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San Francisco's Local Economic Stimulus Plan

On 2/11/09 Mayor Gavin Newsom unveiled the details of his five-part plan for stimulating and supporting the local economy.

"Today we face extraordinary challenges, but among those challenges is the risk of being consumed solely by the crisis at hand," said Mayor Newsom. "We must continue to think strategically and continue to invest in the people, infrastructure and businesses that will pull our economy out of this decline."

The five-part economic plan includes: (i) accelerating capital spending, (ii) investing in local businesses, (iii) reducing the burdens local government places on local businesses, (iv) supporting our workforce and (v) attracting more foreign investment to San Francisco.

Since the initial announcement of the five-part plan in October, the City’s economic condition has worsened. The updated strategy details, and in some cases expands, the City’s efforts to implement those key strategies. These implementation strategies both build on existing economic development programs and launch a number of major new initiatives.  Read more. 

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IMPORTANT UPDATES/PROGRESS

8.12.09--Mayor Newsom Creates 1,000 Jobs for Unemployed San Franciscans Using Federal Stimulus Resources

7.29.09--View this presentation with updates on our progress on various stimulus programs.

7.15.09--Mayor Newsom Provides First Microloan to Latina Owned Small Business As Part of Local Economic Stimulus

5.4.09--Mayor Newsom meets with White House cabinet secretaries and officials about federal stimulus funding

4.6.09--Mayor Newsom Launches RecoverySF.org to Highlight Federal Stimulus Dollars at Work in SF

4.2.09--In response to credit crisis, Mayor Newsom Launches SF'S SMALL BUSINESS LOAN FUND

3.23.09--Watch OEWD present to the Board of Supervisors Land Use Committee on Local Economic Stimulus

3.18.09--Small Business Loan Fund Update

3.2.09--Watch OEWD present to the Board of Supervisors Land Use Committee on Local Economic Stimulus

2.9.09--Watch OEWD present to the Board of Supervisors Land Use Committee on Local Economic Stimulus

10.20.08--Original press release announcing Mayor's economic recovery plan

  ECONOMIC STIMULUS FOR BUSINESSES  
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