Chef Mayor Gavin Newsom this morning revealed the recipe that has lured more than 50 bio-tech and medical device companies to San Francisco in recent years, including 17 in the Mission Bay area.
Not long ago, The City only had one, Newsom said during a brief speech at the BioPharm America Conference at the San Francisco Marriott, where he played salesman for The City to industry leaders.
Some ingredients that have lured the companies are obvious: A payroll tax exemption and a city staff that would guide companies through a swifter permitting and bureaucratic process.
Another ingredient is more complicated: Changing the negative perception of the bio-pharmaceutical industry.
And a fourth ingredient is odd, but makes sense: Parking.
Yep. Attracting good companies to The City requires many of those precious rectangular slabs of cement in San Francisco.
Newsom also said shame on you to past city leaders who he said condoned protesting in The City of bio-pharmaceutical companies.
The gubernatorial candidate also praised the state of California – and particularly San Francisco – for moving forward with stem cell research and other life science innovations while the Bush Administration was stymied the national effort.