0007 - 2016 Bay Area Economy Year in Review with Jim Wunderman

On this episode of Bay Area Ventures we speak with Jim Wunderman, CEO of www.bayareacouncil.org and take a look back at the San Francisco Bay Area’s economy for 2016, as well as, taking a look forward to what might lie ahead for the region in 2017. The Bay Area economy, to put it simply, has been booming. It has been undergoing a sustained period of growth and economic development. Was 2016 the “best of times”? What were some of the factors that contributed to the current state of the economy? What were some of the biggest challenges the region faced in 2016 and what will be the key drivers and issues going forward? The Bay Area has some of the lowest rates of unemployment in the country but, at the same time, has some of the highest costs of living in the world. Can people afford to live in the Bay Area and, if not, can companies attract and retain the talent needed to maintain its position as one of the leading centers of innovation in the world? Jim covers all these areas and more in this special extended edition of the Bay Area Council Quarterly Update feature of our show.The Bay Area Council is a public policy organization focused on making the San Francisco Bay Area and the Silicon Valley the most globally competitive and economically productive region in the world. The council’s membership is comprised of CEOs from hundreds of the top businesses in the Bay Area and Jim has been its CEO since 2004.Before the Bay Area Council, Jim had a distinguished career in both the public and private sectors. He served as Chief of Staff to San Francisco Mayor Frank M. Jordan from 1992-95, responsible for overseeing all departmental and budgetary functions, and management of the Mayor’s Office. Earlier he served as Special Assistant to Mayor Dianne Feinstein, from 1983-1987, with his duties including oversight of the city’s utility, the Public Utilities Commission, and the Department of Public Works. From 1988 through 1991, he served as Vice President and General Manager of two major waste collection, disposal and recycling firms in the Bay Area under its parent, Recology, Inc (formerly Norcal Waste Systems). From 1997-2004 he served as Senior Vice President for External Affairs at Providian Financial Corporation. Jim is also a Visiting Professor at the UC Davis Graduate School of Management, teaching a course in Executive Leadership. You can see Jim’s full bio here http://www.bayareacouncil.org/people/jim-wunderman/This interview was recorded on January 23, 2017, on SiriusXM Channel 111, Business Radio Powered by the Wharton School. Bay Area Ventures airs live on Mondays at 4:00pm Pacific Time, 7:00pm Eastern Time. For a list of upcoming and past guest information visit www.donaldlandwirth.com and click on the Show link.To participate in our monthly Bay Area Ventures Conversation of the Month visit www.BAVConversation.com