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S.F. Bay Area Pandemic Recovery Among Worst in U.S.

San Francisco’s recovery from the throes of the COVID-19 pandemic is one of the worst in the country among major metropolitan areas, according to an economic recovery tracker recently launched by the Bay Area Council business group. Among the 25 largest metro areas in the country by regional gross domestic product, San Francisco’s pandemic recovery ranked 24th on the Regional Economic Recovery Index, besting only Baltimore.

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Silvia Quintero rings up a customer at the Hicklebee's store in Downtown Willow Glen, in Santa Clara County, Calif., on June 15, 2021. (Harika Maddala/Bay City News)
Silvia Quintero rings up a customer at the Hicklebee's store in Downtown Willow Glen, in Santa Clara County, Calif., on June 15, 2021. (Harika Maddala/Bay City News)

By Eli Walsh
Bay City News Foundation

San Francisco’s recovery from the throes of the COVID-19 pandemic is one of the worst in the country among major metropolitan areas, according to an economic recovery tracker recently launched by the Bay Area Council business group.

Among the 25 largest metro areas in the country by regional gross domestic product, San Francisco’s pandemic recovery ranked 24th on the Regional Economic Recovery Index, besting only Baltimore.

San Jose fared better, but is still in the back half of the ranking at 16th. The Austin, Dallas and Denver metro areas have had the greatest recovery to date, according to the Bay Area Council.

Pandemic recovery was measured via 15 different metrics, including local job growth, population growth, office occupancy, labor force growth, sales tax receipts and the construction of new housing.

San Francisco’s recovery ranking includes data from Oakland and Berkeley, while San Jose’s includes data from Sunnyvale and Santa Clara.

“The Bay Area is competing for its economic future and in any competition it’s critical to know where we stand and where we need to invest time, energy and resources to succeed,” said Jeff Bellisario, the Bay Area Council Economic Institute’s executive director.

The Economic Institute developed the index in partnership with the commercial real estate firm CBRE and its Tech Insights Center.

CBRE has regularly tracked office occupancy in San Francisco throughout the pandemic, finding in a report released last month that roughly 27% of the city’s offices were vacant at the end of 2022.

In addition, permanent remote work skyrocketed in the Bay Area between 2019, when between 5% and 10% of workers in counties across the region self-reported that they worked from home, and 2021, when that number is as high as 46% in San Francisco, according to data from the U.S. Census Bureau’s American Community Survey.

San Francisco also ranked last on the index’s measure of economic activity with a score of just 3.2 out of 100, driven mainly by the city’s sales tax revenue falling $96 million from 2019 to 2021. Washington, D.C., was the next closest region with a score of 12.7.

The stark drop in sales tax receipts and passengers boarding flights — the two metrics tracked for economic activity — has also had a cascading effect as the city and local governmental bodies like transportation agencies all face budget issues.

San Jose and San Francisco scored well in just one category — investment — with the San Jose metro area attracting the most venture capital funding of the 25 measured regions. San Francisco ranked eighth, near Philadelphia and New York.

“Macroeconomic uncertainty in the short-term and new challenges related to remote and hybrid office-based work could slow the usual robust, tech-driven economic rebound the Bay Area expects,” said Colin Yasukochi, the executive director of CBRE’s Tech Insights Center.

“This is especially true for urban downtown areas that could benefit from economic incentives and other public sector support,” he added.

The index report is the first of three the Bay Area Council and CBRE plan to issue in the coming months to track regional pandemic recovery, with the next report scheduled for the second half of 2023.

The recovery index can be found at http://www.bayareaeconomy.org/economic-recovery.

 

EDITORS PLEASE NOTE: An image related to this story can be obtained from the following Bay City News Service web link: https://www.baycitynews.com/images/BCN-20210615-CALIFORNIAREOPEN-001.JPG

 

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Alameda County

DA Pamela Price Stands by Mom Who Lost Son to Gun Violence in Oakland

Last week, The Post published a photo showing Alameda County District Attorney Pamela Price with Carol Jones, whose son, Patrick DeMarco Scott, was gunned down by an unknown assailant in 2018.

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District Attorney Pamela Price with Carol Jones
District Attorney Pamela Price with Carol Jones

Publisher’s note: Last week, The Post published a photo showing Alameda County District Attorney Pamela Price with Carol Jones, whose son, Patrick DeMarco Scott, was gunned down by an unknown assailant in 2018. The photo was too small for readers to see where the women were and what they were doing.  Here we show Price and Jones as they complete a walk in memory of Scott. For more information and to contribute, please contact Carol Jones at 510-978-5517 at morefoundation.help@gmail.com. Courtesy photo.

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Bay Area

State Controller Malia Cohen Keynote Speaker at S.F. Wealth Conference

California State Controller Malia Cohen delivered the keynote speech to over 50 business women at the Black Wealth Brunch held on March 28 at the War Memorial and Performing Arts Center at 301 Van Ness Ave. in San Francisco. The Enterprising Women Networking SF Chapter of the American Business Women’s Association (ABWA) hosted the Green Room event to launch its platform designed to close the racial wealth gap in Black and Brown communities.

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American Business Women’s Association Vice President Velma Landers, left, with California State Controller Malia Cohen (center), and ABWA President LaRonda Smith at the Enterprising Women Networking SF Chapter of the ABWA at the Black Wealth Brunch.
American Business Women’s Association Vice President Velma Landers, left, with California State Controller Malia Cohen (center), and ABWA President LaRonda Smith at the Enterprising Women Networking SF Chapter of the ABWA at the Black Wealth Brunch.

By Carla Thomas

California State Controller Malia Cohen delivered the keynote speech to over 50 business women at the Black Wealth Brunch held on March 28 at the War Memorial and Performing Arts Center at 301 Van Ness Ave. in San Francisco.

The Enterprising Women Networking SF Chapter of the American Business Women’s Association (ABWA) hosted the Green Room event to launch its platform designed to close the racial wealth gap in Black and Brown communities.

“Our goal is to educate Black and Brown families in the masses about financial wellness, wealth building, and how to protect and preserve wealth,” said ABWA San Francisco Chapter President LaRonda Smith.

ABWA’s mission is to bring together businesswomen of diverse occupations and provide opportunities for them to help themselves and others grow personally and professionally through leadership, education, networking support, and national recognition.

“This day is about recognizing influential women, hearing from an accomplished woman as our keynote speaker and allowing women to come together as powerful people,” said ABWA SF Chapter Vice President Velma Landers.

More than 60 attendees dined on the culinary delights of Chef Sharon Lee of The Spot catering, which included a full soul food brunch of skewered shrimp, chicken, blackened salmon, and mac and cheese.

Cohen discussed the many economic disparities women and people of color face. From pay equity to financial literacy, Cohen shared not only statistics, but was excited about a new solution in motion which entailed partnering with Californians for Financial Education.

“I want everyone to reach their full potential,” she said. “Just a few weeks ago in Sacramento, I partnered with an organization, Californians for Financial Education.

“We gathered 990 signatures and submitted it to the [California] Secretary of State to get an initiative on the ballot that guarantees personal finance courses for every public school kid in the state of California.

“Every California student deserves an equal opportunity to learn about filing taxes, interest rates, budgets, and understanding the impact of credit scores. The way we begin to do that is to teach it,” Cohen said.

By equipping students with information, Cohen hopes to close the financial wealth gap, and give everyone an opportunity to reach their full financial potential. “They have to first be equipped with the information and education is the key. Then all we need are opportunities to step into spaces and places of power.”

Cohen went on to share that in her own upbringing, she was not guided on financial principles that could jump start her finances. “Communities of color don’t have the same information and I don’t know about you, but I did not grow up listening to my parents discussing their assets, their investments, and diversifying their portfolio. This is the kind of nomenclature and language we are trying to introduce to our future generations so we can pivot from a life of poverty so we can pivot away and never return to poverty.”

Cohen urged audience members to pass the initiative on the November 2024 ballot.

“When we come together as women, uplift women, and support women, we all win. By networking and learning together, we can continue to build generational wealth,” said Landers. “Passing a powerful initiative will ensure the next generation of California students will be empowered to make more informed financial decisions, decisions that will last them a lifetime.”

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Bay Area

MAYOR BREED ANNOUNCES $53 MILLION FEDERAL GRANT FOR SAN FRANCISCO’S HOMELESS PROGRAMS

San Francisco, CA – Mayor London N. Breed today announced that the U.S. Department of Housing and Urban Development (HUD) has awarded the city a $53.7 million grant to support efforts to renew and expand critical services and housing for people experiencing homelessness in San Francisco.

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Mayor London Breed
Mayor London Breed

FOR IMMEDIATE RELEASE:

Wednesday, January 31, 2024

Contact: Mayor’s Office of Communications, mayorspressoffice@sfgov.org

***PRESS RELEASE***

MAYOR BREED ANNOUNCES $53 MILLION FEDERAL GRANT FOR SAN FRANCISCO’S HOMELESS PROGRAMS

HUD’s Continuum of Care grant will support the City’s range of critical services and programs, including permanent supportive housing, rapid re-housing, and improved access to housing for survivors of domestic violence

San Francisco, CA – Mayor London N. Breed today announced that the U.S. Department of Housing and Urban Development (HUD) has awarded the city a $53.7 million grant to support efforts to renew and expand critical services and housing for people experiencing homelessness in San Francisco.

HUD’s Continuum of Care (CoC) program is designed to support local programs with the goal of ending homelessness for individuals, families, and Transitional Age Youth.

This funding supports the city’s ongoing efforts that have helped more than 15,000 people exit homelessness since 2018 through City programs including direct housing placements and relocation assistance. During that time San Francisco has also increased housing slots by 50%. San Francisco has the most permanent supportive housing of any county in the Bay Area, and the second most slots per capita than any city in the country.

“In San Francisco, we have worked aggressively to increase housing, shelter, and services for people experiencing homelessness, and we are building on these efforts every day,” said Mayor London Breed. “Every day our encampment outreach workers are going out to bring people indoors and our City workers are connecting people to housing and shelter. This support from the federal government is critical and will allow us to serve people in need and address encampments in our neighborhoods.”

The funding towards supporting the renewal projects in San Francisco include financial support for a mix of permanent supportive housing, rapid re-housing, and transitional housing projects. In addition, the CoC award will support Coordinated Entry projects to centralize the City’s various efforts to address homelessness. This includes $2.1 million in funding for the Coordinated Entry system to improve access to housing for youth and survivors of domestic violence.

“This is a good day for San Francisco,” said Shireen McSpadden, executive director of the Department of Homelessness and Supportive Housing. “HUD’s Continuum of Care funding provides vital resources to a diversity of programs and projects that have helped people to stabilize in our community. This funding is a testament to our work and the work of our nonprofit partners.”

The 2024 Continuum of Care Renewal Awards Include:

 

  • $42.2 million for 29 renewal PSH projects that serve chronically homeless, veterans, and youth
  • $318,000 for one new PSH project, which will provide 98 affordable homes for low-income seniors in the Richmond District
  • $445,00 for one Transitional Housing (TH) project serving youth
  • $6.4 million dedicated to four Rapid Rehousing (RRH) projects that serve families, youth, and survivors of domestic violence
  • $750,00 for two Homeless Management Information System (HMIS) projects
  • $2.1 million for three Coordinated Entry projects that serve families, youth, chronically homeless, and survivors of domestic violence

In addition, the 2023 CoC Planning Grant, now increased to $1,500,000 from $1,250,000, was also approved. Planning grants are submitted non-competitively and may be used to carry out the duties of operating a CoC, such as system evaluation and planning, monitoring, project and system performance improvement, providing trainings, partner collaborations, and conducting the PIT Count.

“We are very appreciative of HUD’s support in fulfilling our funding request for these critically important projects for San Francisco that help so many people trying to exit homelessness,” said Del Seymour,co-chair of the Local Homeless Coordinating Board. “This funding will make a real difference to people seeking services and support in their journey out of homelessness.”

In comparison to last year’s competition, this represents a $770,000 increase in funding, due to a new PSH project that was funded, an increase in some unit type Fair Market Rents (FMRs) and the larger CoC Planning Grant. In a year where more projects had to compete nationally against other communities, this represents a significant increase.

Nationally, HUD awarded nearly $3.16 billion for over 7,000 local homeless housing and service programs including new projects and renewals across the United States.

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