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San José Mayor, Silicon Valley Leaders Announce COVID-19 Economic Recovery Council
Co-Chairs will represent business, labor, and philanthropy and provide economic policy recommendations
FOR IMMEDIATE RELEASE
April 16, 2020
Rachel Davis, Office of Mayor Sam Liccardo, 408.712.9149, firstname.lastname@example.org
SAN JOSE, CA. - Today, Mayor Liccardo announced the formation of the Silicon Valley Economic Recovery and Resilience Council (SV-ERRC), a group of Silicon Valley business leaders who will set the path for economic recovery in the region.
This flagship group will be tasked with making policy recommendations to local and regional governing bodies that ensure political leaders harness state and federal resources, get families back to work, and prepare for the economy’s “new normal”.
“As the curve begins to flatten and we shift our focus from the immediate task of saving lives, we now turn our attention to the critical responsibility of saving livelihoods,” said Mayor Sam Liccardo. “We are immensely grateful to the members of this council as we harness their incredible brainpower and business prowess to explore ways to restart our regional economy.”
The SV-RRC will be given six months to formulate policy recommendations related to job creation required for a hard reset of our regional economy. The SV-ERC will be co-chaired by five high-profile leaders representing business, labor, and philanthropy, including:
- Bobby Alvarado, Executive Officer, NorCal Carpenters Regional Council
- Carl Guardino, CEO of the Silicon Valley Leadership Group
- Chuck Robbins, Chairman and CEO, Cisco
- Lisa Su, President and CEO, AMD
- Nicole Taylor, President and CEO, Silicon Valley Community Foundation
Silicon Valley has been a focal point during the COVID-19 crisis, serving as a national example for decisive early action including pioneering policy such as rental eviction moratoriums and paid sick leave, social compliance to Santa Clara County’s stay-at-home orders, and strong community support for residents and businesses whose livelihoods have been adversely affected. This support culminated in the creation of Silicon Valley Strong, a hub of information, resources, and financial assistance for the region’s worst affected.
The Council will be comprised of approximately 30 members representing the diversity and geography of the region. Individual participants will be announced within the next two weeks and will include representatives from the following sectors:
- Innovation Economy: Tech, Communications, Biotech, Manufacturing, VC’s
- Retail/Service: Restaurants, Small Business, Auto Dealers, Airlines, Hotels
- Real Estate: Residential and Commercial Builders and Brokers, Infrastructure
- Higher Education and Workforce Support
- Financial Institutions and Economic Advisors
- Construction: Home and Commercial Builders
- Health Care Providers
There will be separate committees that revise and receive feedback for the private and public sectors. No elected officials will sit on any committees or the SV-ERRC.
“The economic devastation experienced by the business community is sobering. With over 200,000 layoffs in Santa Clara County, the need to form a plan for a speedy recovery is imperative and will need the expertise of the Valley’s greatest minds,” added Mayor Liccardo. “With this novel partnership between the community, elected officials and the world’s greatest thinkers working in tandem, Silicon Valley can begin the journey to recovery.”
About the City of San José
With more than one million residents, San José is one of the most diverse large cities in the United States and is Northern California’s largest city and the 10th largest city in the nation. San José’s transformation into a global innovation center has resulted in one of the largest concentrations of technology companies and expertise in the world. In 2011, the City adopted Envision San José 2040, a long-term growth plan that sets forth a vision and a comprehensive road map to guide the City’s anticipated growth through the year 2040.