To talk about the industry how it performed based on those are actions. Good afternoon ted where the Controllers Office as todd told we were asked to assist with this strategy update by focusing on an analyzed of how the citys economic and supervisor farrell you said the recent years the performance is strong across the board we over took a different time period 2004 to 2010 the reason we picked those points they were economic low points in the Business Cycle one of the reasons our economic economy is strong we have about in the recovery so if you compare where we were 5 years ago some of the growth because of the Business Cycle and maybe in a different Economic Cycle and difficult to separate those we want to see how the growth to the same period this is one of the long Term Economic development and this give us the long term prospective over quite a long period to look at data an Economic Performance in San Francisco in the late 60s to 2009 San Franciscos employment didnt change in f
For calling todays hearing in 2004 the voters approved proposition i did mandated the creation of apple Economic Development strategy in 2014 the city realized the cooperation with the office of Economic Analysis retailed that in 2007 proportion i talked about this were before you to present the 2014 update to the strategy that was done in collaboration with the office of Economic Workforce Development and the office of Economic Analysis in coordination with mta and Arts Commission and many others across the city to give you a sense of the structure of today is presentation ill give a belief overview and innovative you up our colleague who lead this in the office to implement the goals and recommendations of the report ted egging on is going to speak on the Economic Performances and talk about continuing barriers to job growth in the city ill be go balk e back up to talk about the conclusion so briefly one the 2007 strategy. Org the citys economy into 20 ports driven by Financial Servi
Total across 5 key areas from education and nomination and invite up you laura to talk about what the citys efforts are across the 40 policies and the work weve done for today. Hello supervisors im going to cover some of the actions taken inch breakdown down by the action areas the first is education and training oewd oewd weve been successful in construction and Health Care Hospitality and implementation and technology we focused on a streamlined path to access our workforce programs Workforce Partners and clear Educational Program added them to the report this allows the School District and allows the city to have our academies with the School District curriculum with the pathways to the employment industry. Finally every 20 percent of broadband the city focuses on the Digital Literacy and establish and advanced 14th century tech labs in tech centers it serve our seniors and expand the obeyed over several miles of cable and extensions to our park the North Waterfront and Treasure Isl
Reductions with the network which helped individuals to reduce the costs this hearing is timely in that this last week im helping a client for 14 months his individual copay was 35 a month until recently changed under the speciality tier which brought him up to 500 a month pharmacy bill this was factoring in the fact you have to pay for individual to the doctor as well as the lab during the pricing and gain access to medication through programs you such Medication Assistance Program and a copay card and assess network we reduced those costs for the individual is looking at 20,250 a month this is well outside of his financial bracket he came to us seeking proving lax assess because of the speciality tearing of the medication we provided him a pass and are actively helping him to continue for his access to life saving services. I want to acknowledge katherine dodge do you want to Say Something about this issue with our familiarity. Thank you katherine dodi want to highlight because we sp
Different types of jobs this is a chart that shows we breakdown the workforce of the people that work in San Francisco bill which of the four sectors they work in how much education level and what is their afternoon hourly wage that shows the two industries that derivative our economy that the Knowledge Industries and the experience open the other have different employment the experience sector about 70 percent of the jobs in that sector pay less than 1750 an hour and the jobs are concentrated among the folks with less than a education on the other hand the Creativity Industries and the Financial Services about 70 to 75 percent go to those folks with a 4 year degree only 40 percent of san franciscans have a degree thats the highest in the country but still on 40 percent the creative Financial Industries that basically means the two sectors that are the biggest sector of job growth offer hive wages with people with a lot of education or low wages the industries that offer the low wages