i think will be coming forward. >> good morning, such a pleasure to be here. i want to thank you, mayor lee, pa your leadership in prioritizing access to capital for small businesses, which is so crucial. i also want to think board president david chiu and scott wiener for your of leadership, as well, the board of supervisors, for continuing to part by small business needs. two years ago, working solutions was chosen to administer the city's role of the loan fund and we have successfully lent out those dollars. $665,000 lent out to 27 businesses. the result is 16 new businesses were created and 11 existing businesses were expanded. 74 jobs were created, and even five of these businesses went on to later graduate and be able to

get some bank financing totaling $500,000 combined. we are so thrilled to hear about the recapitalization of the loan fund, with $1.5 million. this is such a thrill for us because working solutions is all about getting access to capital to the businesses that need it the most, so they can create jobs and thrive. we are excited to build on the momentum we built over the last two years for this loan fund. wells fargo, i want to knowledge. we have a partner with them for over 12 years. it is so exciting to have to be an investor in this fund and setting aside funds specifically for the southeast sector, where funds are so well needed. partners are truly the key to the success of the revolving loan fund and have been thus far. we really want to talk about how important that will be, going

forward. i wanted to acknowledge the small business commission, renaissance entrepreneurship center, who recommended brenda's to us, as well as the office of workforce development. thank you for your partnership and all that you do to support small businesses. finally, i wanted to congratulate brenda and libby, the owners of this fine establishment. you are such a shining example of small business success. i was just talking to brenda and she told me, since she received a loan from working solutions, she has doubled her number of employees, 24. the restaurant is truly a cornerstone of this neighborhood, and personally, it is one of my favorite restaurants. this is where i come to celebrate birthdays, family occasions, and working solutions even came here to celebrate the holidays. when you come here, everything is top notch, from the broiled

oysters appetizer, grew to the deserts, which are amazing. there is no describing how delicious it is. just wonderful. brenda and libby, your hard work and dedication and the entrepreneurial spirit are just so inspiring to myself and everyone. with that, i wanted to introduce brenda, who has a few special items she would like to bring up to have the mayor try. >> i just want to say thank you, in particular, to the mayor, mayor's office, wells fargo, working solutions. without you guys, we would not be here right now. thank you for that. there is the food.

>> this is our signature shrimp and grits and chicken andouille gumbo.

>> end of press conference.

>> all right, good afternoon, everyone. welcome to the thursday, january 26, 2012 meeting of the government and all the site -- government audit and oversight committee. i am supervisor farrell.

supervisor chu, out of deference with the other supervisors who want to be here, is in his office walking attentively. i'm also joined by supervisor scott wenner, supervisor olague, and supervisor campos. i want to thank the committee and also the members of sfgtv that are covering this hearing. madam clerk, can you please make any announcements? >> yes, turn off all cell phones. please present speaker card as there will be included as part of the file. mahnke. supervisor farrell: okay, colleagues, are there any comments to begin? madam clerk, please call the first item. >> item one, hearing of the needs of lesbian, gay, needs of lesbian, gay, bisexual, and transgender