SAN FRANCISCO HOLDS A HEARING ON THE STATUS OF THE CITY’S TECHNOLOGY INDUSTRY
Supervisor Haney held a hearing on tech and startups at Wednesday’s Budget and Finance Committee. In the hearing, Chief Economist Ted Egan gave a presentation on the technology sector’s impact during the pandemic, including an overview of the office space market, employment trends, venture capital investments, work-from-home policies and tax implications, and more. The Supervisors especially focused on the effect remote work has and will have on the City. Chief Economist Egan explained that the rise of work-from-home policies creates a major risk for the City’s economy, particularly on gross receipts and payroll taxes. He also added that with remote work being pervasive and not knowing what it will look like in five years from now, it makes predicting and preparing for the future extremely difficult.
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SUPERVISOR RAFAEL MANDELMAN ON SAN FRANCISCO’S PATH FORWARD
sf.citi continued our 2021 Lunch and Learn discussion series with District 8 Supervisor Rafael Mandelman. We were joined by sf.citi members Airbnb, AT&T, Comcast, Facebook, Google, Instacart, Microsoft, Salesforce, Twitter, Waymo, Verizon, Zoox, and more.
In our conversation, Supervisor Mandelman described how there’s magic in San Francisco, but it can be difficult—at times—to show that to visitors. While the Supervisor’s office prioritizes mainstay issues on housing and transportation, his office has shifted its main focus to the three issues they receive more calls on than anything else. This includes housing the unhoused, investing more in mental health infrastructure and services, and improving public safety. If we want to seriously fix these issues, Supervisor Mandelman acknowledged that the City can and must do more.
POST-SUMMER CHECK-IN ON SAN FRANCISCO’S RECOVERY
All signs pointed to a summer of recovery for San Francisco, but with vaccine hesitancy and the rise of the delta variant, the road to recovery was stalled in its tracks. Most workers are now not expected to return to the office until next year at the earliest, tourism has faced a sluggish recovery with spending numbers well below pre-pandemic levels, and many companies left or downsized their San Francisco office. On the flip side, schools have reopened, the rental market is slowly recovering, and large events like Outsidelands, Fleet Week, and a trimmed-down Dreamforce are returning to the City. Now the question stands, how long can San Francisco’s economy, small businesses, and entire ecosystem endure this latest COVID-19 wave?
DID YOU KNOW?
This year, on the 20th Anniversary of 9/11, as part of the National 9/11 Day of Service Coalition, HandsOn Bay Area is planning to pack 200,000 meals to be delivered to community members in need through the SF-Marin Food Bank. Find out how you can get involved in events and activities around the Bay Area or virtually volunteer with 9/11 Day.
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