to see you here. welcome everyone. our topic today is urban regions and 20 percent of the people produce 50 of the out put and people are driving in the economy but economic stagnation

and federal gridlock are skooegz the federal government service. add in the pressures of rooirz temperatures and the countries face to daunting channels. urban america needs a new playbook and we'll take a look at that. we have 3 guests mayor ed lee. and the president of the urban management one of the countries largest home bindles and a co- author of how the city's are fixing our fragile developed. please welcome them to planet one. (clapping). thank you gentlemen all for

coming. bruce cats let begin with you. we'll get down to some specification. you write that the great recession was a rude way. call thrills about that. first of all, that you for letting me be here. i think what led to the great recession was a miss guided growth model which basically said we can grow an economy consumed by department and focus on the meveng around homebuilding but the funds would tells us we need to grow an economy and debris i quite frankly as president in the region it's fueled by ideas and manufacturing because those are linoleum are linked powered by

carbon and driven by exports and dmroenl engagement but we build a economy like that we can begin to grow better jobs but the last exactly we went from 80 million to 1 hundred and 70 million people. in theory we want people to restructure the economy from one growth populated to another. well, the federal government has left the building and they don't seem to be coming back soon laughter purify or so we have the good news that the mayor's and businesses and civic leaders it could produce their communities their stepping up and doing the hard work to grow jobs and make their economies

more prosperous and respond to enlightenment and environmental chamdz. their equipping workings with the stills they need. power in many rights it rovlg down in the united states and leaders across the sectors a stepping up. this is a big structural shift and how we think about who runs america and who governors america. i don't think it's circle california. mayor lee schizophrenia san francisco in the bay area grow a prosperous future without dollars in about soothing. >> we have to do so, in fact, the predictions we have no other choice. first of all, i want to thank you for visiting us here in the common wealth.

i've been, of course, very lucky to be the mayor of this great city. we've had a innovation of great history whether for humans rights or same-sex marriage that's been that spirit in our city. we never left regional or national problems get to us. but i found i've been lucky to the mayor we were faced with very traditionally financial systems that were not going to save us from the likes of detroit and stockton and others. we were really looking at whether we were going to continue to do the same thanks that would bring others into financial problems. i took the realm hoping that all of my years of experience i

could have confidence and billed the spirit where we weren't trying to blame each other and except where we are and find the talented the magic between the board of supervisors and at the mayor's office but then the fiscal talent in the city that business talent in the city bring them together with all the neighborhood leaders and find solutions and create those things in ways we, talk about the problems and see the facts. i think that's incredibly important. having worked in city government for 21 years i saw those years where i say they weren't having a lot of fun with their conversations with everyone else across the aisle. so i have worked hard to build a collaborative atmosphere so we could receive facts in front of

us and challenge ourself on those facts. i've used all my past christopher skills and i do think i have strong feelings about this city. i see what's happened in the past 2 1/2 years but the thing that matters the most is the kids whatever they are their eyes are strarl. we created 6 thousand jobs this summer when we were called last year by president obama to create jobs. so we got 6 thousand 2 hundred jobs for kids this summer because of all the collaboration and when you say r see those kids understanding that something about the city is helping them land they're first jobs this earning power they

have and the education forms and creating those opportunities for looking at the destroys that are in our immediate future. i'd say there's a lot of miles. >> and their glad tow go back to school and our schools are tablets for the first time. >> your company builds homes all across america and a lot of them rely an government infrastructure roads and continentals is he if bruce is saying this infrastructure is not going to be funded like they were in the past hey, what's our new model. >> well, thank you four having us. this is a pretty important topic and the evolution is an

important book. the federal government has left the building with respect to my as to any. and it's been a while since we relied on the federal government. we have asked - we're going through all kinds of financial i'll say dancing around in circle to create new financial models that will enable us to build the new infrastructure that will support is the home buyers so again i'll say i'm really happy mr. mayor you're having fun (laughter) >> it's really important and a i would is that. >> about with respect to, you know, i'm very fortunate to trying to develop in san francisco this is a wonderful city and the current leadership

and certainly the past lisp has created a great approach. as some of you know, we have great assets like candle stick but prior to joining the private sector i was in the public sector and i had a unique advantage point. i was city manager of city of oakland for awhile and i was the director in the city of a.m.ville and i was leading portions of this city and i'll tell you that there is at least in those days it was very little regional thinking going on. and in reading the metropolitan

revolution. >> let's talk about the examples of ohio they realized they couldn't go it alone and how they came together e together. >> so northeast ohio like a good portion of the midwest sprrnsz xrrnsz the instructions but they see still had tremendous assets in the production economy. that is essentially an innovation economy; right? because they were building off their major institutions the cleveland clinic so you say flips in business crayons claefd and akron metro coming together and saying we've got the help your network of small and medium

sized companies we're not talking about big manufacturing firms that are retooling their business model and making investments in their facilities and any training workers and beginning to design their new proteins for global markets priermentd. because they're small they really need the help and support of intermediatey institutions so they can assess capital. they're all in what we would call the stem economic scientists and technology and engineering and math; right? and the country has really go forward for a long time the fact we've got a to start in our high schools having a fairly

substantial number of kids on a track brown where ware doing computer science to get the skills to go into the firms and no non-manufacturing companies and get good jobs. we decided we, you know, would send a sister-in-law that somehow the united states would generate the idea and produce all in china. in response other parts of the midwest large managing or merchandising companies and northeast ohio you saw philosophical in business and other global dynamics they're seeking substantially job growth are to the benefit of not just

the kids of ph.d. from stanford or mit but a whole bunch of folks coming out of high schools and colleges with technical prosecutors. >> tests map silicon valley it's great with ideas they didn't get made in china but it's great if you're an engineer or not so great if you're a generate but mayor lee how this model stacks up in terms of the collaboration. >> this would be returning the stats all the time about 17 or 18 percent of the economy so sun valley is reilly coming off of intense managing. the cooler than in the united states is this the the facebook and google realty but it's much

more sophisticated. so we willing have the board come here and my recollection so evidentially is let's look at facebook and google and look at it some of the prostitution companies if you want to get the full picture of renovation you've got to paint this board picture of oakland frankly and how that's become a major export engine not just in agriculture but, you know, off those products being developed. the sister-in-law to this region is understand who you are; right? don't forget the cartoon and the brand perhaps misinterpreted by other parts of world. and leverage your special abstracts and advantages in a

way that can lift up large numbers of kids in this city and oakland and richmond and pittsburgh this is really critical that the united states go back it fundamentals and a understand how productive and innovative we are both in idea generation by in merchandising so we can move forward post recession with a much more sustainable model >> well san francisco is a very great place to live but not so clear on a desirable place to do bus. >> well, that certainly was on my mind when we were krofrd a few years ago from a company called tweeter they were looking at a large business in san

francisco they were going to grow if a 2 hundred employees to over 2 thousand but they couldn't pay that kind of tax for that growth and we are the only couldn't in the state of california that had the payroll tax to chu and i and kim got together with tweeter and thought we could forge something but not just give it to them therefore we looked at the whole of market street. we used to having some great places on market street and i understand some of the history that occurred there part of it was because we didn't do transportation well, that caused a lot of the businesses downfall so we survived with a challenge we we felt maybe this was the way to do is it is create an

area where we can provide that tax break but only if you locate this and deliver on the jobs you promised. that was a good 2-way street that started an important conversation 0 how we talk with new companies and visit them in do seduce their needs. we have today 4 thousand 8 hundred technical companies because. and i count every single one of the folks that work there >> the consumption on mid market goes from 10 the street to an. we got some pretty good skews because with tweeter and one

king plain they all came about 5 to 7 of them. but the real skews the biggest success we felt was duo i didn't looshts came in at 8 and 10 and market without invite and said we don't need our taxation break we're going to locate our business right there and they're under construction as we speak. donates the real testament. i understand what government can do but i've been around the corn too. it's sustainable for government to run programs forever whether it's welfare. this is our role to get people on their feet. that's why i emphasis that example that we used we created

the right invitation i believed we identified the right infrastructure, we were working with them on bikes lanes to transportation routes, we commented to a safer market street so that's why you see the subway on market we helped them realize they could have a better market street and twitter is expanding the building the old building is completely filed and they're working on the building behind it but they've caused the incentive to occur that one of the most important thing is how do we built investigator confidence. eventually we're not going to have enough money but i've got to find ways