02/07/2013 11:07 am ET

SF Steals Some Of Silicon Valley's Job Creation Thunder

SAN JOSE, Calif. (KGO) -- Silicon Valley is leading the rest of the country out of the "Great Recession." A new report out on Tuesday shows 46,000 new businesses opened last year and 92,000 new jobs were added. One analyst says the valley is back to where it was before the dot-com bust a dozen years ago.

The big difference between the dot-com boom of a dozen years ago and today is where those jobs are being created. Silicon Valley traditionally had the bragging rights, but now it is getting increasing competition from San Francisco.

Read more on ABC