innovation to the economy today. as you look at the panel, talking about the silicon valley, we have the mayor of san francisco. it will come into perspective, that when you have a giant like ibm anchor here in the valley, you are seeing in between companies like google and apple and facebook with incredible growth. in san francisco, mayor lee has welcomed to the fold in twitter, zynga, companies that are into cloud computing, hiring lots of people that not only want to live and work in the valley but recognize san francisco as being part of the valley. we are, indeed, fortunate, from san jose to san francisco, to be part of the innovation economy. we are finally seeing once again california s innovation is leading us out of the last three years of recession. i do not know about you but i am pretty tired of the recession. i made a statement several years ago that it was about time for an adjustment to the economy, things were too expensive, overheated. two years after that, i
exemption on that. by the way, if we grow, if we sustain and assist you in growing, can you help us with job training? that is what started the conversation on sf city. they have an ongoing program to create the curriculum for hiring kids or our public schools and aimed at returning veterans, career folks that want to get into technology-based industries, and then the snowball effect has really helped. twitter, not even moving in there are four companies that have moved into the market because of this. san disk, zoosk, allie pincus started an on-line returned as an company. hundreds of square feet of space that had been vacant for many years. revitalizing our city of the same time, doing job creation, creating the conditions for hiring and training local 7 siskins to get into the workforce. as andy is saying, that has caused other industries, particularly the construction industry, to get revitalized immediately. you have heard sales force had 18 acres in mission bay. they
ron conaway and others have stepped up and said, why don t we have a consistent voice? yes we have the chamber of commerce, the wonderful group we have worked with for many years, but why not also have an additional voice? so we formed sf city, a citizen s initiative for technology and innovation, which was aimed at the new developing companies to give us a constant dialogue about their ongoing needs. anything we have done is they have also embraced the needs of our city. it is a two-way conversation. that led to us revising our stock options. we were one of the few cities in the country that was taxing stock options. again, not understanding how the ipo was working for the startup companies, realizing that we would be punishing them for their growth and turnaround, so we gave them another six-year exemption on that. by the way, if we grow, if we sustain and assist you in growing, can you help us with job training? that is what started the conversation on sf city. they have a
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