the warriors project i have mike perry from the building trades. [applause] >> and i want to start by acknowledging the labor folks in the room. a number of folks are away right now and a meeting in san diego and a lot of them are down there but in the room we have victor par and oscar lab tory and sean smith and adriane simy and carl with the local carpenters 22, danny campbell with the sheet metal workers and the operating engineers -- who am i missing? ramone hernandez right behind me. i should have looked back. [applause] and additionally mike mc kenny

with electricians and tim paulson with the labor council and mike casey president in the back of the room over there. this is a project of the kind that makes building trades workers salivate. it is a startingly beautiful design from what we have seen so far. i am going to embarrass myself and speak in norwegian and it's the kind of project where we can look forward to bringing our skills to work on a project that will fully demand those skills, so that is quite apart from the hours it will bring to us, it quite a part from the food we will put on the table and the house payments and so on. that's one of the reasons this project really excites us and it's a dramatic project. however, we are happy to try to

minimize the drama of actually building the project and this is what this particular agreement d a lot of things are in this particular agreement and i think it's a real accomplishment, something that will provide us a practical and effective means of addressing local hire andet going san franciscans to work so thank you. [applause] >> so our final speaker is really the foremost community lead in the local hire movement and that is environment commissioner josh arsay. [applause] >> thank you. thank you mayor lee. thank you warriors. thank you web core hunt and those that will build us and jesse hunt and i would like our community partners to come up. we work together in coalition and when

we have the opportunity we would like to do this. charity cultural center -- i saw david. mother jackson, the god mother of bay view hunter's point. dan marcos and bay view and i see florence con and what this is about and why it's historic when we on the community -- we work with workers, communities, folks trying to get on these projects and as the mayor stated and supervisor avalos talked about and local hire is the last thing and typically around good faith and whose faith and it doesn't work this. is mandatory. the warriors are partners in labor. the contractors have submitted to working with us to make local hiring mandatory, 50%. local

apprentices will do this. this is historic. it hasn't happened on a project like this and what you're going to see and what we're all excited about. we will see a new generation of local residents come into the trade guaranteed through this agreement commitment and start their construction career and building this arena and bringing basketball back to san francisco. thank you. [applause] >> i would like to invite our speakers as well as many others to sign the agreement that codifies this commitment between the warriors and labor and the community and the city so i'm going to ask the mayor, rick welts, josh tearo and come up and sign the agreement. the

other signators will do it over time so you're not here and we are available for follow up but no questions from the podium so thank you very much. mr. mayor. [applause] rick, josh. -- [applause]

here to introduce the mayor of san francisco, forecast sf sponsor and regional vice president health system innovation and community benefit for california pacific medical center, please welcome judy lee. judy. (applause). >> good morning. i've learned a lot this morning nr tim and john and i think the most personally relevant to me is john's comments about the mortgage rate hitting the all-time low. so i think i'm going to have it call my husband and take that refi offer during the break. but back to the agenda. since becoming mayor, at lee has prioritized job grow *t and

making san francisco the innovation capital of the world. and the chamber has worked very closely with the mayor on a number of initiatives, one that we're very proud of is the midmarket payroll tax initiatives. that is to make san francisco much more attracttive to entrepreneurial companies and renovate a blighted area. we're particularly proud of this kind of public-private partnership to move the city forward. now join me in welcoming the city's first asian american mayor and i'm very proud to say a member of the lee tribe, the 43rd mayor of san francisco, ed lee. (applause). >> thank you, judy, very much for that introduction. good morning, everyone. >> good morning. >> it's great to be here at the san francisco chamber and of course the center for

economic development here, your breakfast for 2012, it's my pleasure to be here. i walked in as ed from wells fargo was talking and i just wanted to make sure you knew, i am eternally grateful it the chamber, to wells fargo for helping me create 5,200 jobs for our kids. that's a wonderful accomplishment. i've been your mayor for almost two years now and everybody is coming up to me and asking, are you enjoying it? you know, some of the politics in the city it's hard to enjoy but i will say honestly to steve fox, to the chamber and judy and all of you working together to keep our city successful, i do enjoy creating jobs. and when you see our youth get those paid internships or get that summer job at a number of all of your or starbucks, even, or the

jamba juice and all the others and the nonprofits as well as our city departments and you see the gleam in their eye that they can really be part of this community in san francisco, that's something i really do enjoy and i will continue enjoying that for this whole 4 years term, even though i will avoid all the politics as much as i can. but i want to begin by saying that since i started, as judy mentioned earlier, san francisco businesses have created 22,500 jobs as my start, including 13,000 new jobs in technology and industry alone. unemployment dropped from 9.6 when i started to 7.4 percent, third lowest in the state, and i said in other jurisdictions, i'll say it again, i think we contribute to marin and san mateo because we buy all the wine up north for

all of our hotels and it's our airport that's keeping san mateo no. 1. so thank you very much for understanding that. but also to translate, that means 22,,000 or 25,000 san franciscoans are back to work and according to our federal labor department for the metropolitan area and just this area alone, we are the no. 1 job creator in the nation. no. 1 in san francisco. that's a credit to all of you. (applause). in commercial real estate we have experienced the strongest absorption rate since 1988, according to the 2011 data. this year we're looking to even best ourselves. we've got 78,000 square feet of positive absorption to date and forecasters are telling us to anticipate 1 1/2 to 2 million square feet by the end of this

year. you don't need me to tell you how successful you are. just look around at all the cranes. in fact, i thought i was going to be late this morning because of the crane action and a lot of construction that's going on in the city, along with oracle's open world and all the events starting up and we're still getting around the city, thanks to sfmta but you can also see our success not just in what we're building. this week we announced all the wonderful world class events that we're holding and hosting in our great city. whether it's fleet week, hardly strictly blue grass, america's cup, our own giants winning -- by the way, thanks for beating la last night -- or our very dominant performance by our san francisco 49er's, wow, both sides. this weekend is going to be one of the most

significant ones because we have all these in play plus we have concerts and so many events going on and we have neighborhoods activated and connecting up. so it's not just that we are showcasing or that we're building our way out of the economic dole drums, we're showcasing our world class city with all these events and at the same time we're creating jobs and we're making sure our economy is boosting at the same time. we've been very successful at creating conditions to make sure that our investors and our entrepreneurs in this city maintain their investor confidence, allowing them to innovate, to grow and to create jobs. and whether they are a neighborhood or a small business or an international clean tech company or new technology company, they've got investor confidence in our city. we're also creating investor confidence because we have in working closely with our controller and all the other

financial organizations of our city and all of our departments, we're now on a more financially stable responsible path. we've done our pension reform, it's not 100 percent, we've gt a big chunk of it down and we're going to continue doing the smart things to make sure that pension is solid. and we've got structural reforms in our budget as well. we passed our first two-year budget. that's a wonderful accomplishment, one that i'm interested in to continue it make sure we plan for the long-term. and we're not going to rest on today's success. this is just a beginning and you know this is just my first year, 4 years, and i'm going gang busters on our financial economy, stablization and financial ideas because that's what we have to do first, is have a good economic foundation in which to grow. for the first time in years you've seen a lot of unity move around this city between business and labor, between the laib and the board of

supervisors. we've all come together to tax reform, on housing, on fixing our parks and open space. we've got this year coming together in unprecedented way to put these issues on the ballot before the voters and make sure it's the right time for all of us to be smart, to make long-term investments in housing and in parks and it is time to do tax reform. together we're putting people back to work, building our city at the same time and now the tax structure has to be addressed. a lot of people keep asking me, what is this tax reform? it's kind of complicated. and i tell them it's about real people, real businesses and real jobs. because it is now that we're the only city in the state of california that's got a payroll tax. we're still taxing job creation, opposite of what we've all wanted to do many if not most of you have complained for years, why are we doing this to ourselves?

well, i'm happy to report that we're long last at reforming our business tax structure. we're going to stop taxing jobs and we're going to help companies large and small start here, stay here and grow right here. and we need to protect existing jobs at the same time we spur job creation. in our consensus measure we'll generate new revenue for housing, for economic development and critical infrastructure like our roads and muni, investments that will help our workers and our businesses. and because we are growing and a vibrant economy we require a growing and diverse supply of housing. so we need a housing trust fund. that's proposition c creating a permanent fund to fund housing in san francisco we'll be sure it's a vibrant place for everyone to live, diverse backgrounds and diverse

economic spectrums. i remain committed to stabilizing and increasing middle to affordable housing which will create jobs and make sure people and families can stay in our great city. diverse interests do come together to make sure, after years of debate, that we have a long range sustainable plan to fund the supportable housing mandate for its production increasing home ownership and stimulating market rate production as well. and we need to continue to invest in our infrastructure needed in our city so that quality parks and open spaces can be the attraction for residents for generations to come. in san francisco we're pretty unique. we love our parks. we love our open spaces. and we need them to continue being a world class city. whenever i go to companies and have a chance to talk to

employees, they marvel at our open spaces. that's why we've got proposition b, 195 million dollar investment that will not increase your property taxes. that's what gavin newsom assigned me to and i worked hard to accomplish that. we don't fix it today, we're going to pay for it in the long run, our aging infrastructures exacerbate existing costs, we know that, and that's why we have placed a great amount of discipline in our all city assets. when we do this, we've shown we can build our assets and maintain them on time and within budget and for our parks bond as an example, the 2008 tax bond, all of them came in under budget or at budget and

certainly on time and this means this new $195 million dollars will provide nearly 1300 new construction jobs. that's how we get our city moving. and we're not going to move backwards. we have to move forward and i want our city government to move forward at the same time. something that i had hoped not to see on the ballot, an effort to tear down our hetch hetchy and question whether and where we would ever get the cleanest water this country has from the hetch hetchy source. i have said over and over again this dangerous and misguided effort, it will be disasterous for our economy and some people out there are sulgting we can tear down this dam and still get enough water for our residents and businesses and i tell you, that's simply not true and it is insane. (applause).

now, that's what's going on. what about looking forward? since this is a breakfast, to look forward. major development projects like forced cities 5m project to preserve the ionic chronicle building and preserve 4 acres of underutilized parking lots and industrial structures into an urban mixed use campus, we are getting that done. the muscone expansion project will assure our convention center remains a linchpin of our city's tourism sector and you know we have world class tourism in this city and by expanding the muscone center, we're going to capture a market that has been waiting to come to san francisco and not to other sin cities. i've talked to a lot of people and they have slogans like what stayness someplace happens in someplace, happens in someplace and stays in someplace. whatever that is. but you know in san francisco

when we hold conventions here and get all these great technology kupb conventions we're having, we want the whole world to know about it. we have nothing to hide. so we have a different slogan. along our waterfront, mixed use developments are being planned for seawall lot 337 and pier 70 that will create vibrant neighborhoods and in just 5 years we're going to welcome home golden state warriors here to san francisco. (applause). thanks to the vision of joe lacob and peter guper and pete welch, this derelict pier we've been challenged with for decades, pier 3032, is going to be transformed into an iconic

pier between at&t park. in working together we are developing area plans that will shape our city and our city's future for years to come, from the transit center district plan, anchored for the new transbay center which will provide space for 27,000 new jobs, 4,000 new housing units, a thousand new hotel rooms and 12 acres of new open space, from that center to the central corridor plan which will expand the south of market area hub, creating spaces for 30,000 new jobs and over 10,000 new housing units, we are diligently working hard on this creative planning for jobs for our future. and we're going to execute these plans consistently with our city's values. we need to make sure that our businesses and our commercial districts are places that welcome

everyone to live, to work, to shop, to eat, to have fun. we need to make sure they are pleasant, they are walkable and that we can arrive there and they are active around the clock and that they are green and the newest way of getting around the city is go rent an electric scooter and share in the scooter economy. and then we'll need to roll up our sleeves. we're going to need to get it done. i'm all about getting it done. i take these bold plans that were born out of our city's value and i'm going to make them happen. i can think of no better example of us working together, as judy mentioned earlier, than to bring about changes on central market. last april we passed a pay trowel tax exclusion to encourage twitter and other companies to take a second look at the neighborhood and i was just at one king's lane yesterday, which is one of the newer entities that moved into the what we call the

twitter building now, and they are excited. you should meet and see these employees. they are excited to be on central market, they are talking about their families, the schools and what they want to do and just a year ago there was only less than 100 of them. today there are 300 and they expect to grow fabulously. look at what else we have accomplished today along central market. 8 technology companies have occupied, leased or purchased more than 800,000 square feet of space, representing 3,800 new jobs. there are 3,300 residential units under construction and all of you can see that from 10th and market now. we have 5 new performance and gallery venues that have opened in the past year with 4 more in the pipeline including act's renovation of the strand

theater that they will renovate into a 300-seat theater. we have 8 new small businesses that opened up in the past year in mid-market as well as two expansions of existing storefront businesses and more are on the way. in central market and throughout the city, san francisco has created an environment that embraces and celebrates innovation. innovation is not a significant driver of economic growth, but it enables us to tackle some of the most long-standing problems and historic challenges that we face. that's why i continue to support and promote innovation in both the civic and private sectors to create a better san francisco. and with all of these technology companies that are moving into the city, we need to make sure that our work force is trained and ready to fill these positions. to do this we have launched tech sf with an $8 million dollar grant from the department of labor that will provided case, training and job

placement assistance in the tech sector. whether it's for young people coming out of high school or college or people retooling in the middle of their careers or are returning our veterans who want a chance to work in our technology industry, we're working hard to ensure san francisco residents have the skills, the training and the opportunities to work in these jobs. this is a critical step to making sure that the recovery and the economic prosperity reaches every neighborhood in our city. technology is not only bringing jobs to san francisco, but it's bringing new solutions to our government. we're embracing the use of technology and to enhance our performance, to measure our performances, to increase transparency and communications with our constituents and to transform our relationships with business and residents. many of you in this room already know how hard it is and how difficult it is to start a

business in our city. business owners have to navigate through multiple city departments, state and federal regulations, so now we're deploying technology to streamline this process. we're going to make it easier with a one stop shop to make sure our san francisco businesses can start here, stay here and grow here. innovation is at the forefront. let me mention a special area of innovation that's going on, what i call the silent giant in san francisco. you'll have in front of you this study. it is entitled from our council the world-leading center for health care and research that's produced and it will allow you to see how our medical industry is a 16.7 billion dollar industry for the city and county of san francisco. 16.7 billion dollars. it employs

100,000 people in our city, and because of that sleeping giant, i am going to be creating quarterly meetings with the medical council to make sure that i support their research, their scientific discoveries and help grow this industry. because, by god, in our lifetime, this medical industry, this research, their association with ucsf, are going to create the solutions for the world in cancer, in arthritis, in autism, in all the diseases that have plagued us for many, many years. we continue it look forward to ways to showcase all of the amazing and creative and innovative things going on because we are in san francisco the innovation capital of the world. we have even declared the month of october not just orange playoff month, larry, also innovation month in our city. and so october we've opened up

many, some 75 technology companies from central market to soma, are opening up their offices and many people walk in, letting people exchange ideas and see how these companies are run. we're very proud of that and we're going to continue embracing innovation for our future. ladies and gentlemen, chamber of commerce and center for economic development, this is the story of san francisco. we are going forward. we're not talking about the negative things in the past. we are not talking about the 99 percent versus the 1 percent, we're going to be the city for the 100 percent. everybody has a chance to succeed in this city. we are city of innovators, entrepreneurs, risk-takers, and we say how can we work together to make our city better? that's what makes san francisco not only the innovation capital of the world, but we have now earned the title, america's best city. thank you very much.

much.pars4 (applause)