What is the economic outlook for the Bay Area in 2018 and beyond? How will national and international trends affect our region? Join the Bay Area Council Economic Institute for the 11th Annual Economic Forecast Conference on Friday, January 19 from 8:00am-11:00am at the Federal Reserve Bank of San Francisco. Each year this conference convenes the region’s top private and public sector leaders to share their economic outlook for the Bay Area, California and the nation. In addition to remarks by SF Fed President Williams, there will be a panel of thought-leaders from three different sectors: tech, commercial real estate, and finance. Also, visually compelling presentations by the leaders in the field of VR/AR will bring to life the economic forecast by showing what our cities will look like as this development occurs. From new urban homes and offices spaces being created in downtown Oakland to massive developments happening at the San Francisco Shipyards and around San Jose’s Diridon Station, we can now see the future before it is built. Speakers include:
Forecasting the Future
John Williams, President and CEO, Federal Reserve Bank of San Francisco
Ranjana Clark, Bay Area President, Union Bank
Kausik Rajgopal, West Coast Regional Manager, McKinsey & Company
Colin Yasikochi, Director of Research and Analysis, CBRE
Igor Popov, Economist, Airbnb
Visualizing the Future
O’Bien Chalmers, President, Steelblue
Radha Mistry, Futurist, Autodesk
Aaron Selvertson, CEO and Founder, Owlized
Mayor Libby Schaaf, City of Oakland; Vice Chair, Bay Area Council Economic Institute
A continental breakfast will be served. Council members will receive a 50% discount using the code BACEI2018. Click here to register.
Behind the Bay Area Council’s continuing advocacy, the California legislature this year took its first (albeit modest) actions to address the state’s historic housing crisis. Much, much more needs to be done, and the Council’s Executive Committee and Board of Directors, under the leadership of Chair and Kaiser Permanente CEO Bernard J. Tyson, this week approved a 2018 policy agenda that calls for escalating our work to achieve deeper, stronger and more effective reforms for spurring the tsunami of new housing the state so badly needs. Already, the Council is identifying new legislation for 2018 that can speed the approval and bring down the cost of new housing.
The 2018 agenda also prioritizes ridding the scourge of traffic fom the Bay Area’s roads and highways and getting more commuters out of their vehicles and into ferries, carpools, shuttles and other forms of transit. The Council is gearing up now for a campaign to win passage of Regional Measure 3, a $4.4 billion transportation investment plan that is expected to hit the June 2018 ballot. Rounding out the Council’s top policy priorities for 2018 is building a stronger workforce pipeline to meet the future needs of the region’s employers. The Council’s Workforce of the Future Committee is making immense strides to better align educators and employers to close the region’s yawning middle skills and talent gap, as well as creating new career opportunities for underserved youth.
Along with the top three policy priority areas, the 2018 agenda includes gender equity and workforce diversity, healthcare, advanced communication infrastructure, China and global innovation, carbon reduction and renewables, and water and climate resiliency.
The policy agenda was approved Thursday (Dec. 7) during a meeting hosted by new member Santa Clara University. The Board also welcomed state Sen. Jim Beall Jr. and applauded him for his incredible leadership as the author this year of SB 1, which invests $52 billion in statewide transportation improvements, and SB 595, which authorized the vote on Regional Measure 3. Beall talked about both measures and outlined his plans for new legislation for delivering transportation projects faster and at lower cost. The Council will be working closely with Sen. Beall on that project delivery legislation.
California’s housing crisis was the hot topic of a discussion the Bay Area Council Housing Committee hosted this week with special guest Eleni Kounalakis, 2018 candidate for Lieutenant Governor and former U.S. Ambassador to Hungary. Kounalakis, former president of AKT Development, one of California’s largest housing development firms, said housing is a major plank in her campaign. She described a number of concrete strategies to increase housing production, many of which are consistent with solutions the Council is pursuing, including utilizing public land for development, adding teeth to the housing element law, making some public funds dependent on housing production, supporting bonds to subsidize housing, and creating CEQA exemptions for housing for teachers, first responders, nurses and other employees that are vital to supporting our “social infrastructure.” Kounalakis cited Bay Area first responders who live in Sacramento because of a lack of affordable housing in the Bay Area and the public safety risk that poses here. The Housing Committee will be advocating and potentially sponsoring state legislation next year to support many of these policies. To engage in the Council’s housing policy work, please contact Senior Vice President Matt Regan.
As winter approaches, there is growing urgency to help get shelter, medical care and other important services to the tens of thousands of residents devastated by the North Bay fires. In partnership with the Tipping Point Emergency Relief Fund and companies like Salesforce and Kaiser Permanente, the Bay Area Council is urging its members to become a sponsor of Band Together 2, a benefit concert on Dec. 14 at San Francisco’s Bill Graham Civic Auditorium featuring the Red Hot Chili Peppers. Concert proceeds will support organizations like Santa Rosa Community Health, which provides primary health care and health education to underserved individuals and families regardless of their ability to pay. 24,000 of Santa Rosa Community Health’s patients, lacking any other source of care, have been medically displaced. In Santa Rosa and across the North Bay, the fires have stretched already limited resources thin, threatening long-term wellbeing. The Bay Area Council was proud to raise $3.3 million for the first Band Together concert on Nov. 9. Become a Band Together 2 sponsor today>>
The Bay Area Council this week announced it is partnering with a coalition of business and community leaders to promote Band Together Bay Area, a campaign led by nonprofit Tipping Point to support local relief and long-term recovery efforts for the thousands of residents, businesses and others who have been impacted by the devastating North Bay fires.
Council members Kaiser Permanente, Salesforce, San Francisco Giants and Google are among the founding sponsors of Band Together Bay Area, which will hold a benefit concert on Thursday, Nov. 9 at AT&T Park featuring Metallica, Dead & Company, Dave Matthews, G-Eazy, Rancid and others. Tickets for the Band Together Bay Area concert can be purchased at bandtogetherbayarea.org and Ticketmaster.com.
The Council is working to make Band Together Bay Area a focus of its Annual Dinner and Bay Area Business Hall of Fame event, which is also scheduled for Nov. 9. The Council, whose Chair is Kaiser Permanente CEO Bernard J. Tyson, is planning to devote part of its Annual Dinner event to raising contributions for Band Together Bay Area and will provide free shuttles to the concert after. To make a contribution to Band Together, please contact Policy Manager Rachele Trigueros.
Funds raised by Band Together Bay Area will go into an emergency relief fund established by Tipping Point Community and will be directed to the North Bay community foundations, service providers and government partners supporting the low-income communities hit hardest by the fires. The fund aims to address urgent needs, such as temporary housing, food, education and healthcare services, as well as rebuilding efforts. Beneficiaries to date include: Community Foundation Sonoma County, Napa Valley Community Foundation, the Redwood Credit Union Community Fund, Inc. as part of the North Bay Fire Relief Fund established by the Press Democrat and Senator Mike McGuire, Catholic Charities of Santa Rosa, among others.
The Bay Area Council is proud to partner with member San Francisco Business Times on one of the largest and most highly anticipated CEO award programs in the Bay Area. The San Francisco Business Times’ 2017 Most Admired CEO Awards, which will be held Wednesday, November 15 beginning at 5:30pm at The St. Regis San Francisco, will recognize outstanding CEOs at this prestigious event honoring great leadership, vision and values. Join us in celebrating some of our region’s most esteemed business leaders, including Bay Area Council Executive Committee members Benno Dorer, Chairman and CEO The Clorox Company; Jes Pedersen, President and CEO of Webcor Builders; Clint Reilly, President and Chairman of Clinton Reilly Holdings; and Anthony F. Earley Jr., Executive Chairman of PG&E Corporation, who will be honored with the Lifetime Achievement Award. Click here to see who are the Bay Area’s most-admired CEOs and to purchase tickets>>
The Bay Area Council’s own Jim Wunderman will be honored as San Francisco State University Alumnus of the Year at the 2017 President’s Dinner & Alumni Hall of Fame Celebration on Friday, November 3 from 6-9 p.m. at the Ritz Carlton in San Francisco. To attend and help celebrate Jim’s many contributions to SFSU and our region, please reserve a table or seat today.
Wunderman graduated from SFSU in 1984 with a degree in political science and for the past 12 years has led the Council through an unprecedented period of expansion. Wunderman, named one of the Top 100 movers and shakers in California politics that past two years, has led the Council’s efforts to advocate for billions of dollars in federal, state and regional funding for major transportation projects, solve the state’s housing crisis and positioned the Council as a thought-leader by expanding to Sacramento, overseeing offices in China, and partnering with the state to reopen the California-China Trade Office.
Joined by leaders from industry, academia and philanthropy, the Bay Area Council’s Workforce of the Future Committee on Monday (Oct. 2) explored new approaches to addressing the burgeoning skills and talent gaps affecting employers’ bottom lines and workers’ livelihoods. AT&T California President and Council Executive Committee member Ken McNeely joined Mitchell Stevens, Director of Stanford University’s Center for Advanced Research through Online Learning, Don Howard, President and CEO of the Irvine Foundation, and Felix Ortiz, Founder, Chairman and CEO of Viridis Learning, for a discussion on the roles of employers, educators and job seekers in keeping up with our changing economy. The discussion also emphasized the need for interconnectedness and alignment between these entities, expanded career pathways and work-based learning opportunities, and funding of innovative efforts. Our thanks to Council member Salesforce for hosting the event.
Those in the room agreed that our region urgently needs to collaboratively implement solutions, such as industry-led partnerships with school districts, community colleges, and four-year universities, in order to see long-lasting outcomes and systems change. With the guidance of Bay Area Council members and thought leaders like those that participated in Monday’s meeting, the Workforce of the Future Committee is pursuing efforts like the Occupational Councils and the Bay Area Young Men of Color Employment Partnership to support systems change by aligning hiring needs with educational offerings, and addressing barriers to entry faced by specific historically underrepresented populations, respectively. To participate in the Workforce of the Future Committee, please contact Senior Vice President Linda Bidrossian.
California took an important first step today in addressing its massive housing crisis when Gov. Jerry Brown signed a package of legislation aimed at providing new funding, streamlined local approvals and stronger enforcement of existing housing laws. Bay Area Council CEO Jim Wunderman joined Gov. Brown, legislators and housing advocates from around the state at a signing ceremony in San Francisco’s Hunter’s Point for 15 bills that included a handful for which the Council had advocated. SB 2 (Atkins) creates a $75 real estate transaction fee that is estimated to generate $250 million annually for affordable housing and SB 3 (Beall) authorizes a statewide $4 billion bond measure for housing that is expected to appear on the ballot in 2018. In addition, SB 166 (Skinner) and SB 167 (Skinner) add teeth to existing laws requiring cities to approve new housing. Much more remains to be done to open the pipeline of new housing the state so badly needs and the Council is already turning its attention to the next legislative session. With an annual shortfall of about 80,000 housing units on top of an estimated 2 million unit deficit, California has a long way to go before it closes the gap and begins to make a dent in its affordability problem.
For over 10 years, the Bay Area Council has helped expand bilateral trade and investment between the Bay Area and the fast-emerging technology and innovation hub of Yangpu District in Shanghai, which is now the host city for China’s annual Mass Entrepreneurship and Innovation Week presided over by Chinese Premier Li Keqiang. And, last week, the Council led some of the region’s top clean energy innovators to participate in the major summit, including California Clean Energy Fund and startup incubator 500 Startups, where delegation members spoke at the week’s headline conference. In his keynote address at the Sino-US Green Innovation Forum, Council CEO Jim Wunderman highlighted the role the Bay Area plays in propelling the Yangtze Delta Region to a knowledge-based, hi-tech economy. In partnership with the Yangpu District’s government, the Council has helped over 50 Californian companies grow their presence in the Asian market.
Also this month a delegation of Bay Area life science companies and researchers traveled to China to explore business development and expansion opportunities. Organizations such as BIOCOM and Twist Bioscience expressed the unique benefits and opportunities that come with working in China – a process simplified by the Council’s China Initiative platform. Ongoing projects such as the Council’s Global Innovation Center in Nanjing and partnership work in Hangzhou will continue to expand economic opportunities between California and the Yangtze Delta Region as it continues to transform its industrial economy into a globally competitive, innovation hub. To engage in our China initiative, please contact Chief of Global Business Development Del Christensen.