i believe we were the first or second tenant in here as a micro company. we've decided we've been able to grow both the technology, the funding, so we recently announced we closed an additional $20 million, which is an investment we're bringing into the city, and used it to grow from two people to create about 30 jobs right now, all located in san francisco. all because of the support that we've had both from the city through mayor lee, previously mayor newsom, and todd ruffo, as well as through fibrogen. i'd like to thank tom and katherine and jenny for fully supporting our organic group. we continue to grow and develop this innovation in partnership with the fibrogen incubator exunety here. >> so now we've heard from the clean tech side. now we'd like to welcome the c.e.o. of lexus. >> we are genetically energying a mouse for human therapeutic antibodies. they have proven to be one of the richest sources of innovative breakthrough drugs to treat human disease. a little company down the road has been built entirely on its breakthrough drugs to treat cancer

if we cannot, i look for the micro guys to help me out with the smaller loans. it is a collateral loan that we cannot do, i do what i can. we are here to lend. >> thank you. hopefully, people have their question cards. i am going to open it up to the audience. if you have written a question down, please give it to us so we can start compiling them. if i see a repeat questions, it will help to expedite the process, answering those questions that people want answered. we have some of the best and brightest minds here. don't be shy. if you could do us a favor and use the microphone so that everyone can hear your question. >> you had mentioned about assistance in public contracting. for small companies, one of the issues is bonding. what do you do on that? >> for all public contracts, public agencies need to see that there contractors have bonding in order for them to demonstrate they can complete the contract. sba provides an insured bond guarantee to those who do bonding to small businesses on public contracts. so there is an sba program on a maturity bonding, sim

chinese leaders guard the flow of information to control. what control. micro-blogs make that task difficult. this social revolution already has hundreds of millions of believers. reining in will not be easy. >>> the leader of the church of england has spoken out against the protesters in london? >> yes, the archbishop of canterbury. dr. williams says the protestors are expressing widespread in deep exasperation with the financial establishment. he has broken his silence on the crisis by calling for a new tax on financial transactions. he also insisted the professors had little faith in the current pace of reform. we spoke with our religious affairs correspondent. >> a protest about banks became a debate about whether the church was standing up for christian values. today, its leader tried to wrest back control of the debate. dr. williams said people were frustrated by bankers irresponsible behavior and their soaring bonuses. >> people still feel that public is bearing more of the cost than they ought to. it has been a focus of feelings, even if they do not kno

the micros and the minis, as we call companies here. by my count, there are now 25 -- mayor lee said 23. the couple are in the office area of the fibrogen building that i am probably counting that he was not. there have been 35 total. over time, some have gotten bigger and moved in the larger quarters. some have venture owners among them out of the city of san francisco and down the peninsula. some had to downsize to raise more money. the picture has been very dynamic. we expect about 50% growth year- over-year. and the number of companies, and internally, i would guess that a third of the companies will grow in the space they have inside the building. so it is burgeoning. it is not just doing ok for getting by. it is a case where we have reason equilibrium. there has been turnover and a huge amount of demand of their for the resourced. i would also like to mention some fibrogen people. i have had to make a list. jenny coseur, erorod furman, kal drinkwater, rod stanley, katherine sharp are all people that work on this project every day,

same with freedom. >> the formal head of google in china has written a post about micro blogs. he said they're starting a revolution that is changing the way the country is ruled. >> it will at least accelerate the government leaders thinking about the rate at which people are disseminating information and showing their voice. that acceleration will cause them to ponder. >> the government is worried. committee's debate what to do. they are trying to manipulate the micro blogs. they are threatening to punish them for people who abuse them. gathers leaders information to control what people think. micro blogs make that task difficult. this social revolution already has hundreds of millions of believers. reeling it in will not be easy. >> and a famous football wants to play in the olympics. beckham says he has no plans to retire from football any time soon. >> for decades, people have been making the pilgrimage to this city seeking fame and fortune. when he came to los angeles five years ago, he already had both. his dream was to use his celebrity to help transform a nation

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 ha

departments are working very hard to break the contract as much as possible so that the small business, the micro business can participate and obtain these contracts. our biggest goal is to the make sure that businesses are certified and the ultimate goal is to see will graduate from the program. that means that we have succeeded if you have exceeded the threshold. thank you for coming, and let us know if we have any concerns with the human rights commission at let's look at this town hall meeting as the beginning of this dialogue so we can have more in the future. >> please have some refreshments, for all of those the have nots. how you are very important to us, and to thank my colleagues for taking out of their busy schedules to come and talk with you about the opportunities. please come up -- to talk with them.

the micro branch is a division of the self-help federal credit union and funneleded by the fby bay area titans that aim to help mostly low income immigrants. >> some of them are served by check cashers but some are pushed even further to the fringe to payday lenders, rent to own, less reputable check cashers and pawn shops. so they get in a destructive debt cycle and are never able to get the credit history or savings that they need to get ahead. >> reporter: micro branch got a huge endorsement a few weeks ago. most holy trinity parish in san jose with 7200 parishioners announced it will now only bank with the micro branch. >> today we ante up in announcing the divestment of our church's funds from bank of america. >> reporter: $3 million, and packed the faith-based advocacy group is spearheading a campaign urging americans to follow the father's lead. >> i'm here and trying to basically help make it a reality. >> reporter: diane left a traditional bank to be branch manager at micro. >> i save a little money. you know how the economies right now. >> reporter: some might call customers l

we talked about the micros as partners and the various innovation centers. one of our biggest partners in this has been ucsf. with that, i'd like to introduce you to douglas crawford. >> this is a experiment that was begun maybe 1, 15 years ago. in the long term, the vitality of mission bay will depend on the small companies that come to make this home as well. it's that integration between small and large companies that made this so attractive for bay area in part to come here. so that is something that we don't often take credit for or give credit to in the mayor's office deserves credit for making that happen. at the end of the day, what will make this a community will be people that -- people are network hubs for making this happen and qb3 is one. katherine has proven to be one of the important network hubs, and she deserves our thanks for that. so congratulations. >> i think with that, that concludes the scheduled speakers. but now i'm going to open this up to any questions that we might have from the press. ok. with that, i would invite you to either s

also, the micros and the minis here, they are now, i guess by my count, 25. mayor lee 23. there's a couple that are up in the office area, the fibrogen building that are probably -- i'm counting that he wasn't. there have been 35 total over time. some have gotten bigger and moved into larger quarters. some have venture owners that want them out of the city of san francisco and down the peninsula. some had to downsize. couldn't raise more money. so the picture has been one that's very dynamic. we would expect about 50% growth year over year. in the number of companies. internally, i would guess that a third of the companies would grow in the space they have inside the building. so it's burgeoning. it's not just doing ok or getting by. it's a place where we reached an equilibrium. it's a turnover and a huge amount of demand out there for amount of demand out there for the resource.

glass or business for us because of the micro or macro economic problem and in my view absolutely sure that the. current situation in russian economy and the current situation situation in russian finally ends is quite good to be quite stable. housing in moscow is more expensive than in dubai salut comparable to london but can the market can moscow housing market really really compete with london dubai. red. if we discuss the problem. the best bit of competition regarding regret in prices. is absolutely comparable with with the with the with with london and dubai again and unfortunately no. main. to do it together with the more school local authorities but to live with said he said ben in the new major we are working together absolutely together and we met. one one one one time and very week and. the problem will be so so so you are optimistic yeah ok well thank you thank you very much and. good luck on the upcoming court when we thank them we gave you was a pleasure yes thank you martin just a reminder that my guest today was alexander the private of my director general of the russian

afternoon on friday, up to a full inch in the santa cruz mountains, up to about a half inch through the micro climate. up to the low 70s in the south bay, 71 in danville, north bay numbers in the 60s to 70, driven by a southwest wind ten to 20 miles an hour. there is a full on seven day forecast, once the rain ends on friday, perhaps a early lingering shower saturday but it'll be dry for the game saturday afternoon. that's the pinpoint forecast. that's the pinpoint forecast. lock out, is it ,,,,,,,,,,,,,,,, last ress?? you be t . >>> commissioner david sustain set a deadline for today to end the 132 day lock out. negotiations lasted 12 hours, any progress? you be the judge. >> [inaudible] >> echo -- >> you want real progress? the 49ers have become front page news with the second best record in the nfl, jim harbaugh compared the surge in team interest to a vegas act. >> i haven't been to vegas that much but the comedianss the singers, they probably start off in the hotel bars and not a very big stage but you do well there and then you move up to a bigger stage and maybe get on the strip somewh

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

there was also an interesting comment, the micro records in 1901 to 1980 will be converted over time and be available to the system. with the present information going in about 1980. that possibility is also there. this is a fantastic project. >> anne marie rodgers to give you the weekly report on the board of supervisors activities. the first is the ordnance that will allow the sale of alcoholic beverages, and the special use subdistrict. at the commission unanimously passed this resolution. you adopted this with a couple of modifications. with the additional exception, allowing them to serve beer and wine. and the chemical modification. we amended the ordinance to accommodate both of the recommendations. she received word from supervisor campos that there would be a need to allow the single screen theaters to sell alcohol but also multi-screen theaters. this would cause them to send the ordinance back to you for your consideration. they did consider this for the future. supervisor weiner also mentioned he has concerns that the controls are not achieving their desired effect. this ma