The Bay Area Council this week joined leaders from the Chinese district of Gulou to announce the launch of an exciting new Bay Area Innovation Center in Nanjing. Bay Area Council Economic Institute President Dr. Micah Weinberg traveled to Nanjing to serve as a keynote speaker at the Golden Autumn Trade Festival where the new center was announced. The center will offer companies resources to access the region’s top tier talent and establish a bridge for startups to navigate between the Yangtze Delta region, San Francisco and Silicon Valley. Discussions focused on Nanjing’s efforts to transition to an innovation economy through its connections with the Bay Area. With the help of the Economic Institute, as the leading think tank focusing on the key issues affecting the Bay Area economy, the Bay Area Innovation Center will serve as the platform connecting key resources such as training, services, capital and institutions to realize this vision. Over the past 10 years, the Bay Area Council has published seminal reports explaining the components of how our innovation ecosystem works at a global scale, and worked to guide Chinese investors looking to enter or expand in the Bay Area and California marketplaces. To learn about the Economic Institute’s upcoming report on Chinese Innovation or to get involved with Council’s China Initiative, please contact Chief of Global Business Development Del Christensen.
A rising star in China’s fast-emerging technology and innovation sector that the Bay Area Council has been partnering with since our entry into the country 10 years ago has earned high praise from the country’s leadership. The Yangpu District of Shanghai has been named one of just three venues for China’s annual Mass Entrepreneurship and Innovation Week conference in September. The Council is helping organize a delegation to participate in a Sino-US Incubator Green Innovation Forum on September 18 as part of the conference, which will be presided over by Chinese Premier Li Keqiang. Yangpu’s hosting of the conference comes on top of its designation as a “National Pilot Innovation District” in 2010 and an “Entrepreneur and Innovation Model Base” in 2016. The Green Innovation Forum will be attended by Chinese government leaders and local enterprises from Yangpu, Shanghai and the Bay Area, including various incubators and accelerators, and emerging and successful business leaders. To join the Council’s delegation and to learn more about our work to expand economic opportunities in China for Bay Area companies, please contact Chief of Global Business Development Del Christensen.
If you visit Oracle headquarters in Redwood Shores, you’ll see a new building under construction at the north end of campus. In early 2018, Design Tech High School (d.tech) will move into this facility — its purpose-built home — and become the first public high school in the U.S. to be located on a tech company’s campus, while remaining fully autonomous. d.tech—a free public charter school— has occupied temporary spaces in existing education facilities since it was founded in 2014. In October 2015, Oracle CEO Safra Catz announced plans to construct the school a permanent home at the company’s headquarters. The new school facility was designed to meet the specialized needs of the school’s forward-thinking education model, which emphasizes extreme personalization and putting knowledge into action. The 64,000-square-foot, two-story building will also enable the school to grow to full capacity (550 students). The building is targeting LEED for Schools Gold with an efficient building form/envelope, a healthy interior environment, and low-impact landscaping. Visit Oracle’s d-tech to learn more.
The Bay Area Council issued the following statement responding to legislation introduced Wednesday (Aug. 2) by President Trump and Sens. Tom Cotton and David Perdue that proposes to dramatically lower legal immigration levels.
“Immigrants are and have been a powerful source of ideas, innovation, entrepreneurship and job creation helping drive the Bay Area’s world-leading knowledge-based economy,” said Jim Wunderman, President and CEO of the Bay Area Council. “Our broken federal immigration system has long needed comprehensive reform, which in addition to other objectives must ensure that newcomers are making positive and productive contributions to our economy and our communities and not putting America workers at a disadvantage. It will be important that any reform legislation recognize the important role immigrants play in growing our economy, creating jobs and bolstering our global competitiveness.
“We must be extremely careful not to impose limits that hurt our ability to attract foreign workers to help employers meet a wide range of workforce needs, including high-skilled positions and lower-skilled jobs in such industries as agriculture and construction. High-skilled immigration is a bedrock of the Bay Area’s economy and we must keep the door open to people from around the world who are prepared to contribute. While there is room for reform – H-1B visas are an example – any process should be built on a considered, transparent process and bipartisan agreement.”
To engage in our federal policy work, please contact Senior Advisor George Broder.
It’s estimated that as many as one million Californians (10 times the population of Flint, Michigan) lack access to safe, clean drinking water, mostly in rural, economically disadvantaged areas. This troubling statistic undergirded the Bay Area Council Water Committee’s conversation with Senator Bill Monning (D-Carmel) hosted by member company Cargill on Tuesday (July 25). Senator Monning’s bill, SB 623, would create a new clean drinking water fund capitalized through a combination of new fertilizer taxes and fees on water utility bills. The Council took the issue under advisement until the precise bill language becomes available. The Committee also received a briefing from the Department of Water Resources’ Erin Mellon on the race against time to repair the Oroville Dam Spillway, which was destroyed during last years’ record rainfall. To engage with the Council’s Water Committee, please contact Vice President of Public Policy Adrian Covert.
On Tuesday, the Council was joined by Fiona Ma, member of the California Board of Equalization, to honor 14 top banking officials from China’s central government. The Chinese delegation, participating in Visa’s annual training and exchange immersion program in the US financial system, was welcomed by the Bay Area business community and engaged in cross-discussions on California-China initiatives and collaborations.
Economic & Commercial Counselor Yang Yihang, from the Chinese Consulate-General’s Office in San Francisco, offered welcoming remarks, commending the delegates for their participation in the program. Boasting of California’s significant trade and investment ties with China, Fiona Ma highlighted the innovation and financial activities happening on the individual-state level and underscored the mutual benefits in continued cross-exchanges.
The event concluded with open discussion between the delegation and California businesses on topics ranging from China’s foreign direct investment in California to California’s potential involvement in China’s One Belt One Road Initiative. Fostering dialogue and the sharing of opportunities in the unique cross-border relationship is a key focus for the Council operating the California-China Office of Trade and Investment. To learn how the Council can help businesses maneuver amidst China’s changing political and economic environment, please contact Chief of Global Business Development Del Christensen.
On July 25 the Economic Institute released its newest report—Innovation Bridge: Technology, Startups, and Europe’s Connection to Silicon Valley, at the Runway accelerator in San Francisco. The report, which was supported by the European Union and other international and Bay Area partners, looks at the dynamic process that every year brings hundreds of European startup and early stage companies to the Bay Area, many of which stay and grow in the region. It particularly assesses the environment for starting and growing young technology companies in Europe and the region Bay Area. The conclusions document the unique role that the region plays as the world’s leading innovation and entrepreneurial platform. More than two-hundred participants came to listen to the report’s findings and to engage with a distinguished panel of investors, technologists, innovation directors, and leaders in the startup community, who provided their own perspectives. The report is available on the Economic Institute’s website www.bayareaeconomy.org.
Following years of hard work and advocacy, the Bay Area Council today joined Governor Jerry Brown, Congresswoman Nancy Pelosi, Congresswoman Anna Eshoo, Congresswoman Jackie Speier and other key stakeholders at the Millbrae Caltrain Station for the historic groundbreaking ceremony of the Caltrain Electrification Project.
“It’s ironic that the region that invents much of the future has struggled with an overcrowded, diesel-powered, 153-year-old rail line running right through its heart – but today that changes. Silicon Valley will soon have a modern, fast and clean rail system that according to our 2012 study, will deliver 9,600 construction and related jobs and generate more than $2 billion in economic activity across America. Our region is not alone dealing with outdated infrastructure and we hope Congress can unite around a large-scale national improvement program this year, making Caltrain Electrification the start of a legacy of new building.”
The Council has long advocated for an electrified Caltrain and helped assemble the original package of federal, state and regional funding for the project. The final push across the finish line came in May when U.S. Secretary of Transportation Elaine Chao approved a final $647 million grant that had been promised to help pay for the project. Special thanks goes to Senator Dianne Feinstein who worked very hard behind the scenes to achieve this momentous goal.
To engage in the Council’s transportation policy work, please contact Senior Vice President of Policy Michael Cunningham.
This week marked a major victory for Governor Jerry Brown and California’s clean energy future with the legislature’s bipartisan passage of a landmark package – AB 617 by Assemblymembers Cristina Garcia (D-Bell Gardens), Eduardo Garcia (D-Coachella) and Miguel Santiago (D-Los Angeles) and AB 398 by Assemblymember Eduardo Garcia (D-Coachella) – to combat air pollution in neighborhoods and extend California’s signature cap-and-trade program to meet ambitious climate change goals. The Bay Area Council was part of a broad and diverse coalition in support of the legislation.
The Council has long supported California’s global leadership on a sustainable clean energy future. “As the first business group to support AB32 and cap-and-trade, the Bay Area Council believes the program has worked exceptionally well,” said Bay Area Council President and CEO Jim Wunderman. “California has shown that it’s possible to reduce carbon, improve local air quality, spur new clean energy industries and jobs, and have an economy that’s the envy of the nation. The extension of cap-and-trade until 2030 will keep California on track for its climate goals and its clean energy leadership.”
To engage in the Council’s energy policy work, please contact Senior Vice President of Policy Michael Cunningham.
The Bay Area Council Economic Institute, EIT Digital, and the Association of European Chambers of Commerce and Business Associations invite you to the release of the Economic Institute’s new report, Innovation Bridge: Technology, Startups, and Europe’s Connection to Silicon Valley. The event will be held next Tuesday, July 25 from 5-8pm at Runway in San Francisco.
Europe is a major economic presence in the Bay Area, through trade, investment, and people. More than any other area of the world, it enjoys strong ties to the region through technology and innovation, and in particular through startups. The report, developed with support from the European Union and regional and international partners, analyzes the dynamic process that each year draws hundreds of European startups and early stage companies to the Bay Area. The event will examine what the startup map of Europe looks like, the environment in Europe for starting and growing technology companies, and the push and pull factors that lead so many startup companies to the Bay Area. Click here to see the full agenda and register>>