building'|url=https://www.bbc.com/news/business-10944196|access-date=August 12, 2014| publisher=BBC News|date=August 27, 2010}}</ref><ref>{{cite web|author1=Julie Bort|title=Tour Google's Luxurious 'Googleplex' Campus In California|url=http://www.businessinsider.com/google-hq-office-tour-2013-10?op=1| publisher=Business Insider Inc| access-date=August 12, 2014| date=October 6, 2013}}</ref> [[Facebook]] (now in Menlo Park),<ref>{{cite web|author1=Emil Protalinski|title=Facebook completes move from Palo Alto to Menlo Park|url=http://www.zdnet.com/blog/facebook/facebook-completes-move-from-palo-alto-to-menlo-park/6489|archive-url=https://web.archive.org/web/20120108090030/http://www.zdnet.com/blog/facebook/facebook-completes-move-from-palo-alto-to-menlo-park/6489|url-status=dead|archive-date=January 8, 2012| publisher=ZDNet | access-date=August 12, 2014|date=December 19, 2011}}</ref> and [[PayPal]] (now in San Jose).<ref name="Day" /><ref>{{cite web|author1=Jordan Novet|title=PayPal chief reams employees: Use our app or quit|url=https://venturebeat.com/2014/02/11/paypal-chief-reams-employees-use-our-app-or-quit/| publisher=VentureBeat |access-date=August 12, 2014| date=February 11, 2014}}</ref>

In 2021, [[Tesla, Inc.]] moved its headquarters from Palo Alto to Austin, Texas.<ref name=tesla>{{cite web |author= Lora Kolodny |author-link=Lora Kolodny |title=Tesla moves headquarters from California to Texas |url=https://www.cnbc.com/2021/10/07/tesla-moves-its-headquarters-from-california-to-texas.html |publisher=CNBC |access-date=January 2, 2022 |date=October 7, 2021}}</ref>

Palo Alto's retail and restaurant trade includes [[Stanford Shopping Center]], an upscale open air shopping center established in 1955, and downtown Palo Alto, centered on University Avenue.<ref name=Stanford>[http://www.stanfordalumni.org/news/magazine/2004/julaug/features/shop.html Slice of cheese pizza at Tresidder Union: $2.75 Econ 1 textbook: $123.56 Undergraduate tuition: $29,847 Bloomingdale's across the street Priceless] {{Webarchive|url=https://web.archive.org/web/20120212152027/http://www.stanfordalumni.org/news/magazine/2004/julaug/features/shop.html |date=February 12, 2012 }} By Jesse Oxfeld, (July/August 2004) Feature Story, STANFORD Magazine, accessed August 18, 2006</ref>
[[File:HP HQ campus 4 (cropped).JPG|thumb|[[Hewlett-Packard|HP]] headquarters]]
Palo Alto is the location of the first street-level [[Apple Store]],<ref name=ifoAppleStore>[http://html.ifoman.com.s3.amazonaws.com/chronology_2001-2003.html Apple Stores – 2001–2003] {{webarchive|url=https://web.archive.org/web/20090628175411/http://html.ifoman.com.s3.amazonaws.com/chronology_2001-2003.html |date=June 28, 2009 }} – accessed November 30, 2010</ref> the first Apple mini store,<ref>[https://www.apple.com/pr/library/2004/oct/14retail.html Press Info – Apple Unveils New "Mini" Retail Store Design] {{webarchive|url=https://web.archive.org/web/20110329021725/https://www.apple.com/pr/library/2004/oct/14retail.html |date=March 29, 2011 }}. Apple (October 14, 2004). Retrieved on July 21, 2013.</ref> the first West Coast [[Whole Foods Market]] store,<ref>{{cite web |title=Whole Foods Market History |url=http://www.wholefoodsmarket.com/company/history.php |website=Wholefoodsmarket.com |access-date=November 1, 2021 |archive-url=https://web.archive.org/web/20120725235346/http://wholefoodsmarket.com/company/history.php |archive-date=July 25, 2012 |url-status=dead }}</ref> and the first [[Victoria's Secret]].<ref>[http://www.askmen.com/entertainment/special_feature_150/165_special_feature.html 5 Things You Didn't Know: Victoria's Secret]. AskMen. Retrieved on July 21, 2013</ref>

===Top employers===
[[File:TeslaMotors HQ PaloAlto.jpg|thumb|Former [[Tesla Motors]] headquarters]]
According to the city's 2023 Annual Comprehensive Annual Financial Report,<ref>{{Cite web|url=https://www.cityofpaloalto.org/files/assets/public/v/1/administrative-services/city-budgets/fy-2023-city-budget/fy-2023-annual-comprehensive-financial-report.pdf |title=City of Palo Alto FY 2023 CAFR| publisher=Cityofpaloalto.org| access-date=October 16, 2024}}</ref> the top employers in the city are:

<!-- LISTING ENTRIES / ORDER ARE PER THE SOURCE, KEEP IN THIS ORDER UNLESS SOURCE CHANGES -->
{{static row numbers}}{{sticky header}}{{table alignment}}
{| class="wikitable sortable col1left col2left" style=text-align:right
|-
! #
! Employer
! # of Employees
|-
|1
|[[Hewlett-Packard]]
|14,673
|-
|2
|[[SAP Labs]]
|14,164
|-
|3
|[[VMware]]
|10,720
|-
|4
|[[Stanford Health Care]]
|5,500
|-
|5
|[[Stanford University]]
|4,060
|-
|6
|[[VA Palo Alto Health Care System|Veteran's Affairs Palo Alto Health Care System]]
|4,400
|-
|7
|[[Varian Medical Systems]]
|3,490
|-
|8
|[[Cooley LLP]]
|2,324
|-
|9
|[[Palantir Technologies]]
|2,026
|-
|10
|[[Wilson Sonsini Goodrich & Rosati]]
|1,701
|}