Newsom: Recipe for bio-tech success

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.
 

Bay Area NewsUnder the Dome

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Traffic on 19th Avenue. (Photo courtesy Shutterstock)
Construction on 19th Avenue to begin Monday, traffic delays expected

Officials encourage drivers to take alternate routes, factor in longer travel times

Those who stick around San Francisco on long holiday weekends can enjoy a slower pace, uncrowded streets and beloved institutions like cable cars. <ins>(Kevin Hume/S.F. Examiner)</ins>
These empty San Francisco streets: A holiday dream

We’re here because we can be, and because we have nowhere else to be

Quarterback Nick Mullens is expected to get his third straight start Sunday. Mullens is 46 of 73 for 538 yards with two touchdowns and three interceptions in his other two starts this season. <ins>(Chris Victorio / Special to S.F. Examiner).</ins>
49ers trying to turn season around in Sunday’s prime-time faceoff with the Rams

49ers at Rams When: Sunday, 1:05 p.m. Where: SoFi Stadium, Inglewood TV:… Continue reading

Psilocybin magic mushrooms (Shutterstock)
‘Magic mushrooms’ moving into the mainstream

Efforts to decriminalize psychedelics could follow several different paths

The 2020 Census has concluded taking responses sooner than expected. (Courtesy photo)
What does California have to lose if undocumented immigrants are excluded from the census?

By Kim Bojórquez The Sacramento Bee If The U.S. Supreme Court rules… Continue reading

Most Read