>> good morning and welcome to the san francisco chamber of mers citybeat breakfast i'm corain't nova with abc 7 news bay area. i will be your mc today festivity and i'm excited be here. this morning at pier 27. is this a beautiful location? yes. a very gorgeous vow. the sun is coming out it is incredible husit here you look out and think, this is our city and we get this imagine cal view. thank you all so much for being here. all right we take a mobile home and think back to when our city

locked like in 1850. gold was discovered. the population was only 300,000 people in san francisco was quickly becoming the learningest and most important mercial financial center in the american west. since 1850 the chamber hen a leading champion of entrepreneurship. from the trans continental railroad to the inter~ national expo than i champed initiative this is makes san francisco a global land mark there it is a cruise ship and people come become because they life our city so much. today, the chamber is doing what they do best am bring us together because we are all committed to supporting the prosperity of san francisco. advocate for businesses of every

size city and neighborhoods across the city and wrooej region. i love this. at this time chamber is a champion for all businesses when we come together we can credit a better city for all and any of you this watch abc 7 news we say, building a better bay your. we have a passage today from the unvilling of the united airline citybeat pole results to remarks by mayor breed and board of supervisor president aaron peskin. and before we get started a few house keeping items. we are excited bring you an inspiring element to today's events. live lettering in it it is a live lettering illustration by our talented local bay area artist emily and i think emlow is over there. so all have you to do is you

scan the qr code on your program. and share your thoughts on your dream future for san francisco. and your message can be in our live lettering illustration. she will take us on a journal frean empty can vis to our community our san francisco. and now. i am excited introduce our first speaker, someone some of you might know limp read neil fong president and ceo of san francisco chamber of commerce. [applause]. a quick introduction for read neil a fourth generation san francisco and small business owner he is a champion for all things san francisco we were talking about taking a cruise and all the great things you can do from in this area. he continues to bring our

business community together with global to credit a better san francisco. so please, help mow welcome. rodney fong. welcome to the san francisco chamber of commerce citybeat breakfast. we come together this year with knowing our city at a cross roads the result of our toll tell us we have w to do. all neighbors are pessimistic about san francisco than ever we have challenges. i'm confident this san francisco will over come. through great fires, quakes, recessions and pandemics we are a city that reinvents ourselves. there is a heavy dose of perseverance in the dna of all of us who choose to live and

work in san francisco. we use the challenges as opportunity to achieve new heights. i see san francisco's challenges as a once in a generation opportunity to have a new vision. this vision starts with recognizing the importance of our city's economic core. our downtown has long been the centers of accident and provided jobs for hundreds of thousands of san franciscans and has been the backbone of our city budget. feeling 80% of the city's gdp we must take aggressive action. we like to say we must prosperous to deliver on our progressive values. we have to embrace the moment as a chance to reimagine our core. to ensure prosperity of the city.

and that's yet chamber has been fighting. fighting to rebuild a strong economic core and address income inequality and city streets are clone and safe for residence dens and tourists. to make san francisco a beacon, a leader of sustainability for the nation. to embrace our entrepreneur and provide a path way to growth. and break brown barriers break down the spirit of mall businesses. i challenge us not to look become at what san francisco was but to look forward to had we can be. to reimagine and push forward a new and even better future. of of in the coming years san francisco will play host to the stage. apeck in november. the asian pacific economic corporation leaders from 21 nations will visit san

francisco. to the fifa world cup in 2026. superbowl in 2026. i want to thank this year's sponsor united airlines give them a hand, please! want to thank our sponsor fifth third bank. give them a hand, please. our connecting sponsors bank of america and beginsler the chamber board is here appreciate you shirr thanksgiving vision issue stand up for a second. thank you all. i want toeck niez city government here mayor breed

thank you. d ajenkins. city attorney chu thank you for recorder assessor torres is here he is the best dancer among elected officials. and cathlisten stefani. supervisor mandelman thank you very much. supervisor walton and safai thank you very much. our department of public health. is here. office of small business katie tang is here. thank you very much. [applause]. i can't leave without thanking our staff at the chamber. we give our staff a tremendous hand for all the w they do. lastly i want to thank you for joining us this morning. it says a lot had you peculiar a

room with almost 600 people. standing room only in the become this feeling of pride of chamber of commerce membership pride the feeling of association belong the feeling of alliance and feeling of comraderie is so important now. and it starts here today. so i want you to introduce yourself to somebody at the table we are no long are strangers we are all san franciscans and we need all of your help to make the changes and reimagine mag san francisco we know it can be thank you very much for coming. [applause]. thank you, rodney. the chamber is luck tow have read neil's leadership. give him a round of, [applause] i'm honored introduce board

president peskin he represents district 3. my direct telegraph hill and earlier elected to be the president of the san francisco board of supervisors. please, help me welcome president aaron peskin. [applause]. >> good morning and welcome to the 173rd citybeat chamber breakfast. it is rather remarkable if you think become to 1850, buzz it all began right here on our water front. and stretching from here are the first neighborhoods of the city and county of san francisco. and what became the center of commerce on the western seaboard of the united states. our downtown. and between the areas, the

neighborhoods of china town and north beach and telegraph hill; which today like the new york experience, are thriving. andure downtown this is ailing -- let's not sugar coat it. we have a challenge. much is made of our lore of the 1906 quake and resiliency surviving 2 pandemics we never had challenges like this. and yes the cliche opportunity in challenges. i don't want to go become to the lessons of 1906 or 1918 pandemic i want to go back to the lessons we learned a few short years ago that reminds us that san francisco is still the city that knows how. this city's response to the

pandemic, was better than any urban area in the united states. true i salute mayor breed and grant coal fact the director of our department of public health and my colleagues because we listened the doctors. now we have to repeat that experience. san francisco is not the only city in the united states that are facing these challenges. let's be role they are much more acute here. they are. and nature of work is profoundly changed. an opportunity is to reimagine our downton abbey. i relationship neighborhoods from here to daly city why an emphasis on downtown? it is not just because of the

tax revenue. it is because our downtown is a symbol of san francisco's place in this metropolis. it is a symbol of the vitality this san francisco is known throughout the would you recalled of finance, iny vagz and business. and we can breathe life back and let's talk about those opportunity. first and foremost, this is a time to get back. this is a time to get back to basics no moderate potholes to fill. there are just potholes to fill. this is a time to check politics at the door. and if there has been a silv ever lining from this pandemic, it has been this a lot of folks who lived in their own scyllos

who demonized other folks are starting to talk to each other because we don't have the luxury not to do so. from those conversations good things are e merging. rather than working oping suspicion to the chief executive. my office and the board of supervisors came together to champion a reenvisioning of downtown that legislation will be before the board of supervisors next month in the month of june. and to turn san francisco to reimagine san francisco's downtown to be a real neighborhood. we have been victims of our own success. san francisco's downtown was more susceptible to a virus. because it did not have the

diversity of uses that could keep it sustainable and vital when a virus like this hit. we can eject housing into our downtown. we can reconnect san franciscans and people from the region with arts and entertainment and culture that our neighborhoods are known for. our downtown is very small. it has all of those unique, interesting alleys like the first treasurer of the city and county of san francisco. african-american man. it has places like building accomplice with the downtown partnership. with advance sf and this chamber of commerce. we can enliven those areas and make place in those yours we have to check our politics at the door. everything is on the table.

everything. harvey milk said i'm here to recruit you i'm here to recruit you. i need from the city. absolutely when don respect monies was sent to the curb, kicked to the curb the politicians go to don ramones it blew my mind when boston properties down the street offered them a place at embarcadero plaza. you guys put skin in the game the city of san francisco will put skin in the game. conversations we have been having in room 278 rodney fong the most hopeful conversations

now we have to put nel action. the board of supervisors said yes it a higher wages for law enforcement. said where is to a 25 million dollars mid year supplemental appropriation for our police department. we said yes to expanding ambassadors now taking the next step, which is we have to get our collective hands around this fentanyl crisis this it is a humanitarian crisis. we cannot let it persist in the shadows of city hall. i need your help in getting this done. this is still a well resourced city. and it is in the going to be fun cutting 750 million dollars out of our municipal budget in the next 2 years. but we have been there before.

fiscal prudence is a progressive value. i want to say to this mayor to the previous mayors i had the honor of serving under. previous boards of supervisors and to the controller of san francisco. we have the highest municipal bond rating in america the healthiest rainy day reserves. we will continue to do that. we'll live within our xheens be real. the booming economy that would not come to an end. upon goda start with a clean and safe city and when i see the collaboration that is happening. with rodriguez and alliance with

counterparts sf and the chamber and spur this are happening every 2 week in room 2 svelte at city hall it gives me great hope, great hope, i'm steeling i line from waied rose. there is no silver bullet. but well it is silver buck shot. and we gotta work together on everyone of those piece of silver buck shot and when we do, we will like a phoenix rise from the ashes. thank you. >> [applause]. >> thank you president peskin. it it is now my pleasure to turn it over to the san francisco chamber of commerce board chair catherine thompson. took over board chair in 2023

and has been a strong advocate and leader for the business community. welcome to the stage the 2023 chamber board of director chair catherine thompson. [applause] >> good morning. grit to see you all. i'm honored serve as your chair this year. it daunt to lead the chamber during challenge but i'm optimistic. i want to takeow a journey back to 1995. i was a high school student in san francisco that year my father jay kay hill was serving the board chair of the chamber of commerce i went to the citybeat breakfast that year i can't remember what was said. thinking from then to now there are things i could not imagined that were in store for the city.

first, i tell you i cannot have imagine exclude rather eaten slugs than think i would be speak nothing front of i learning group as the chamber board chair that is the least of things i could not imagine mag. i nod foreseen a stliefing neighborhood life sciences and minigolf course in mission bay. the presidio would seat remnants of military presence fade creating an opportunity for residential life desirable offices and unparalleled place for recreation and nature. or the giantses playing in walking distance of downtown bag 3 world series titles so far and the down the street the golden state worry yors with a chase center attracts sellout crowds and host concerts for musical

acts. okay, a few more. i would not imagine i enjoy coffee and watch my kids play on the octavia corridor where off ramps used to stands. every summer a musical extravaganza thanks to warren hillmachine. take yoga in grace cathedral. ride across town in a driverless car. the city of san francisco allow restaurants to have al fresco dining where cars used to park or the golden gate park tennis courts reason nayed with a gorgeous new facility including a court for pickle ball. back in 1995 i might have said all these are impossible but they helped. they were not easy. they took vision.

they took time. they took monfreindividuals, government, or a business mount this rescue noised the potential. they took bolded vs to lead the way. community engagement and support and they took working together >> i can tell thank you i don't know what san francisco will electric like in 10 or 20 years i know if a city can reimagine itself it it is san francisco. we have a chance now where the interests of residents, businesses and city government which have seen miles apart are alining. the changes will take time, vision, they will take playical will. now is the time. reimagine san francisco and get to work together so that today's high schoolers grow up in a san francisco that is better and strong are then and there they could have imagined.

thank you. >> thank you for the inpyring remark and humble bathroom about our stele it is okay. san francisco chamber out going chair scott dunlap is unable to join us in person today but wanted share a video with us. scott shows amazing leadership for the board in 2022. let us hear the highlights from his time as chair. good morning nothing more satisfying than passing baton to machine an extraordinary leader but also a special colleague and friends. my very best wishes to our new chair catherine thompson. i want to open with a message of

gratitude the opportunity i had to work along side a team of leaders at the chamber of commerce. rodney fong you are a tireless force for positive change i learn said a lot about leadership, building a high performance team and taxling tough problems with conviction and compassion the fact that the chamber is best in class committed, creative and collaborative; i was fortunate to step in the role of chair last year with a board executive committee made up of a list business and civic leaders. the chairs of hard working committees that got things done for the chamber and members. to the full board of directors at the chamber and all chamber members, thank you for the trust you accomplice in the mow to

lead during a time of reopen congress change. it was a personal and professional humanor to be part of the achievements for this great city of san francisco. one of the executive community members told mow he thought i had it easy last year. i think he was comparing me to the 2 year duty lead by franklin during the pandemic. i don't know anything in life is easy these days i will say this, i have a lot of fun. we held this city event in mileft year in person for the first time in 3 years. we held merchant walk in neighborhoods across the city. we celebrated ribbon cuttings, had a mall business week like the one this month where we celebrated women owned business with opening and closing parties at the east cut and pearl.

we hosted executive receptions. unite sf workforce development program. will there were leadership san francisco fundraising and the leadership san francisco program resumed live classes last year. the well conference is back. and we had the best program in the history of the cham bedroom at the design center with art, combament, culture and business center stage. it was a year bring people together after a period of with drawl and isolation. a year of impact in public policy. in new chamber membership and the further growth and diverseification of our board. if you missed that, there is more of it in the month and year ahead. follow us on socialing media. visit the eventss ping on the chamber website. we invite to you engage we need

your help, voice, ideas and your energy. if you work downtown, please, come become to the office. small business needs you. public transit needs you. san francisco the greatest city on earth needs you. it is killing mow not to be there thank you and enjoy the program. >> thank you, scott for your leadership and all that you do for our business community. now it is my honor to introduce managing director state and local government affairs at united airlines a long standing chamber partner possible policy and sponsor for 2023 citybeat.

give a warm welcome. [applause]. >> good morning. now it it is my pleasure to introduce our keynote speaker. san francisco's visionary leader mayor london breed. has a beacon of problem and resilience since shes she has taken office. stands a champion of change work to create a city that thrives with opportunity and compassion. with that, please join me in welcoming our bad ass mayor of san francisco, london breed. [applause]. >> good morning and thank you. right now we are at a unique moment here in san francisco. just yesterday i was at an artificial intelligence conference in downtown san

francisco all ai leaders from all over came to our city to share ideas around the technology that is changing the world. the excitement and the energy was inspiring. 11 of top 20ai companies are here in san francisco. 3400 employees and 5.7 billion dollars in capital you can't talk about ai without talking about this city. we are at the heart of when is next. the centers of innovation the home to those dreaming of what is possible. we are in a moment. a moment bursting with opportunity were uncertainty, yes. that's who. real opportunity. 3 months ago during my state of the city we launched our road map to our downtown recovery.

this road map is recognizing we need to change and set a clear vision. this we can't just do what we have always done and cross our fingers and hope that everything will w out. there are challenges we face. and all of us everyone in this room we can and must work together. to solve them. and we need to start by changing the narratives about san francisco. we need to tell our own story not let others in the news mode why who don't live here talk about our city when they have no idea when it feels like to live here. we know [applause] we know san francisco must be a safe city and that starts with our police force. since the start of the pandemic we have struggled feel police academy class and lost officers

to retirement and transfers to other cities. we are over 500 officers short. we have a plan to reverse course and get our city back to full staffing. to fill those academy classes we are increasing pay, making san francisco the highest paid starting police salary of any large city in the bay area. to keep the officers we have from leaving or retiring early. we are funding retention incentives. we are sending the message this while reforms matter and are important. we can celebrate our officers while holding them accountable in the highest of standards in keeping all people in this city safe. safety is about more than police. our street crisis sponse team is out 24-7 responding to emergency

mental health calls. our ambassadors across downtown on the waterfront and throughout our neighborhood. they are supporting our small businesses, worker and our residents. we have all seen the head lines the 1s that take the challenges that we face and make it seem as though those other only things this define san francisco. i know that we have work to do. but there is a lot of good happen nothing the city, too much part of our road map is to celebrate the art, culture and entertainment that makes san francisco so unique and a destination. we want residence den and visitors to come to downtown we employees to be excited about manage to work. we want them to walk out on their lunch hour to the ferry build and discover a music performance of want them to stumble on yerba buena arts and maker market and union square in

the bloom. you don't get this at home going from your bedroom to your kitchen to bathroom and the things that we do at home or don't do. right? and downtown can't just be a 9-5 financial district or just for shopping. times are changing. they have been changing since before the pandemic. just left week we laufrped the city's first night market. that brought over 10,000 people downtown on a friday night. our streets are magic when they are alive with people. they are filled with possibilities. and to keep our existing businesses stitial and recruit new ones to join them. we need to reform our layers of local taxes. 2023 -- that's all the company owners out there clapping. 2023 taxes can't be the same at

2019. they were not working then and they are not working now. let's diversify our business community by bringing in more businesses bring nothing more biotech and green tech and continue to grow ai. expand our lab space so we have more of the incredible talent that is the enkosovo of the world. making the ground breaking discoveries and changing lives. we got the best universities in the world berkeley, stanford uusf. cultivating the brightest minds here in the bay area. these other people who are going to change the would you recalled. and we need to create the space for them to grow and deliver on that brilliance. we are changing our zoning across our downtown and union area to help film empty space with more diverse use.

the nature of retail is different. people are novelty shopping the way they used to. and we can't keep pretending they will go back. we have to be relentless in getting rid of the barriers to everything we do in san francisco. from permitting small businesses to building housing. we can't just say there is one thing there and here. we have to diversify my housing for all plan takes down the bonjourock res to get in the way how the housing we need for workers, families and seniors. weave face enough obstacles. we can't keep getting in our own way. our future can't be about the person and technical changes we need. we have to think big are. have to dream and be open to new possibilities. that's in our dna. look all around this city pier

70 the old iron works that built military ships and bart tunnels. it it is now home to ground a ground breaking satellite technology company it was abandon exclude unvisible and it is changing the future of technology. crissy field old airplane hangers turned climbing gyms and trampoline park. when knew. look at our i conic belling the transamerica pyramid now they are investing i billion dollars into trans forming the property and the surrounding area into a beautiful new space. how many visitors in to san francisco and go to the pyramid build and look and say. oh , it is people working here. tell be a place that people can go, restaurants and all things not just for business but the

public to enjoy and visitors from cross the world to dream. this is what we do. we have to look at westfield mall not as a mall loeszing store which most did not shop in. but as a place right for reimagining from science to technology to lab pace it is a 5% vacancy rate in need of those tall ceilings. anything could be possible. we have to look at mosconi center. think about this under utilized space on top of mosconi center. and how it could be endless possibilities in opened up and made available to people. a new professional women's soccer team is coming thot bay your and the tome is having a launch event in the presidio in june. would be incredible opportunity

for downtown? may be plants it on top of mos scene and he create a new dynamic what downtown could be many may know mosconi was nothing but ping now look what it it is. let's not stop there we know what it can be we have to look the change happening. not as a reason to despair but as an opportunity to dreamful we have to be bold. some -- of it may never happen. but that should not stop us from putting pen to paper. sad low tell happen. the world is changing. how we shop changed. new generation is changing in san francisco we celebrate our history as we build on what no one thought was possible. join me in changing the

narrative and talking about more of when is possible. everyone in this room has a role to play. to build new housing. to start or grow a business. to transform a building and make it something you never thought it could be. to tell the story of when you are doing to be a part of our incredible future. to tell the story of this great city. we got work to do but embrace this work. let's chase those opportunities. think big are then and there we ever have anymore. and we will make magic help in san francisco again. not let anyone tell our story or talk about had we are. we know who we are and know when we are capable of. we have challenges. and the last thing i want to say before i leave, is this i need support from the business

community. i know that -- in many instances the past years had ballot initiatives and taxes come forward. most of the time the business community wants to stay newt roll and focus on doing accident. and the sad reality is now we are starting to experience what is happens when you put forth bad policies it is crippling business in san francisco. so when i start to propose changes and w with the business community and others to reform our tax system so we are not double dipping or doing all the things impossible for business to predict financial certainty trying to hire staff and create all the new opportunities, i need the business community to have the courage to stand with me. i need the business community to be willing to take chances. the city have worth taking a chance on. i'm willing to put it all on the

line. for public safety. to address the challenges around homelessness to build 82,000 unit in 8 years and reform our tax structures and dot things that will help get our city to the next level. i will be counselling on you and counting on your support. if i know nothing else about the city and county of san francisco, i know this we are resilient. i know people may try to kick us down. for whenever reason we continue to e merge and emerge a better, stronger i have brandt city then and there ever. and no one will stop us from coming become from that. thank you all so much for being here and having me and let's get san francisco back on the right path. [applause].

>> thank you. mayor broed. for shirring the amazing things that are in accomplice here in our city the changes we see and inspiring some of us to be part of the change to make the city even better. thank you, another rounds for san francisco mayor london breed. [applause]. now i would like to invite rodney fong back up on stage to share more about the work and vision of the san francisco chamber of commerce. rodney. of great. thank you. like all of us in the roomim i'm bullish on san francisco we are still a world class city with stunning rus. haven for creativity. welcoming for all and home of a highly skilled workforce. now more than ever we need to highlight those strengths of san

francisco. as we look to grow, retrain, new industries we have to start doing a job of selling san francisco. i'm excited shareit@cbsaustin.com center for economic development is relaunching. the center for economic development aims to grow san francisco economy helping bye-byeses expand and like to welcome ken instrument the new executive director of the economic center for economic development welcome ken. thank you. . i'm proud to share the city hall w to help show case san francisco for work here is what

we have to offer. please, watch this vo. >> said the city changed me. i told them this city made me. the people i met, the places we have been, it has begin mow opportunity i never would have seen. with open arms, open minds this city has helped me be me. it shown everyone when you bring different together you must have the world forward.

this together a ripple becomes i wave. and possibilities become realities. and another single meeting can be life changing. here we defy conventions. change perspectives and inspire future generations. we are bold. we are golden. we are the break in the clouds. a beacon in the dark. a haven for wild imagination. put the world in your hands. we are the collective endeavour this changes the world forever. this is the chance to see what we can become. make your place in the future let where you are future in san francisco. i hope you enjoyed this video and watch for you future advertisements it attract employees, businesses and travellers to san francisco. the san francisco chamber is invest in the reimagine magging our downtown. to be more vibrant and diverse and sustainable. we know to accomplish this we come together to explore ideas and push for fund pregnant policy changes.

the chamber is a condition venaler my goal mro vied a table for thought leaders to come to forge solutions. i know that there will not be one hero, one idea that will solve san francisco challenges. in ways i have never seen business community brain store, champion efforts. these efforts are centered around making housing production pencil out. funding our transit system and making downtown fun. vibrant the mir was suggest. this monies supporting the small businesses make it easy and less costly to open and up operate a business. in nkszing foot traffic in downtown for a customer base for businesses through event and programming. continue to advocate for clean and safe streets to employees, residence den and visitor who is

want to come to the downtown and exploring ways to make conversions of existing spaces to new uses and serve industries. over the course of many months our partners #ing out policy ideas we look to make a new future take a moment to hear from our business leaders on their thoughts yet future is better if we stay together. i grew up in the central valley and i alwayses wanted come to san francisco. i got a job and hen here for 17 years i love the dna of san francisco. my pitch would be about natural beauter or environment. capacity of san francisco. things ino have aed every mobile home. and this statute future. >> san francisco strengths are when they have been. i think than i other location

the proximity to the great worker the foal of san francisco. opportunity with location are real strengths. why foals like a headquarter city and so many great company and inventions and things that happened in san francisco i think for a company san francisco is a top choice. >> make your future san francisco in the video created by chamber in the business community was inspiring. it shows the opportunity that businesses have in downtown san francisco. i think for us the pandemic was a restart and now an opportunity to bring streps and small business this is have been processed out >> san francisco reinvented itself this will not be different. in terms of the next level the community. workers this come in the city the neighborhoods where people live and we are optimistic about the next version of san francisco which is arounded corner yoochl san francisco finds a way to over

come obstacles an earthquake, pandemics. we come back better and stronger. we are forward thinking. and we work together when challenges are in front of us and i believe this san francisco will be the future once again. >> we're better together we achieve more when we passport one another. we can't be in scyllos we have to lean in and support each other. woo have to have a shared vision. there are strength in numbers. better together a community builds a community. you need people working, sharing ideas and individual may have a good idea they have to implement. one word, stunning. >> fun, >> magical yoochl in gestic. >> pure opportunity. >> home.

>> can i ask the commune leader part of this video stands up. a part of this. as we imagine the future of san francisco we have to include the voice of that future. our youth. and a few mons ago the chamber called action to the youth of san francisco. we asked them to share what their future of san francisco looks like. it is now my pleasure to introduce the winner of that competition a filipino-american born and raised in the bay. he works youth speaks and a student at university of san francisco. help me welcome brandson.

[applause]. >> >> good morning. everyone. first let me say what a heavy honor it is to be here. to be able [applause] wow.

okay. we have another reason to celebrate. brandon he is a grut from the university of know fran. just graduated saturday.

so -- yes. amazing. okay. right now we are going to continue on. i like to invite back on stage to share this year's citybeat poll. >> good to see you again. it is my pleasure to be here (ing the findings of the united airline citybeat poll. to share how inference france are feeling about our city and where it it is headed. before i dive in i want to share with you how united airline and my clothes feel about san francisco. this is one of 6 bases for us. we are so excited work with leaders and the sfo team and

invest in san francisco. we have big plans for you our term untils and employees are excited be here and serve the friend low skies from san francisco. we will continue to invest. we have hope and optimism. will shirr, lot of information this morning this may sound less then and there exciting. what is exciting is the opportunity that you will hear today. >> the citybeat poll takes the pulse of our city and did thea to policy maker, business community and the public about occurrence. the past yers the chamber commissioned the poll with well respected firm ence search. survey voters opinions and on many issues the greatest concern to them. ask the same questions yearly they can be identify in the useds a baseline on opinion and

attitudes. now the data is more important you heard today san francisco has a generational town to tackle our biggest challenges. president citybeat poll gives insight to had san francisco votersment. hear had they have to say. >> 77 percent of voters say san francisco as a whole is on the wrong track 17% say we are headed in the right direction. a similar 73% said this quality of life in san francisco over the last few years gotten worse. 5% say it got bfrment 20% said the quality of life stayed the sameful as we talk about the future of the city, we are seeing significant low more residents concerned about the quality of life in san francisco over all. compared to neighborhoods where

a lower 48% said quality of life got worse. those high numbers on quality of life are also reflect in the reactions of individuals issues. a top concern this year has been crime and public safety. in our 2020 poll 26% listed crime as a top concern last year increased to 55%. in thissier's poll 60% of the voters said this crime was i top concern. 77% of the voters say crime got worse over the past few years. dig deep or public safety this year's poll asked if than i felt safe visiting downtown. 64% said, they feel safe visiting downtown during the dame only 30% said they felt safe at night. another issue of our city

continues to face is cleanliness of our streets. 75% of those polled said this the conscience had gotten worse. san francisco downtown is seeing pick up according to the chamber data dash board 26% say that they go downtown 3 days or more a week and 41% are going witness a week. 91% of residents agree that a thriving downtown san francisco is critical to the economy. this is huge. we know that our downtown is the economic core of our city. feeling 80% of san francisco's gdp. without the taxes in the core our city will have will not have the funds we mead to execute social program and expand on the issues this we are identifying and address being and the needs we have rising. know thanksgiving san francisco

residence understands how close low tied the future of downtown is to the business ecosystem and the future of our city is a point of optimism. does not feel like it but there is. inference france are spicht of the solutions to issue this is proposed by our mayor breed road map to downtown stan fran future this is critical. san francisco's business community come together to support and advocate for initiative was rebuilted economy and economic core own liveable spaces, programmable and resilient neighborhoodses. voters are support i of proposals roll to downtown. i have a few to share about that. 77% of our voters the voters agree that there should be more downtown housing. 79% of voters agreed should be

more events downtown. 75% of voters agree should be more restaurants and bars downtown. and 78% of verts agree that should be more entertainment downtown. there is also a strong support for offering financial incentives for mull and large business its stay and move in downtown. with 89% supporting incentives for small businesses. 68% supporting for learning businesses. san franciscans are concerned about the direction and the future of our city the issues are not unique to san francisco homelessness, crop, drugs are complex issues this steles throughout the nation are currently experiencing. it is said earlier it is acute here in san francisco. anywhere can reinvent and take the issues it is her in san

francisco. we heard loud that san franciscans are committed and willing to support the solutions. our citybeat poll strits they have support from the public and deserve equal support in city hall. overnight months the dataal inform the chamber advocacy agenda working with partners, officials and leaders, all of you to address the issues our city is facing. thank you very much. [applause]. yoom thank you. a lot to think about. information there we appreciate you giving this information. you in i'd like to scombrus to you peter greatly. greater bay area head to introduce the economic forecast. peter in come on out.

>> thank goodness i don't follow brandon. i feel better about that i like to thank the san francisco chamber being i valued per in. we are excited be to be the sponsor of citybeat to help bring the information to the city, leaders and businesses. for those of you when are in the familiar with fifth third bank in business for over 160 years offering solutions to business ordinance. in california market since 2012 and in san francisco for over 4 years and expanding to central valley. we added a team of waling advisor in our area we are help to have them on our team. one of the few u.s. banks named world's most ethical companies.

with i commitment to taking care of customers, employees, communities and shareholder the 12 to be the highest performance bank and the bank people value most and trust. now i would like to bruce you to chief criminalist jeff, he is a princeton grad, ward wing author writing in the hear vardness rerue. news week and other publications. and appeared on cnbc and fox news. most reasonable louded a leader on models for hiring. people with criminal record and public safety throughout employment. and the elementary school called him a big deal. jeff, welcome.

thank you very much will appreciate this introduction. this is a morning of great insparation the economy is no different. left year remember our view was out liar in the industry. we believed that we would not have a recession in 2022 not all the problems would be solved but that we would have time to address the issues. and i'm sorry to tell that you we are running out of time. and this is most evidence in the pace of inflation in the u.s. a charge of core inflation the many measure and this charter will vertical gray periods of recession the 2020 recession. and you will see is that we were in a stable inflation environment low inflation environment prior to 2020 as we

know coming out of the pandemic we had inflation. and made improve am but stalled and stalled levels of inflation that will keep our federal reserve and central bankers keeping the foot on the brake of the economy and risk i recession. reason it is stalled is because we have persistent wage growth above what would be consistent with acceptable inflation. wages are climbing too high. 5%. one average hourly earning it is other cost index includes benefits in both cases when you have inflation and wages 5% you can't get to the feds target of 2% core. the feds will keep tightening or rates consistently high in ways to slow the economy. risking i recession .

the reason wages are so high buzz we have an unaddressed issue. imbalance in the economy. and there is good news to this imbalance and bad news the imbillions the difference with job openings and job seekers in the united states. it is the labor shortage. and this point in the economy it is all about the labor shortage. huwe address this whether we have a recession or not and how bad it will be. the chart before you shows the difference between job open happenings and seekers. in the what we considered traditional in grown we had more seekers then and there openings. in the business community this was great. every opening unfilled you pick and which hes and not pay up for them. by 2018 and 19 the red area

starred to see the labor shortage play out interrupted by the pandemic. now in a place on the far right side of the chart a labor shortage of a magnitude we never seen before in american history. the difference is roughly 4 million workers short. and as long as this persist its is in the only a brick on long-term growth and hinlders our growth it is caution inflation. there is good nows gives time because when you have roughly 5 and a half million j.w. seekers and openings every month, many of those seekers land jobs. we had a payroll growth. how big. red line shows become to the beginning of 2022. we added 5.sick million upon jobs. that is great new and means we are not in a recession and not

close to a recession. how do jobs fair in recession electroniced in every recession this is the other lines you lose jobs expansions you gain. we are going to gain jobs for a time but starting to lose momentum. this is our fear. because under the job growth we see decay in the u.s. economy. this shows relationship between green fed funds rate and bluff bank tightening stoornsd, you see on the right side, banks tightening lending standards in the wake of silicon valley. this is only moved up higher not bad we are already deeply pessimistic in the banking sector as a whole and tightening standards that tends to think of the fed tapping the brakes with

a rate increase. the events learningly centered in this market and the banking industry slammed the foot on the brakes risking further growth down the road. weave pay attention to surveys of purchasing managers they have a forward looking view of the economy. we pay attention to purchasing manager in manufacturing this is the green line. this is a survey from the institute of supply management that poles purchasing managers and asked our conscience better this month? percentage of respondents say they are better is what creates the data points when you are above the 50% mark that that horizontal bar you are in the contraction. look on the far right side you see manufacturing reliable slip in the contraction territory. not a slam dunk.

you needed 7 consecutive months below this 50% america for there to be a recession. we are at 6 consecutive months. a lot of rules broken in economic this is it is not ensure recession but increasing risk of i recession as long as wage inflation continues. consumers held the economy up well if you give people paychecks this adds to the consumer firepower. and consumers enter the period with very low levels the people had dent primary debt is mortgage dent. debt of cost vs not change the much. not everyone is a homeowner a third are renters. rent costs soared the green line

and squeezing the consumer and other inflation. again we see e range of motion going forward. in the corporate sector those who might be less reliant on bank and go to the capital markets. here to the chart become to 200 twos the cost of borrowing begin credit occurrence the green line is the high yeeldz marginal borrowers how much do they pay to attract people willing to left-hand laned money the bond market. you see this spikes over time it is not at recession but eli haved another cause for concern. s & p earnings. appeared peeked out. how do corporations responded? they want to grow them and cut costs. start cutting costs through

layoffs. and so we are seeing rise in layoffs not enough to create general job disruptions but again the message of the morning is facing reality i don't have to face challenges ahead. so how do we address the great imbalance this is creating inflation and is pointing us in the direction of the recession? here is the imbudget blue is j.w. openings. grown is seekers. our federal reserve has a solution. let's driveway a recession get lives and businesses to pull off job openings. layoff people. create more job seekers. that is an unattractive outcome. in the morning of reimagine magging can we reimagine other ways to do this? and there are other path ways.

one is you can accept learning wage increases if workers are more productive. we can pay our workers 10% more every year if they were 10% more productive. you would not pass on higher cost increases. profitability. we can off set wage increases with productivity growth. going become to 1948. growth is rolling over a bit. and in terms of the numbers to off set 5% wage growth see 3% productivity growth it happened before but river. and one of the ways you off set productivity growth through investment to technologies and machinery and equipment. and this happened when businesses are confident about the future. and i think you saw in the poll

and in national polls businesses are not confident. but there is another aspect to productivity one we don't talk enough about. and this is the potential within our employees to be more productive. through training, investment and critically experience. we locked back at when do people pick up productivity in their careers in and you can witness can't measure it but people become higher earners buzz they are more productive. and we looked at earnings by age brackett you will see that the big pick up in people's productiveities and earnings when you go from 35 to 44 years old. that is the single biggest period of time in people's life cycles to gain productivity.

we are fortunate this the millennium generation is hitting this sweet spot but does not occur automatically. why do people become more productive during this time. in you have career direction and maturity a lot buzz you are in a work place. you are in a downtown and you are there to have exposure to mentors. exposure to customer and i understand some industries do well oi virtual only basis. in the economys a whole we need our millennium workers torbe present and exposed thing this is drive productivity and we need the older workers the mentors to be in the downtowns and in the offices to help our younger clothes thrive as well.

there is -- thank you. [applause] is there is another aspect to solving our workforce program. this is if we roach in our populations and credit more opportunity. and raise when is the labor force participation rate which is here the percentage of adults who are in the labor force. working or seeking jobs. you see in the middle covid took a terrible toll on this. through accelerating retirement of older workers. we are coming back is this the most hopeful trends the more you raise your labor force participation rate the greater you address not only today's labor force imbalance the greater you drive long-term growth in the u.s. economy you

can grow faster. we should have no elusions the trends is working for us. trend is star to w despite daunting obstacleless the biggest we have is in the chart on the left this . is the fertility rate of the united states going back to 1960. why do we have a labor shortage. a lot with stop having baby 20 and 30 years ago. it is heard to do anything about that. we used to on the chart fertility 3 opinion 6 children per woman. we fell sharply when hovered around that dotted line. how many children do you need to sustain your population. clearly has something to do with workforce growth. we have dropped off since the financial crisis again.

we learned to avoid saying the fradz this time is different. we should not shrink back noticing we have never seen a fertility rate this low in u.s. history. they are obstacles yet we are doing it how are we growing labor force in the face of this? we are doing it in part the business community is focusing on talent acquisition in a way they never have before we are good problem solvers. in is undoing the sloppiness in the past when we had a laurel supply. how do you deal with this every organizing 400 applicants how do you dweel that? put restrictions i want people with masters or bachelors. we over considerableized our barriers. dropping those and examining when barriers you have.

flexibility for working parents the be critical. moving forward. path ways for older workers. a convention prime age workers. prime age is 25 to 54. i resent this definition. other country rows take it up to 64. why sho sh we have this minds set this older worker is somehow less of a worker? many countries you will see ahead done a better job at that. i'm a big fan of stake nontraditional talent pipe lines the 19 million americans who have a felony conviction in the u.s. [applause] the common wealth

club invited mow to participate in their discussions. you are interested do it. i was on with a terrific friends talking how millions of our fellow citizens can have better access if we in the business community understand how to do this right. and i do caution business groups if you are solution to having unfilled staff positions to work everyone harder. right we are guilty. that's a bad long-term strategy. is it doable? can we reimagine our development policies in ways that bode well for the future? it is has been done by others. this is i think the most important graph in economics today. and i think we are the only ones showing it. this is a speak peek of w we do

with the partnering with jeopardy an economists the blue line the population of jeopardy an. talked about workforce growth. hard to grow your workforce when your population is shrinking japanese population a low fertility rate starting before ours shrunk for 12 consecutive years. that should be a disaster for workforce growth. the green line is japan's workforce. they grown their workforce by millions and in the face of this characteristic. we can learn their lessons they are more women in the workforce and more opportunity for women. >> their lessons. path ways for older work and a worker who turns from 54 to 55 is a prime worker as many in

later stages. their lessons are against formidable political obstacles to immigration. finding a work around in guest work are programs added significantly to their workforce. and as the son and grand son ofim guarantee and in this great city populated by sons and great grandchildren of immigrants, we can do better at crediting opportunity not just for those born here but for those born elsewhere and seek the opportunity. [applause] i have to enter this i think it is too late to avoid a recession. but the fact this we are addressing the w force challenges means that a recession will be light and short lived. but looking beyond, we have all

been through recessions some light and hard. looking beyond, i'm optimistic. because the business community we great problem solvers are addressing creating more opportunity for marginalized workers. women excluded from opportunity. path ways for foreign born workers they bode well. for san francisco, this is not just about reimagine magging this it is innovation. and i'm happy to say that there is no business community and no city better at innovation than san francisco. thank you. [applause]. >> jeff, thank you very much. we want to thank all of today's

speakers. mayor london breed. give her a round of applause. [applause]. board of supervisor president aaron peskin. peter grib and he will jeff, they did a great job and gave us insight. thank you. [applause]. and another thanks to our chamber leadership rodney fong issue catherine thompson and scott dunlap. [applause]. and i want to thank our staff here today who put on such a beautiful event. gave us delicious toed to start off our day. give a rounds to all of the staff that made this possible and made it a great event. i want to let you know keep an eye out for san francisco chamber events. they are women empowering leadership and learning

conference this fall. i went last year lady and men you should check out this even it is inspiring and amazing. a great one. and the annual excellence in business awards. if you are interested in learning more about the sudden front chamber of commerce i encourage to you visit sfchamber.com and follow on social media. thanks again to everybody for helping us make this event possible. sponsors and speak and guests. thank you for taking time to be here. we hope to see you again next year enjoy and make sure to tune in news tonight we will have more coverage of this for you on tv. thanks, everyone, have a great day. clear clear

>> my name is sylvia and i'm the owner of the mexican bistro. we have been in business for 18 years and we first opened on garry street in san francisco, and now we are located in a beautiful historic building. and we are part of the historical building founded in 1776. at the same time as the mission delores in san francisco. (♪♪) our specialty food is food from central mexico. it's a high-end mexican food based on quality and fresh ingredients.

we have an amazing chef from yucatán and we specialize on molotov, that are made with pumpkin seeds. and we're also known for handmade tortillas and we make our own fresh salsa. and we have cocktails, and we have many in the bar. we have specialty drinks and they are very flavorrable and very authentic. some of them are spicy, some are sour, but, again, we offer high-quality ingredients on our drinks as well. (♪♪) we have been in san francisco for 27 years, and our hearts are here. we are from mexico, but after 27 years, we feel part of the community of san francisco.

it is very important for us to be the change, the positive change that is happening in san francisco. the presidio in particular, they're doing great efforts to bring back san francisco, what it was. a lot of tourism and a lot of new restaurants and the new companies. san francisco is international and has a lot of potential. (♪♪) so you want to try authentic mexican food and i invite you to come to our bistro located on 50 moroo avenue in presidio. and i'll wait here with my open arms and giving you a welcome to try my food. (♪♪)

welcome to the small business commission meeting on may 22nd 2023. the meeting is being called to order at 4 30. pm this meeting is being held in person in city hall room. 400 broadcast live on tv and available to view online or listen to by calling for 156550. the small business commission thanks media services and sf gov t v for televising the meeting, which can be viewed on sfp t v two r livestreamed at hgtv dot org. we welcome the public's participation during public comment periods. there will be an opportunity