San Francisco Economic Strategy The 2007 Economic Strategy - PowerPoint PPT Presentation

San Francisco Economic Strategy

����� The 2007 Economic Strategy identifies three overarching goals for our City: • Create job opportunities by building on our strengths to promote greater overall economic growth • Ensure greater inclusion and equity in job opportunities, with an aim to reducing inequality • Ensure a sound fiscal footing for the City by encouraging industries with a positive fiscal impact.

������������������������������������������ Jobs What do we want? • Wages An economy for all with good jobs, wage • Performance Equality growth, decreasing inequality and • Wealth / Asset Ownership increased asset ownership. • Knowledge Sectors • How do we get there? Experience Sectors • Businesses in key sectors create and Physical Infrastructure Sectors • sustain the jobs that help us achieve People Infrastructure Sectors Drivers • these goals. 1. Education & Training What do these busienss sectors need? 2. Business Climate These sectors depend on the 5 3. Quality of Life Foundations foundations of our economy. If these are 4. Infrastructure good our sectors are strong, if these are 5. Innovation & Technology bad, our sector are weak. 1. Better prepare residents for jobs 2. Make business climate more competitive How does the City help? 3. Continually improve San Francisco’s These sectors depend on the 5 quality of life for residents, workers and foundations of our economy. If these are visitors Policy & Action good our sectors are strong, if these are 4. Invest in city's Infrastructure bad, our sector are weak. 5. Strengthen technology and innovation foundations

�������������������� Jobs : While employment in San Francisco has been flat for the past 30 years, since 2005 • the city’s share of the region’s employment has steadily increased. Sectors : Over the last business cycle, the Export Sector grew, while Local-Serving Industries • lost jobs. Workforce : San Francisco's two strongest industry clusters—the Creative Industries and • the Experience Industries—tend to create high-paying jobs for the highly-educated, and low-paying jobs for the workers with a high school education or less. Local-serving sector is declining, creates more middle income job opportunities for those without 4-year degrees. Demographics : Increase in industries with high wages and low wages has lead to an • increase upper income and extremely/very low and low income populations increased. Moderate income population has decreased. Children and seniors are declining, and working age adults are growing. The immigrant workforce is growing faster than US-born workforce, at every level of income. 4

��������������������������������������� Real Estate : Both residential and commercial real estate costs in San Francisco are high. • High residential costs result in upward pressure on wages • High commercial costs result in increased operating costs for businesses in San • Francisco Labor Costs: Businesses pay significantly more for workers if they’re located in San • Francisco which discourages job creation in the city. Business & Tax Regulations : Business taxes and regulations in San Francisco result in the • highest business costs in the state of California. The Strategy's Policies and Actions are focused on addressing these business barriers, so all • businesses – not just those with a built-in competitive advantage – can succeed in San Francisco, and the city can have a more balanced process of economic growth. 5

������������� ������ FOUNDATIONS POLICIES AND ACTIONS 1. EDUCATION AND 1.1 Create a Coordinated Workforce Development Strategy for the City Around the Economic Development Priorities TRAINING 1.2 Better Prepare San Francisco's Youth for Careers 1.3 Close the Digital Divide 2. BUSINESS CLIMATE 2.1 Create a Local Tax Policy That Promotes the City's Economic Development Priorities 2.2 Increase Business Outreach and Private Sector Partnerships 2.3 Streamline Business Interaction with the City Government 2.4 Evaluate and Refocus the City's Assistance Programs for Businesses 2.5 Evaluate Economic Impact of City Polices on Business 2.6 Use City Purchasing and Regulation To Promote Competitiveness in Priority Sectors 2.7 Strengthen Global Connections 2.8 Film 3. QUALITY OF LIFE 3.1 Upgrade Neighborhood Commercial Areas 3.2 Encourage Creativity by Continuing to Develop San Francisco as a Center for the Arts 3.3 Recognize and Enhance the Value of Parks and Open Spaces 4. INFRASTRUCTURE 4.1 Provide Sufficient Real Estate for Strategic Priorities 4.2 Maximize San Francisco's Accessibility to a Local and Regional Workforce 4.3 Work to Reduce the Cost of Residential and Commercial Development 5. TECHNOLOGY AND 5.1 Support Commercialization of Research and Technology INNOVATION 5.2 Improve Telecommunications Infrastructure for Information-Intensive Industries 5.3 Support Efforts to Create More Investment Vehicles for Startups 5.4 Identify, Evaluate, and Support Emerging Industries

������������� ����������������������!������� Policies Actions 1.1 Create a Consolidated and Aligned Workforce Programs: OEWD consolidated Coordinated Workforce Investment Act, Community Development Block Grant, General Workforce Fund, and departmental work ordered dollars to develop and fund Development workforce programs. In coordination with the Mayor’s Office and Board Strategy for the of Supervisors, OEWD aligned citywide workforce efforts, including City Around the completing an inventory of City workforce programs and assisting with the Economic development of amendments to Administrative Code 30. These Development amendments pending before the Board of Supervisors, would among Priorities other provisions, establish an Alignment Committee comprised of city departments providing workforce services that will develop five-year workforce plans and annual updates. Launch the WISF: OEWD reconfigured the Workforce Investment Board (WIB), launching Workforce Investment San Francisco (WISF) as the City's designated Workforce Investment Board (WIB). WISF members include senior representatives from a range of sectors, including construction, hospitality, health care and technology.

������������� ����������������������!������� Policies Actions 1.1 Create a Develop City-wide Strategic Workforce Plan : OEWD developed and is Coordinated implementing a strategy that aligns the City's workforce programs around Workforce the needs of local and regional industry growth sectors. Included in this Development strategy are OEWD’s four sector training academies in construction, health Strategy for the care, hospitality and information and communication technology(ICT). City Around the These academies train workers in growing sectors of the local and regional Economic economy. In both its training and business services activities, OEWD uses Development a "dual customer approach” to workforce development; which focuses on Priorities the need of both employers and employees. (Cont) Launch Access Points: OEWD replaced the traditional One-Stop model with an “Access Points” strategy that is tailored to meet the unique needs of San Francisco’s diverse neighborhoods, communities, and employers. OEWD funds service providers to support four types of Access Points: a single Comprehensive Access Point, Sector Access Points, Neighborhood Works Access Points, and, Young Adult Work Link Access Points.

������������� ����������������������!������� Policies Actions 1.2 Better Develop Youth Pathways to Jobs in Priority Sectors : In partnership with Prepare San SFUSD's Career Technical Education programs, OEWD aligns training in Francisco's construction trades, hospitality and in healthcare. OEWD continues to Youth for strengthen these partnerships, and is working to develop new Careers partnerships with SFUSD high schools focusing on Information and Communication Technologies (ICT) pathways. Promote Collaboration Between SFUSD and Employers: The re-launched WISF and the Youth Council both include the San Francisco Unified School District; which provides the SFUSD a direct connection to major employers across all sectors. Strengthen OEWD / DCYF Collaboration: OEWD works closely with DCYF, partnering on Summer Jobs+, supporting DCYF's Transitional Age Youth initiative (TAYSF) and coordinating citywide workforce strategy. DCYF's Director also sits on OEWD’s Youth Council, which is charged with coordinating and centralizing the youth workforce system in San Francisco.