64 posts categorized "Business"

04/14/2014

Urban Development: Mayor Celebrates Central Market Revitalization

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San Francisco, CA—Mayor Edwin M. Lee today highlighted the ongoing revitalization of the Central Market neighborhood three years since the creation of the Central Market/Tenderloin Payroll Expense Tax Exclusion. The tax exclusion was adopted by the Board of Supervisors and signed by the Mayor in April 2011 when Central Market had some of the highest vacancy rates in the City. Central Market is now home to 18 technology companies, 17 small businesses and eight arts venues as part of the City’s revitalization efforts. Since 2011, the City has collected $8.4 million in additional revenue from increased property tax and real estate transfer tax in the Central Market area.

“The turnaround and signs of revitalization in the Central Market area in just three years are remarkable, but we have more work to do to help longtime residents and new small business owners alike,” said Mayor Lee. “The Tax Exclusion was carefully crafted to attract investment into the heart of our City, which for years suffered from high vacancy rates and stubbornly resisted previous attempts at revitalization, and it has been a nationally- recognized success. Today, Central Market is at the center of new job creation, housing production and the arts in our City, generating new jobs and bringing millions of dollars in new revenue to fund vital City services for the neighborhood. The decades of disinvestment and abandonment by the public and private sectors in Central Market are over, and we will not turn back the clock on our promising efforts to create a healthy, vibrant and economically diverse community in the Central Market neighborhood.” Read more.

03/13/2014

Volunteer Startups: Mayor Announces Startups Selected for EIR Program

13mar2014_mayorMayor Edwin M. Lee announced that the City has selected six startup companies to participate in a new “Entrepreneurship-in-Residence” program, a voluntary, sixteen-week collaboration to bring together the private sector and City departments to explore innovative solutions to civic challenges that can lower costs, increase revenue, and enhance productivity.

“San Francisco is home to the world’s greatest entrepreneurs, the ones who have ‘disrupted’ numerous industries, and we are bringing those same disruptive technologies to improve delivery of City services for our residents,” said Mayor Lee. “The Entrepreneurship-in-Residence program brings together government and startups to explore ways we can use technology to make government more accountable, efficient and responsive.” Read more.

11/13/2013

Community Arts: Mayor Announces Venture to Support Arts Organizations

Arts_13nov13 (1)Mayor Edwin M. Lee and District Six Supervisor Jane Kim joined newly formed nonprofit Community Arts Stabilization Trust (CAST) to announce the purchase of two arts building in the Central Market and the Tenderloin.

The CAST purchase will allow the Luggage Store Gallery owners to maintain occupancy of their building and ultimately to assume full ownership, which was at risk of sale due to private investors, and will enable the Luggage Store Gallery's subtenant Hospitality House Community Art Program to sign a long term lease. CAST also announced the purchase of the underutilized former adult theater at 80 Turk Street in the Tenderloin, one block off Market, and CounterPULSE, a cornerstone of the Bay Area performing arts scene now located South of Market in a building it rents, will begin fundraising to assume ownership of the 80 Turk Street building and move its multi-use performing arts facility in early 2015. Read more.

11/08/2013

Supporting Veterans: Mayor Announces Initiative to Help Veterans Find Jobs

Mayor Announces Initiative to Help Veterans Find JobsMayor Edwin M. Lee today announced a new initiative called the Veterans Access Point for Workforce Development with Swords to Plowshares. This comprehensive employment center for veterans and residents includes career counseling, job search and readiness programs, workshops and trainings, support services, and access to resource rooms with computers, fax and copy machines. The new access point has already enrolled 36 veterans, 24 of whom are now in permanent jobs in San Francisco.

“Men and women who have served in our country’s Armed Forces need and deserve the best training and resources to ensure that they can reenter the workforce after serving and protecting our country,” said Mayor Lee. “In San Francisco, we recognize the unique skills and experience that veterans possess and we value the contributions that they are bringing to the workforce.” Read More.

10/07/2013

Invest in Neighborhoods: Mayor Launches Loan Program for Small Business

Invest in Neighborhoods: Mayor Launches Loan Program to Support Small BusinessMayor Ed Lee today announced the launch of the StepAheadSF Microloan Pilot Program, a new program that will provide $250,000 in zero percent interest loans to support small businesses in neighborhood commercial corridors citywide.  StepAheadSF, administered by Working Solutions, will provide loans to individual small businesses. The program will begin in Chinatown, which was just named one of the Top 10 Great Neighborhoods for 2013 by the American Planning Association.

"Our City's historic, culturally diverse and economically thriving neighborhoods make San Francisco a world-class destination to live, work and visit and I am honored that the American Planning Association has recognized San Francisco’s Chinatown as one of the nation’s Top 10 Great Neighborhoods," said Mayor Ed Lee. "With StepAheadSF and my Invest in Neighborhoods Initiative, we are ensuring our small businesses have opportunities to succeed, grow and contribute to the vibrancy of their neighborhoods." Read more.