AgdaPkt 2012-11-05 - Laserfiche WebLink

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� 8.A. - Page 1 Redwood �llt�QalifaPnla mumeo ias� � CITY COUNCIL MEMBER REPORT OF CONFERENCE/MEETING ATTENDANCE Name: Barbara Pierce Vendor No.: Department: City Council Voucher No.: Responsible Standing Committee:_X_ Conference or meeting: ABAG Conference October 18, 2012 I attended the conference as the City representative. Enrico Moretti the author of New Geoqraphy of Jobs was very interestinq, with specific information that would be pertinent to Redwood City. He analyzed economic development and Bay Area economic vitality and resilience. He found that there is a multiplier effect that certain iobs indirectly provide support for other iobs. For example in a 10 year timeline the creation of hiqh tech, hiqher waqe iobs, provides the support for the creation of many more iobs to provide the services for those hiqher waqe workers. This appears to be more true of hiqh tech iobs producinq more support iobs than manufacturinq does. He mentioned 3 implications: 1. a small minority of the total employment, rouqhly 20% of jobs create wealth that supports 70% of other workers in support fields. 2 the best way for a city to qenerate iobs for less educated workers is to attract hiqh tech companies that hire hiqhly educated workers, that then need the other support iobs and workers; 3 that taxes that penalize hiqh tech employers are counterproductive as most of the hiqh tech expenditures are personnel expenditures. A critical piece to the success of an area is qood educational opportunities and well educated community members. Great schools, students who qraduate and well educated, and companies that hire the well educated attract more hiqhlv educated people to live in the community. Access to qreat education then becomes a key for community success. � F November 1, 2012 Barbara Pierce Date Council Member The Administrative Code requires reports of conferences or meetings for which a council member requests per diem or expense reimbursement. Reports must be submitted to the City Clerk of no later than the Wednesday of the week before the next City Council meeting. Reports must be submitted before the City of Redwood City will pay per diem or reimbursement for the conference or the meeting. Reports are not required for City Council meetings,or meetings with Council members,the City Manager,City Attorney or City Clerk.