climate that gives entrepreneurs and investors confidence in our city, allowing them to work with us to innovate, grow and create jobs, whether they are in neighborhoods, small businesses or tech start-up or a thriving global headquarters. in neighborhoods, we are more than doubling grants available to small businesses, and we are including $4 million for neighborhood commercial districts through our new invest in neighborhood strategy. that includes job squad and the recapitalize the small business revolving loan fund. we are bringing staal to the neighborhoods -- city hall to the neighborhoods where it belongs, to support small businesses. my proposed budget includes $4 million in smart capital investments and $441 million in smart capital investments in our city's 10-year capital plan to improve and invest in the city's infrastructure. [applause] over the next two years we'll invest in and improve or water system and continue investing in our waterfront. we will also continue to invest in our parks. and i've joined the members of the board of supervisors to introduce $195 million bond measure

innovative engine in the economy in these relatively dark times. i'll address the issue of unemployment. but in these difficult economic times, they provide a certain component to the economy which allows us to innovate and grow at a rate that we otherwise would not. in short, immigrants of all types unaverage are net contributors to the economy, help the actual pie grow bigger, provide more of a pie to split among us all and in turn try to goose innovation in a couple of unanticipated ways. so first, kind of three big points. immigrants are a net contributor to the economy. it is easy to be distracted by the fiscal analysis which is about tax revenues and expenditures. entire categories of people at a certain phase in their life and a certain period in their economy are net users of tax resources. as it happens since we're running a big federal deficit right now, we're all net users of resources. if you add us you will up together, we're not producing enough revenue to cover the expenses of the government. people that are older, children, those are categories of people who are net drains on the economy. that's a fiscal analysis, not an economic analysis. so point number one for your frie

. >> it doesn't to google, and i think that's part of the reason they are having trouble innovating to the speed they are usedinnovating to. and i think you will have the same thing with facebook, because there are people who are hungry to win. >> now we're post ipo. what happens next? is this going to be a flood gate for other companies? is now there going to be wide open door for hundreds or thousands of others? is this thing going to blow up now? >> i think there is a couple of answers. one these companies that are hypervalued, there are only a few people that can buy them. yahoo is not going to be buying any companies any time soon microsoft, aol apple, if they decide to go down that route. with these companies that are valued at such high numbers, they don't have an option than either to go public or close the doors. and the other side of it too, when you look at these companies that are going to start growing, they have to start looking at these business models. >> well it's an exciting >>(narrator) the sheriff of wall street. >>the leadership of high finance just doesn't get it. >>(narrator) the former

enenormous opportunity in frontf us to innovate that in the old economy, that economy slowed down in 0s. we need to pump up the growth rate here. individuals are more important, equity that underwrites risk is much more important today than in the 1 1950s. i think ultimately you come down to this question, d we have to pay y successful risk-takers as much as we're paying them to achieve the things that we have achieved in the united states relative to europe and japan? >> how do we bring the couny together to make people understand sort of the strengng and power of upward mobility? there's such anger inthe country, class division. do you think upward possibility still exists in the united states? >> i think that -- sure i do. i think -- i don't see why the success of another steve jobs or another successful entrepreneur has any effect on income mobility. now, it's true that, say, coming out of the second world war we educated our population, education has been distributed more efficiently across our population. so is it to a certain extent income equalityoing to slow down as you distr

use it for the broadest burke as possible, which is helping our city become a better city, a city that knows how to do everything better by using technology and encouraging the brightest minds in innovation to help us. i will be there. i will be watching all the ideas that come forth. we will ask you as part of the audience to help us with the challenge, and then we are going to ask you to give us even more ideas that you might have as to how to improve our system. muni is on the front line today. we launch it today. then, we invite the audience of the whole bay area to submit their support for the best ideas possible as to how we improved our city. with that, thank you, and congratulations for your 16th year in san francisco. let's roll the video. [applause] ♪ >> well, all right. isn't that exciting? let's give the mayor another round of applause. thank you very much. >> being a pedestrian in san francisco is not easy for anybody. >> [inaudible] people push tables and chairs outside the sidewalk. >> i have to be careful not to walk the sidewalk. it is very hard. >> sometimes people get half way across the intersection. >> you have to be alert because there is always something coming up

use it for the broadest burke as possible, which is helping our city become a better city, a city that knows how to do everything better by using technology and encouraging the brightest minds in innovation to help us. i will be there. i will be watching all the ideas that come forth. we will ask you as part of the audience to help us with the challenge, and then we are going to ask you to give us even more ideas that you might have as to how to improve our system. muni is on the front line today. we launch it today. then, we invite the audience of the whole bay area to submit their support for the best ideas possible as to how we improved our city. with that, thank you, and congratulations for your 16th year in san francisco. let's roll the video. [applause] ♪ >> well, all right. isn't that exciting? let's give the mayor another round of applause. thank you very much. >> the public wants to access particular information about your house or neighborhood we point them to gis. gis is a combination of maps and data. not a graphic you see on a screen. you get the traffic for the streets the number of crimes for a police district in a period of time. if the idea of combining the different lay

to scale. first the spectrum gap, we're focussed on freeing up more spectrum for unlicensed use. removing regulatory and other barriers to flexible spectrum use and mobile broad band buildup. and moving forward on innovative approaches like small cells and on spectrum sharing as a new and additional tool to free up government spectrum for new use. i am proud that the idea was proposed in our national broad ban plan. and the national challenge of impmenting -- continuing a proud tradition of u.s. leadership on mobile policy, and i look forward to working with my colleagues and the committee as we move forward. we're also tackling the broad band deployment gap, as you have mentioned today, about 18 million rural americans live in areas where there's no comprehensive infrastructure. to spur wired and wireless broad band to hundreds of thousands of rural -- and sets us on the path to employment by the decad deca while put the -- through our broad band acceleration issues, accelerated broad band buildout. we have adopted orders to ease orders and established a shot clock to establish cell tower and -- we are tacking the broad banged adoption gap, nearly 1/3 of americans, nearly 100 million people haven't adopt

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i've long held that one of the ways to get to our energy future is, again, using those revenues from our fossil fuels to help build out the technology, the innovation, to advance us to the next generation of energy. but appreciate your comments. >> thank you. >> senator udall. >> thank you mr. chairman, thank you the ranking member for holding a very important hear on innovation. always good to see you, mr. augustine. thank you for your continued service to the country. your ideas are always spot on. the american energy innovation council has done yeoman's work here and i hope we will listen to, and implement, your recommendations. as you've pointed out, we are in the midst of a clean energy revolution and by that i think we mean all energy sources and all energy technologies have clean elements. we can't have, as you point out, inconsistent and uncertain innovation policies. that's why it's -- you've underscored here and why this hearing, again, is so important. i have in my notes here -- i've said to myself -- we need to be leaders in this field and we've always been a paragone of innovation. i think about the fact we have been leaders, particula

to have very economically strategic and important office use for tenants, especially the opportunity to have technology tenants join us in this region that is burgeoning already with technology is -- use to create innovative work environments. it will have original shops and san francisco-based cafes along the lines of the ferry building and what has been done so spectacularly there. we have the refurbish building here that we refer to as pier 48. our partner specializes in these urban, a mixed use projects. we have been working on this project for several years. we have a timeline that suggests we can begin as soon as 2015. this is a very exciting time line for us. we want to get this going as soon as possible to achieve the economic development so vital to the city and our neighborhood. to summarize the project, we have 8 acres of open space which will include a grand waterfront park and a mission rock square which will be in the middle of residences and potentially office development, similar to bryant park in new

i would like you to signal to us what innovative ideas you have that we should and could consider. so, involvement and innovation are couple of things. finally, i would like to make sure that our budget, in collaboration with the board, and all of these wonderful, hardworking department heads, and elected officials, at the end of with a two-year budget that signals a spirit of investing in our city. by that i mean, those of you in the room, did you know you are an investor in our city? you might be investing your own willingness to live here. you may be investing your family because you want to create a family. you might be invested in your home, or do could be investing in other people's business. the fact is, all of us work together to make sure that this city is worth investing in. without that investor confidence, we do not have confidence in our city, it is not worth investing anything in, whether our time, willingness to live in the city, take on the challenges of a big, urban city. i wanted to be involved, innovate with us, and make sure that we all end up feeling better abou

we need to reboot america with more of a focus on innovation and entrepreneurship, what got us to be the leading economy, to get back to those basics and focus on that. and it will take some time and it's going to require kind of building trust and relationships and building bipartisan poirt, but i think it is important. my only point is even though there's lots of things to be troubled by, i'm not trying to state anything other than that, there is one little glimmer of hope in that people did come together around some issues, around entrepreneurship. there is more focus in washington around -- the next panel, kirnl mills of the sba and kate mitchell who runs the ipo ramp will be talking on entrepreneurship -- there's more recognition of the role of entrepreneurship than there was in the past is, we need to build on than bipartisan momentum and than innovation momentum to get other issues is like this of talent done. rather than try to get everything done, let's build on a successful model and get something done. it happens to be probably the most important area because you want to g

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use. we have already invited sf city to help us tackle through hackatons to innovate in ways never thought of before. muni is more than just buses, it is taxis and bicycle lanes. as complicated as the system is, we're starting to get great ideas on how to improve parking and transit in more than one way. i think we're going to use technology to help guide buses and trolleys to get places on a more responsible timeframe. that is the number-one question every time i meet with employees of a new technology company, how we're going to improve muni. half of them write it to work. if they're going to spend 15 hours at work, they have to do it at work and not on muni. >> we were talking about the america's cup. they are pulling back on what they're doing in the city. i have a couple of questions related. this person wants to know how that will affect small businesses. there is an overall interest in how san francisco will support the burdens of small business. >> we're still working with america's cup to make sure small businesses do get a shot at this great event. it has been scaled down to the

to innovate in those spaces. our service provider will not be able to favor their businesses at the detriment of innovation. wanting us to encourage and move forward with these high level rules of the road encourage us to recognize i have to say in closing, ms. chairman, with respect to europe, what the united states does is going to have a profound impact on what they do and we want them to be open. so i think this powerful argument for why, in fact my concern is the codify indication. . >> i encourage all members so that everybody can be called upon, in a relatively short period of time, to keep their questions and answers to five minutes. senator demint? >> thank you mr. chairman. i have to smile when i hear us, you, talk about encouraging innovation and investment in the industry. >>> i'm -- how many formal complaints did you receive? >> i'm not sure we received any formal complaints. >> how many did you receive before that? >> i believe it -- it was handled on a particular basis. this is what i mean by pre-emptive rule making. a private network built with private capital, and we're deciding how they're going to m

the smartest people in san francisco, but the smartest people from around the world to help us figure out how to innovate. it is my honor to introduce the first award thee of this evenin. this is a very unique award. this is the lifetime achievement award. mfac has to select one individual out of 26,000 who best exemplifies what service is to our city. when i was first elected to office, i asked a lot of people, literally hundreds of people, who is the smartest person in government. with all due respect to the other smart people in this room, there was one name that came up over and over again. that was our awardee. whenever i have a question that was difficult to answer, i would ask my staff, who are we going to call? the same name always came up. it was our awardee. i'm going to tell a story that has not yet been told publicly, but i'm going to share it today. in late 2010, when the board of supervisors, when we were casting around for someone to play the role upon interim mayor, and when ed lee was still telling us he did not want to serve, i invited this man to my kitchen table, as did a number of my

i have to smile when i hear us, you, talk about encouraging innovation and investment in the industry. this is one industry we don't need to encourage it. the greatest obstacle if you talk to people in the industry, whether content providers or networks are just orb trar and unpredictable rule making. i'll be careful. i appreciate you coming by my office. i enjoy meeting with you. i appreciate your service. how many complaints has the sec received in the last six months six the regulations were published? how many did you receive before that? >> in terms of formal complaints, i believe the commission received at least one. >> it was handled on a particular basis. this is what i mean by preemptive rule making. a private network built with private capital. we're deciding how they're going to manage it. if there was only one network, we would have to sit down and talk about it. as commissioner mcdowell has talked about wireless or land line, dozens and dozens of choices. it's remarkable to me that we're talking about given our limited ability to manage anything. that we think we can mana