Many giant monetary establishments, multinational banks, and venture capital firms are based in or have regional headquarters in the metropolis. The legacy of the California gold rush turned San Francisco into the principal banking and finance center of the West Coast within the early twentieth century. In 2023, the 14-county San Jose–San Francisco–Oakland combined statistical area had a GDP of $1.397 trillion, ranking 3rd among CSAs, and forward of all but 15 international locations. In 2023, GDP within the five-county San Francisco metropolitan space grew three.4% in actual terms to $779 billion.
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Till decommissioning in the early Nineties, the city had main navy installations on the Presidio, Treasure Island, and Hunters Point—a legacy still mirrored within the annual celebration of Fleet W
The San Francisco Artwork Institute, founded in 1871 and the oldest art school west of the Mississippi, closed in 2022. With an enrollment of thirteen,000 students, the Academy of Art University is the biggest institute of artwork and design within the nation. Golden Gate College is a private, nonsectarian university fashioned in 1901 and situated in the Financial District. San Francisco State University is a half of the California State University system and is situated close to Lake Merced. Most of the town is within the 11th District, represented by Nancy Pelosi (D–San Francisco). In the Usa House of Representatives, San Francisco is split between two congressional districts.