a successful micro lender around the world. find out why the president premal shaw wants to be a new banger to the poor and finally improving technology in government. one amazing woman is leading the charge, jennifer pahlka. you may not know her name today but trust me, you will tomorrow. first, are you ready to throw yourself at the mercy of a self driving car? sebastian thrun swears it will make our roads a lot safer. take a look. >> the nice thing about this kind of innovation is you can use existing infrastructure. amazing for the consumer is one of the problems is the last mile. it's fast, you don't to focus. it's safe. with a car solution, we solve problems so you can go all the way to your house and drive from the highway to the train. looking at the car we basically give the driving capability to the car as if he had a chauffeur driving it. sort car to work, one of the google engineers has driven the car manually before, but you have driven the highways. we've driven lots of streets. you get on every street and push a

credit unions offer micro loans. we do a lot of micro loans up to $50,000. this is -- we check credit. we need a business plan. then we look at the three-year tax return and that statement. we do a lot of home care and mom-and-pop shops. we also do start ups. we asked for approval through documents. we work a lot with people who do not know how to file taxes properly. we are mainly focused in san francisco. we are small. we focus mainly on the tenderloin, chinatown, bayview, visitation. we do a lot of expansion. people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, som

commissioner sugaya: do they take the micro sites down? >> for the most part. sometimes, there are replacements. based on the infrastructure, they may not go in the same location, so it is a case by case basis. vice president wu: can you detail the process for requesting a measurement, in your home or another location where there is concern? >> we have an obligation to test anybody within 25 feet of an existing facility. we are happy to do that.

you either go mackerel or micro -- macro or micro, probate and change the dynamic, or go micro and try to pick up a state or constituency. rob portman would have been that. paul ryan is a bold choice, and what it did, i think, and has not got any attention -- it has made mitt romney a better candidate. mitt romney is better when he is around. boston figure this out eight days later, and they will put the two of them there to get rid romney, who is basically robotic as a candidate, became animated and almost natural in this bromance. >> near human? >> mmm,quasi, neo, crypto. [laughter] >> colby? >> romney all in, and it is good in the sense that the campaign will not be run on vision, which team really has the vision for the country. there is not want to be fuzziness there. obama is clear about the role of government, the role the president should take, and romney is somewhere else. that is the good part. the other thing is that paul ryan brings some intellectual heft to the discussion. >> evan? >> i think it is a bold choice and i was hopeful that it would bring intellectual heft to th

i think the question is about what are the regulations around here to peer food, some of the new micro on to buy nor opportunities like food carts, etc. -- micro entrepreneur opportunities. >> i think that is really forward thinking. looking at food trucks, we streamlined the permitting process to make that quicker and better and faster process. that was obviously a very open process to make sure we resolve some of the tensions with others in the space. i think what you are talking about are things like underground sf, which i would be part of. i personally think it is a great idea, but obviously, we need to protect public health, and i think it is an area for more discourse and look at how we manage that, how we ensure safety in our communities, get, allow for this micro entrepreneurship and innovation happening at an individual level where people may want to make jams or jellies or some of the cool idea about food -- >> chocolate. chocolate. >> [inaudible] there is legislation that has been introduced in the state of california called the california homemade food act. i am actually c

it operates one of the nation's largest individual development, programs, a leading provider of micro loans in california, and has a robust community real estate finance unit. next, we have the ceo of ne community federal credit union. since 1988, she has been the ceo of northwest community federal credit union. under her watch, the credit union group to over 1600 members. it has become the national model for institutions seeking to provide financial education and banking services to the low- income communities. last but not least, we have our conditional lender represented here by wells fargo. mark cyrus is the senior fda banker for the region -- the senior sba banker. he held businesses choose the best loans for the growing business and focus on a comprehensive understanding of their goals for their business. mark is responsible for helping entrepreneurs with sba loans every step of the way. i would like each of you to speak a little bit about what your organization does and, more importantly, address the audience here and let them know what your looking for when you are hoping to f

commissioner sugaya: do they take the micro sites down? >> for the most part. sometimes, there are replacements. based on the infrastructure, they may not go in the same location, so it is a case by case basis. vice president wu: can you detail the process for requesting a measurement, in your home or another location where there is concern? >> we have an obligation to test anybody within 25 feet of an existing facility. we are happy to do that. we have extended that to people in the area who have concerns, who would like to have a meter reading in their home. if they do not want to have our consulting firms do it, the department of public health also has the ability to go out and do readings as well. there are two options available. we are happy to do it as part of our infrastructure bill. vice president wu: for me, although i hear the concerns of the public on the health impact, i do not believe they should play into the decision by the planning commission. in looking at the physical impact, i do not see any reason to turn down the cu. commissioner antonini:

when it is a requirement of 50,000 or less, i tend to call of the micro guys to help me out. that is right in their box. for us, the capacity for us to do the smaller side is not there as much as it is for them. on getting a loan through my side of the bank, i do not require an account to do that. we would like to have it, but i do not require it. >> last question for the opportunity fund and a critic representative. are you a cdfi? is san francisco and s.p.a. in support of cdfi's being established in san francisco? >> yes, we are. we were founded in 1999 with a small business loan. that is how we started our tenderloin office. >> opportunity fund is a certified cdfi, so we are providing a benefit to low and moderate-income communities. he is the city establishing support for new cdfi's? >> mark wanted to address that, in support of cdfi's in the city. >> we have a wealth of partners in the city. s.p.a. is just now rolling out a program for r -- will be the case by the summer. let me get one last point and on the question about relationships to lenders. the question was, do h

>> as a micro lender, we expect the principles, the corporate form, to provide guarantees. >> personal guarantees. >> the same. 20% ownership in the company. [inaudible] >> [inaudible] >> i heard something about sba guaranteed loans. maybe i missed something. does that have to do with the sba guaranteeing the entity? >> the question on the sba guaranteeing a entity as the order of the business, whether it is a corporation or partnership, for any small business lending, you should expect to be guaranteeing that long personally. as a small-business owner, from a lender's point of view, we want to see that you are as invested in the business as you are asking the bank to be. the idea that non recourse loans, the way you describe it, loans that you get without having yourself personally liable is not the way it works. you should assume you will guarantee the loan regardless of the structure of your business. the good news, though, for businesses like you are describing, internet business, is that the capital requirements for that type of business is generally small. you are able to get you

this is the first time a micro- enterprise has been given an award during small business week. i would like to ask the members to raise your hands. we're working the of the -- together to provide a host of services helping people to start and grow their own businesses. tonight, the very first sfeda businurban bazarrre. [applause] we are joined by brandy and brianna, the founders and owners of urban bazaar. it is a wonderful business that speaks to the whole culture of small business in san francisco. they are artists and are creating beautiful crafts that they sell. more than that, they're bringing fair trade items to san francisco. they're bringing items made by other san francisco artists to the richmond district where the business is located. it does not take a miracle to start a small business. sometimes it feels like it does. it does not really take a miracle. it takes passionate people, great ideas, and a lot of support. urban bazaar has received support from a number of agencies. they've worked with women's initiative, community ventures, a small-business development cen

the x26 is about 100 micro coolants. what we have done with the x2 is further refined the art technology. it is 63 micro coolants. we made it more efficient and safer. it is like saying the honda to thousand three is not a safe vehicle for you to drive. -- 2003 is not a safe vehicle free to drive. we have worked with some of the industry individuals out there to develop technology to make sure it complies with commission's decisions on how to compete -- deployed it. we now have a battery that allows you to have an automatic five second shot off. an officer deploys it, keeps the trigger down, and gives an extended duration. it allows the system after five seconds, it automatically shuts off. the officer has to release the trigger and be engaged. we put more accountability in the system. that system is in our camera system. from accountability standpoint, you had a greater capability of telling exactly what happened with the deployment. on the x26, if you pulled the trigger, i can tell you how long the battery percentage w

also, there is a micro controller that has other sensors inside it. the micro controller gathers all the data from all of the sensors. as the user moves his hand. but not in case your dropping off, the unit on the back of the hand includes a compass, and accelerometers, and a gyroscope. together, these track the hand as it makes shape. software on the laptop compares the destination with sons already stored in its memory. it finds a match, it produces the relevant sounds. >> the system really works. >> well, yes, but it has shortcomings. it accepts only a dozen hand movements which are not sign language, and it cannot translate spontaneously. but then, this is only a prototype. all inventions have to start somewhere. much like this, the computer that has proved such a hit. we passed one of the men behind it when he made of the ukrainian gloves -- we asked one of the men. >> i think it is an amazing piece of technology. i love it when technology helps people engage with the world. i am surprised at the number of people is to possibly engage with pierre

commissioner sugaya: do they take the micro sites down? >>

there are forces in micro and macro economics. -- there are courses in micro and macro economics. students who want to do that can do college preparatory work in economics. so you can do significant and serious economic forces if you want. -- economics courses if you want. but i say that because there are lots of other ways to incorporate economics. when i took history in high school, i said this is all about kings and queens and wars. of course economics tells how people lived, how they make a living, how societies function, how markets function to read trade. all those aspects of history which are so important. integrating economics into history, integrating economics and to civics so that didn't understand the importance of -- so that students understand the important institutions like the federal of reserve and regulators and fiscal policy and so on. beyond that, is financial literacy. which is so very important for all students. i do not think or any students who should not be exposed to in these basic financial literacy concept. that can be done as an individual course, as a

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