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Economic Strategy

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by

Laurel Arvanitidis

on 17 June 2015

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Transcript of Economic Strategy

Economic Strategy
2014 Update

In 2007 the Voters passed Proposition I requiring the City to create and periodically update an economic strategy
Goals

Create job opportunities by building on our strengths to promote greater overall economic growth
Ensure greater inclusion and equity in job opportunities with an aim to reducing inequality
Ensure a sound fiscal footing for the City by encouraging industries with a positive fiscal impact
Education and Training
Governance and business climate
Quality of Life
Infrastructure
Technology & Innovation
2007 Recommendations
Today's Presentation
1. Overview of the 2007 Economic Strategy
2. Actions on Policy Goals and Recommendations
3. Economic Performance 2004-2010
4. Barriers to Job Growth
5. Conclusion and Discussion

City's Economy
Local Serving Industries
Construction
Real Estate
Retail Trade
Personal Services
Local-Serving
Manufacturing
Transportation
Waste Management
Health
Social Services
Wholesale Trade
Civic Associations
Experience
Industries
Creative
Industries
Consulting
Software & Internet Media
Design
Advertising
Film & Music
Architecture
Innovative Manufacturing
Insurance
Banking
Legal
Headquarters
Admin Support
Accounting
Financial &
Professional
Recreation
Performing Arts & Sports
Museums
Hotels
Restaurants & Nightlife
The 2007 Economic Strategy identified three overarching goals for our City
The 2007 Economic Strategy included 19 recommendations focused on five policy areas
Action Area 1: Education & Training
Developed a city-wide Strategic Workforce Plan
Partnered with SFUSD to develop career pathways
Close the digital divide
Action Area 2: Governance & Business Climate
Passed business tax reform
Developed sector initiatives
Strengthened private sector partnerships
Make it easier to do business
Provide assistance to businesses
Action Area 3: Quality of Life
Launched Invest in Neighborhoods
Beautify commercial districts
Benefiting from the City's Arts Enrichment Ordinance
Support neighborhood arts organizations
Funding our parks
Economic Performance 2004-2010
Action Area 4: Infrastructure
Provide space for housing and job growth
Protect physical infrastructure/PDR job space
Improve entitlement & CEQA processes
Maximize transit for local & regional workforce
Action Area 5: Technology & Innovation
Encouraged incubators and co-working space
Attracting/Expanding research & academic institutions
Barriers to Job Growth
Reduce labor costs by building more housing, particularly affordable housing
Continue to develop career pathways that promote job mobility and advancement
Streamline business regulation & process
Assist businesses facing rising real estate costs & lack of space
Maintain and expand support for local-serving industries with a focus on neighborhood corridors and industries that support middle income jobs
Address transportation infrastructure capacity
Continue to focus on four strategic priorities
Strengthen the physical infrastructure sector
Upgrade the experience sector
Retain large knowledge sector companies
Promote knowledge sector start-ups
Conclusion
To ensure the overall competitiveness of San Francisco's economy, the City should continue to implement programs and policies aligned with the 2007 Economic Strategy.
In particular the City should focus on the following action areas
Full transcript