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Since taking office, Mayor Reed has aggressively pursued economic development and worked to ensure that businesses are welcome in San José. These efforts have helped maintain San José’s status as Capital of Silicon Valley and the Innovation Center of the World.
- Mayor Reed has met individually with more than 150 San José and Silicon Valley CEOs to thank them for their commitment to staying and growing here.
- Mayor Reed has helped recruit numerous businesses – including Brocade, Toshiba, Ericsson, Tesla, Solopower, Ultratech – to Downtown San José and our North San Jose and Edenvale innovation districts. In 2008-09 alone, these efforts have enabled 10 companies (employing more than 3500 workers) to locate and grow in San Jose.
- As part of his Green Vision, Mayor Reed has helped grow San José’s clean tech industry sector by supporting Federal DOE loan guarantee assistance for local companies hoping to build manufacturing factories employing thousands of workers.
- Mayor Reed led a Council-approved Economic Stimulus Plan to strengthen and diversify San Jose’s economic base and to attract R&D and manufacturing jobs.
- The Mayor initiated a process to extend permits for office and residential development projects valued at over $5 billion that are at a standstill due to the national credit crisis.
- As a champion of the Employment Lands Preservation Policy, Mayor Reed has successfully preserved job-generating lands in San Jose’s prime heavy and light industrial areas, ensuring companies have a place to expand here.
- Mayor Reed has fought to improve and expedite the city’s permit process, advocating for the Special Tenant Improvement Program and the Industrial Tools Installation Program, which process permits in hours (rather than days) and help developers/contractors to deliver buildings to corporate tenants on time;
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