93 posts categorized "Economy"

12/13/2013

Economic Development: City Wins Business Award for Its Job Creation Policies

Economic_development_13dec13Mayor Edwin M. Lee announced that the Silicon Valley Leadership Group awarded San Francisco with a Business Retention and Expansion Award for its economic development and job creation policies in the
City's Central Market and Tenderloin neighborhoods. The Turning Red Tape into Red Carpet inaugural event recognized the Central Market and Tenderloin Payroll Expense Tax Exclusion as an economic development initiative that resulted in retaining and growing existing businesses within a community.

"I am pleased that our job creation and economic development efforts in the Central Market and Tenderloin neighborhoods are being recognized for not only growing businesses, but also for benefiting the Central Market community," said Mayor Lee.  "What began as a conversation with Board President David Chiu, Supervisor Jane Kim and Twitter has turned into a policy that is transforming neighborhoods. This award from the Silicon Valley Leadership Group recognizes the hard work and commitment from both the public and private sectors that has resulted in 17 new companies, 13 new small businesses and six new arts venues that have moved to the area as part of our revitalization efforts." Read more.

10/10/2013

Financial Stability: City Credit Rating Upgraded to Highest in City History

Financial Stability: City Credit Rating Upgraded to Highest in Its HistoryMayor Edwin M. Lee today announced major bond rating agencies have upgraded and affirmed San Francisco's strong credit after the City met with Moody's Investors Service (Moody's), Standard & Poor's (S&P) and Fitch Ratings (Fitch) in August. 

"At a time when many cities and counties across California and the U.S. have seen their credit ratings suffer amid lingering financial uncertainty, San Francisco's upgraded bond ratings are leading the state," said Mayor Lee. "We are creating investor confidence in our City with strategic investments while applying strict budgetary and financial controls to protect San Francisco's continuing economic recovery. We must continue our work that has stabilized San Francisco's economy, created jobs, and has made San Francisco an economic engine for the entire region." Read more.

07/30/2013

Housing Funds: Mayor Launches New Home Loan Assistance Program

Housing Funds: Mayor Launches New Home Loan Assistance ProgramMayor Edwin M. Lee and Supervisor Mark Farrell launched the down payment home loan assistance program for San Francisco first responders who are active member of the San Francisco Police Department, San Francisco Fire Department, or the San Francisco Sheriff’s Department. The Mayor’s Office of Housing and Community Development (MOHCD) will administer the program, which was created after San Francisco voters overwhelmingly passed the Housing Trust Fund Initiative in November 2012.

“San Francisco must remain a viable place to live and work for people at all levels of the economic spectrum and the Housing Trust Fund helps us do just that,” said Mayor Lee. “The new down payment assistance program will help keep working families in San Francisco and increase homeownership opportunities for San Francisco first responders, who make sacrifices every day to keep our City safe. I thank Supervisor Mark Farrell and the entire Board of Supervisors for supporting the Housing Trust Fund and our City’s first responders.” Read more.

06/17/2013

Driving Innovation: Mayors Lee and Bloomberg to Co-Host Tech Summit

Driving Innovation: Mayors Lee and Bloomberg to Co-Host Tech SummitToday Mayor Edwin M. Lee and New York City Mayor Michael Bloomberg announced that they will co-host the second annual Bloomberg Technology Summit to bring together technology and business leaders to discuss the challenges and opportunities facing the nation's top digital cities and examine what other cities can do to grow their tech sectors and enjoy the economic benefits that come with it. 

The announcement was made at Square headquarters in San Francisco, a company that builds technology to make commerce easy for everyone. The first session of the summit will take place in New York City on September 30th, and the second session will occur in San Francisco early in 2014.The event is being co-hosted by Bloomberg Philanthropies and San Francisco Citizens Initiative for Technology and Innovation (sf.citi). Read more.

05/21/2013

Super Bowl: Mayor Announces Bay Area to host Super Bowl 50

Super Bowl: Mayor & Bay Area Leaders Submit Bid to Host Super BowlMayor Edwin M. Lee today celebrated the successful bid to host Super Bowl 50 in 2016 in the San Francisco Bay Area in partnership with the San Francisco 49ers and the Super Bowl Bid Committee.

The successful bid was delivered today to the National Football League (NFL) by Tipping Point CEO and Founder Daniel Lurie and San Francisco 49ers Owner Jed York in a live pitch to 32 NFL owners in Boston. 

The 2016 Super Bowl game will be held at the new Levi's Stadium in Santa Clara and will bring hundreds of millions of dollars in economic impact to the entire Bay Area. Read more.