if i can create one job every day for somebody here in san francisco, that will satisfy me greatly. guess what? there are hundreds of thousands of jobs at stake. i will continue to make this my mantra because i think it is the right thing to do for a great city. i want to also acknowledge the members of the board of supervisors here today. they were announced earlier. we all work as a team and it has never been about the mayor, him or herself, and i have learned that working in concert with the board that we have clear tones of communication, making sure that we speak more and more in the language that is important for this city. language and policies and ideas that create investor confidence in this city. that is what i have been talking about more and more. we have got to have a city that is investment-confident, that

one -- that one does not have doubt. if it is your family, small business, someone joining another one's business, we have got to have that level of confidence to see things through for you, so your investment is one that is positively welcome, taking care of, and prosperous. that is how we get to the theme of today's breakfast of prosperity and sharing of that prosperity. i want to take a moment to thank my friend john. he has been at the helm of the chamber for the past few years. he has been an important aspect of the work that i have done over the years. as you know, i started at the human rights commission and then i went to purchasing, which was the most fun i have had. who could not have fun buying a billion dollars in supplies

every year? then the former mayor brown gave me the heart to work in public works, engage in conversations with everyone about what was wrong with our streets and making them right. it was in that toughest job that i had that i have a lifelong friends, people who care enough about the city that picking up somebody else's trash is nothing when you can work together and dream about how better the city can become. i want to recognize john because he is one of those few people who i can properly engage in trash talk and still talk about the city in a positive way. thank you, john, for your wonderful service. [applause] when i came to all of you a year ago, san francisco's on the planet rate was 9.5%.

we just heard a fantastic presentation by j.p. morgan and their analyst as to how we come about in making that change. at the time, we faced a $380 million budget deficit, and we were struggling on how to meet the increasing cost of our pension and health-care obligations. remember that discussion about our pension? we have come a long way. it is not even mentioned anymore but it is still prevalent, and so are our health-care obligations. one year later, our city, the supervisors, mayor, elected officials have all come together with the help of great city department leaders that are also here today doing everything we can to make sure that we tackle the pension issues and make sure that our budget is balanced. more importantly, we put people back to work. that is the most important thing all of us have joined together in doing.

in the last 12 months, guess what we have done? we created jobs for an additional 17,300 san franciscans, bringing our unemployment rate down from 9.5% to 7.6%. that is in just one year. thank you for your help on the [applause] at. -- for your help on that. [applause] two weeks ago, we got another piece of positive information, news on the economy. our revenues became $129 million in greater, than projected in the first six months of the fiscal year. that is wonderful data for san francisco because, guess what? for some years now, it has been deficit, deficit, deficit, no

increase, no revenue, and all of you know how wonderfully negative that discussion has always been. now we have some positive light. i stand before you today, just a year in office, in my first year as mayor, to say that the economic recovery is under way, it is a real, and economic policies and strategies we have pursued are working, and they are working well. our city could not do this without the partnerships of many of you who are here today. san francisco is back on track and but we must stay the course. what i mean is, even though our revenues have surged from the economic growth that our tech companies have provided, a traditional companies that have been here for so many years.

by the way, let me do this. i have been known as the attack may year -- tech mayor. how one thing that i have come here with, puget you have always been excited for the city. we come to you. you helped us on a tremendous number of thing last year. i want to thank all the members of the chamber as well. whether it is a wells fargo, a pg&e, recology, the numerous sponsors that continue to come here, you have been part of the life blood as we welcome in the clean technology and biotech. you want to make sure that we are growing a family steeped in tradition of people that love this city, that love every neighborhood, and who have experienced all the great

positive dialogue, but have also been concern about negative dialogue, sharing in every aspect of the city has. i know many of you have joined with me some weeks ago when we celebrated the 50 years of tony bennett and his wonderful song. we have much more to celebrate in the coming years. i hope you all join the chamber in making sure that we share this prosperity. having said that, knowing that our economy is improving, i want to make sure you know i will be at the home with the board, making sure we are not tempted to return to spending habits and short-term choices that got us into trouble in the first place. we have two-year budgets, a renewed sense of obligation and responsibility, talking about our infrastructure, things that allow our tech companies to be successful.

we have to solve some serious transportation issues in the city, and that is why at risk in and i spend hours saturday morning at a technology hackathon. not trying to create a new application but try to solve some traditional problems with our taxis, making sure that someone can get a taxi, rather than waiting in being frustrated, another aspect of our transportation issue that we would try to get solutions to. more than ever, we have to double down on reform, on innovation, an investment. that is why i will continue to announce we are the innovation center for the whole world, right here in san francisco. soon enough, there will be cited to reflect that in the city. we had to break with some traditional things from announcing that in the most broadway, letting everyone know that this is the center for a

lot of things to happen. reebok to keep that innovation strong, keep the dialogue, as the panel has been talking about, keep salesforce growing, twitter growing here, keeping us all engaged as technology helps us to solve many of our problems, and finding solutions that we have not thought about. once and for all, we must treat government and our responsibility as mayors, as families do, find savings where we can, reduce unnecessary spending, and importantly, in best. invest in our people and our infrastructure. as said earlier, i will continue to talk about jobs. i do not care if i'm called the most boring guy that got one thing. i will repeat. i come here every day to the office asking whether or not i created another job for somebody else. when you learn about the

statistics that sf city is sharing with us, if it is jobs for seven siskins, it is worth to get up early for, sacrificing late-night meetings, working on the weekend -- except my golf. [laughter] we are attracting tec, biotech, clean tech. we are supporting local manufacturing. we are going to be making more things. fashion is coming back. technology with passion will be an exciting areas that we can hopefully unleashed soon. i will also tell you this. there are areas that we do not pay attention to that are not only stable, increasing, and wonderful when you hear this, but did you know -- and i got this from the recent reports from our hospital council recently -- did you know that

our health care industry in san francisco generates economic impact of over $15 billion a year? our own health care industry. 99,000 jobs. that is a huge contribution to our economy. i do not want them to be silent any more. our health care needs are important, and we will be getting that cpmc job done very shortly, wade. [applause] with our elected officials and board, we need to continue to reform the peril tax. we have got to incentivize businesses to create those jobs. -- payroll tax. the conversation in the board has been very good because we have not forgotten those that are not skilled as well as others. we have got to get that employment training center up, we have to invite those who are

living in the tenderloin, amid market, south of market, the traditional groups that have struggled, they have identified issues in the past, the digital divide. they were not caught up to the lunch alt -- level of education and technology they needed to be. we have got to help our returning veterans get those skill sets. people who are in the middle of their careers get those skills sets. that is why employment training is so important. we need a stronger training partnership. we also need private and more public investment in our schools. i will be talking a lot about that with the new president of our school board norman yi, carlos, organizations at the school board. i will be talking about how our schools can participate in this employment training and make sure there are generations of kids who do not lose hope in

this city, do not look elsewhere when the best jobs are created right here. all i have to do is do their part. when they do that and complete their job education, that will be there for them. i want to say one thing about our infrastructure, something that i want you to remember as you leave today. i just want to mention something about hetch hetchy. some people out there are suggesting we can tear down that dam and still survive as a city. i want to let you know, as insane as it is, it is, in fact, insane. [applause] there will be some leaders that approach you, others around the city that suggest tearing down

hetch hetchy is a good idea. they will start talking about water sustainability issues. but know this. not only do we have the cleanest water, not only have we spent serious amounts of money upgrading seismically the whole system to deliver that clean water, but it is also one of the strongest clean hydroelectric power sources, it infrastructure, that any city across the country has had. i want to make sure you know that as this public dialogue begins. do not be misled on the discussions by people who will connect something that we want to have, which is sustainable water, but not by tearing down our dam. finally, i want to end with a discussion on america's cup. yesterday, we made the

announcement that pier 30 and 32 are no longer part of it. i think the public discussion and discourse around the investments that we do need to rebuild the piers, including the horrible conditions at 30 and 32, it got away from the focus, which should be on hosting the 34th america's cup, one of the greatest sports event we will see. it will probably be the only international sporting event and all of 2013 in any part of the united states, and it is coming here to san francisco. it will be a blend of technology, with boating, will be viewed by new technologies to introduce us to generations of new sailors, and using our waterfront and bay in the right way. i spoke to larry ellison directly for a good few moments.

we reiterated our excitement about the race. it is on for this year for the smaller boats, next year for the larger ones, and we do expect hundreds of thousands of people to come to our city. we have figured out, through the work of the event authority and host committees, all the different plans we have to use properly our open space, transportation lines, making sure we create positive then use. i want to let you know about the change in investment and topic this course is a very key reminder of how sensitive we have to be to this whole dialogue about investment. it can go different ways. the thing that i need to make sure we do at the board of supervisors, mayor's office, keep a strong foundation for

economic growth in this city, keep talking to audiences like you and others who can help us, talking to neighborhoods, making sure the dialogue understands and job creation is still in the misdirection. this whole theme today, prosperity together, sharing it, is consistent with what i have been saying throughout the city. we are the city for the 100%. we will work together. i will make sure the city's discourse is positive. we will not prevent the foundation that provides us with economic growth. let's move forward together. thank you very much. [applause]

>> good morning, everyone. i am the executive director of the bay area. we do not get a turnaround you get. and is our honor and privilege to host you, mr. mayor, city college of san francisco, a leading companies in san francisco, and fellow community organizations. we open your bay area three years ago this past tuesday and will come to our class of 80 students. we are trying to solve two problems of the same time. the first is that companies are struggling to find talent, particularly in the field of technology. at the same time, there are thousands of talented young adults in the city and more than 5 million across the country looking for the opportunity to

build a meaningful career. our students go through five months of intensive training and hard i.t. skills and the increasingly important soft skills of communication and professionalism. this is on by an internship of one of 21 companies, who are represented today. we expect the number of companies to grow because of the leadership we have been city hall. there is a buzz in the city because we have an administration that understands the importance of economic development, and one that understands economic development is still by workforce development. it have to attend both at the same time. it is my honor to introduce a man who knows how to create and the the economic engine, the honorable mayor ed lee. [applause] >> thank you very much. i have had a chance to reflect the last couple of hours on what i wanted to say today. the first thing that came to my

mind was the years that i spent in every community of the city picking up trash with kids, all over the neighborhoods, just realizing what can we do to reach everybody in each neighborhood? we tried to do that through the neighborhood cleanup. more importantly, when it came to jobs and future, when i ascended to this position, i wanted to signal strongly that not only would we bring business back in the most enlightening way and get those new economy's going, but we would do it in a way to create open our kids. the worst thing is to have kids in neighborhood say, downtown and city hall, they get the jobs and create businesses and they make those tax decisions, but it does not touch me. it is not about me. how do we do that in the city, where it is so exciting these days to invite our technology

companies to come together and work with us? that has been on my mind for a long time. it was there years ago when we struggled with this concept called digital divide. remember that? technology is moving ahead, apple and everybody is in silicon valley and they are creating these wonderful machines, but not for us. we have to catch up in some way, and if we're lucky, we can get one of these jobs. i do not want to depend on luck any more. it should be part of the way we think in this city. when we create opportunities for businesses to thrive here, when recreate jobs, when i invite twitter to stay in the city and have that decision resonate, working with supervisors like mark farrell, and jane kim, we all work together. we have to think several steps ahead. the most exciting thing is to

have a san francisco resident land these jobs and get the foundation by which they will be successful. that is what we mean when we use the world sustainable. those words are not part of us either. they were for the environmental movement. what does that mean for us? it is really about making sure our local government works to create the conditions which our kids are successful and the very businesses that we give breaks to, and then we help establish success for, and then we invite to come into our city. today is going to be another great announcement. i want to thank you for all the work you are doing. i want to thank colon for joining us as well, helping us put together a fantastic grant application, and to also thank minority leader pelosi's office.

friends who also believe this is where we have to go. this is what san francisco has been all about. today, announcing that we have a grant from the department of labor for $5 million, that fulfills an application put together brilliantly and number of different companies, training institutions, collaborating with the city college, to bring real hope to our kids in san francisco, kids that we care about. we fulfil a promise that has been made for decades that we would not leave you without hope in the city. we put real dollars into that today. you are going to hear this from this administration time and again. you will have a lot of your colleagues talk about this day. everything has changed from this day forward.

we are not going to have businesses just succeed on their own without lifting of our participation. whether it is jobs looking at those earlier jobs that we focused on. these tech companies and their early stages were looking for the most brilliant software engineers they could find, so they were recruiting from berkeley, stanford, and they got to that initial talent. but as they grow and sustain this industry, they are looking for data systems administrators. they're looking for multimedia artists. graphic designers. they are looking for marketers and customer service people. all of the town that wants to stand behind me that it is represented here is san francisco's. the greatness of our city is with the town we have locally. there is not going to be a divide here. there will be an opportunity here, with this grant, we create the educational links that give

the skill sets and then the companies will turn around -- the companies have already committed that are here today -- like ibm, ibm, salesforce, all the companies that have joined us in this effort, have been a commitment to hire from this training center we are creating today. so it is not just a promise any more. real dollars are being spent. you are going to be trained, you will get those skills, and it will go right into job opportunities and this will be the recruitment center for companies relocating here. the promise is being delivered because we have friends like nancy pelosi, jay, gleen and others working with organizations in san francisco to make us successful author of the stages. it is not just an announcement about money. it is an announcement about the way we do things and the way we think in this city.

these kids should never feel that their local government has abandoned them in anyway. we are promising you that you have these jobs. we want you to stay and growth here, just like what the company's to stay and grow. what our kids to be proud of the city that they grew up in and love. when you are aware around the city and doing your second jobs to get through school, the members about being here and having your generation create your family here is going to begin today. it is my pleasure to announce this grant today, but to thank all of the collaboration that has gone on. this grant will be done through tech sf, something that we have been talking about since we ever started this conversation with various companies. we want our work force to be included.