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(San Francisco looks south for new business opportunities)
(Cortex MetroLink station wins federal funding - Business)
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Lee, on a two-day trade mission to Mexico City, will announce Tuesday the launch of LatinSF, an economic development program designed to promote business ties between San Francisco and Latin America.
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Plans for a new MetroLink station within the Cortex technology district in the Central West End leaped ahead with the announcement Tuesday of a federal grant for the project.Most of the $10.3 million grant from the Department of Transportation will go to complete the design and then build a light-rail station just east of Boyle Avenue. The site is adjacent to a public plaza, called Cortex Commons, that is under construction锘?Officials hope to open the Cortex station by March 1, 2017. Also funded by the grant is a project to expand passenger capacity of the Central West End MetroLink station, the light-rail system鈥檚 busiest.Karin Hagaman, director of project development for Cortex, said both stations might <a href=http://www.alportico.net/gosoc.php> true religion sale</a>  get new platform canopies of a 鈥渟ignature鈥?design.Also included in the grant is construction of a bikeway between Boyle and Sarah avenues. That project is part of a much larger endeavor to build a recreational trail within the Great Rivers Greenway regional network. <a href=http://www.alportico.net/prodotti/christianlouboutin-sale.jkmsw.php>Christian Louboutin</a>  The total cost of the projects is $12.9 million but Cortex and Great Rivers are committed to providing required funding matches for the projects ahead, Hagaman said.Sen. Claire McCaskill, D-Mo., whose office announced the grant, noted the competitive nature of such funding, known as Transportation Investment Generating Economic Recovery program, or TIGER grants. In a statement, McCaskill said that for this year鈥檚 round of funding, the department got 797 funding applications totaling $9.5 billion, 15 times the $600 million available.Also announced Tuesday is a $10 million TIGER grant for the $56.3 million project to build a 锘縃ighway 47 bridge over the Missouri River in Washington.TIGER grants for the MetroLink projects go to the Metro transit system, which is directing the work. Plans call for the Cortex station鈥檚 passenger platform to be built between 锘縯he eastbound and westbound tracks.Earlier funding plans for the station got entangled in a series of state budget disputes between Gov. Jay Nixon, a Democrat, and the Republican-led Legislature. In June, Nixon withheld funding for numerous projects, including the Cortex MetroLink station.Hagaman <a href=http://capstone.edu.sg/images/guccioutlet.onlinesalecc.php>Gucci Outlet Store</a>  said the Cortex station will 锘縡urther development of the technology district. Cortex officials are planning additional science labs and residences within the district, which includes the Ikea store under construction at Forest Park and Vandeventer avenues.
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The aim is to attract Latin American businesses to San Francisco and help local companies <a href=http://www.alportico.net/gosoc.php> true religion outlet</a>  expand into Mexico, Central America and South America.
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The program, a joint initiative between the city and San Francisco Chamber of Commerce, is modeled on ChinaSF, which has brought more than 45 Chinese companies to San Francisco since it was founded in 2008.
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Lee sees San Francisco not only as an attractive technology hub for Latin American companies, but also as a gateway to Asian markets for those businesses.
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鈥淭his is part of an expanded international economic outreach plan鈥?that will only bolster the city鈥檚 status as a 鈥済lobal gateway,鈥?Lee said before he departed for Mexico on Sunday.
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San Francisco is not necessarily trying to supplant Miami, the long-standing U.S. nexus for Latin American business, or other hubs, like Houston and Los Angeles.
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Instead, the focus is on attracting business interests tied to the Bay Area鈥檚 leading industries 鈥?tech, bio-tech and clean energy 鈥?while opening up a region with a growing consumer class to San Francisco companies.
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Lee is to make the announcement at Silicon Valley Day in Mexico City, a conference organized by San Francisco technology companies such as customer service聽 software company Zendesk.
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鈥淚nterest in Latin America keeps growing within San Francisco technology companies, and this event is proof of it,鈥澛?Fernando Franco, trade and investment deputy commissioner at ProMexico, that country鈥檚 foreign trade and investment agency, posted in comments online.
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LatinSF is primarily focused on Mexico, Chile, Colombia and Peru 鈥?members of the Pacific Alliance trade bloc 鈥?as well as Brazil and Argentina, said Una Fannon, San Francisco鈥檚 director of international business development.
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鈥淚t鈥檚 a growing region right on our doorstep,鈥?Fannon said.
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Getting there is not necessarily that easy though. San Francisco International Airport has nonstop flights to Mexico but currently none to South America. That could change if there is more business demand for routes.
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鈥淟atinSF will improve connections to the region,鈥?Fannon said. 鈥淚t鈥檚 a chicken-and-the-egg problem. You have to build the business need to make it attractive to the airlines.鈥?
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San Francisco taxpayers are kicking in $100,000 <a href=http://capstone.edu.sg/images/guccioutlet.onlinesalecc.php>Gucci Shoes</a>  for the initiative, with the private sector expected to match that. So far,聽 the Mita Institute and Tech Accelerator has committed $15,000, <a href=http://www.alportico.net/prodotti/christianlouboutin-sale.jkmsw.php>Christian Louboutin Online</a>  and Aeromexico has donated two free flights for the program, a city official said.
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Unlike ChinaSF, which has an office in Beijing and Shanghai, no overseas office is planned yet for LatinSF, which will operate out of space from the Chamber of Commerce.
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San Francisco has identified a director for the program but would not yet release the person鈥檚 name. He or she is expected to start in 鈥渁 month or so,鈥?Fannon said.
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While in Mexico, Lee met with U.S. Ambassador Anthony Wayne on Monday to discuss the influx of undocumented youth. Lee is also meeting Mexican business leaders from the financial and technology sectors.
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Lee is not the only U.S. politician with eyes on Mexico.
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President Obama earlier this year made his fifth trip to Mexico as president. Former Secretary of State Hillary Clinton was there last week, as was potential rival 2016 presidential candidate Gov. Chris Christie of New Jersey. Gov. Jerry Brown and Los Angeles Mayor Eric Garcetti each visited earlier this year.
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John聽Cot茅 is a San Francisco Chronicle staff writer. E-mail: jcote@sfchronicle.com Twitter: @johnwcote
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Revision as of 18:01, 11 September 2014

@@@ Plans for a new MetroLink station within the Cortex technology district in the Central West End leaped ahead with the announcement Tuesday of a federal grant for the project.Most of the $10.3 million grant from the Department of Transportation will go to complete the design and then build a light-rail station just east of Boyle Avenue. The site is adjacent to a public plaza, called Cortex Commons, that is under construction锘?Officials hope to open the Cortex station by March 1, 2017. Also funded by the grant is a project to expand passenger capacity of the Central West End MetroLink station, the light-rail system鈥檚 busiest.Karin Hagaman, director of project development for Cortex, said both stations might <a href=http://www.alportico.net/gosoc.php> true religion sale</a> get new platform canopies of a 鈥渟ignature鈥?design.Also included in the grant is construction of a bikeway between Boyle and Sarah avenues. That project is part of a much larger endeavor to build a recreational trail within the Great Rivers Greenway regional network. <a href=http://www.alportico.net/prodotti/christianlouboutin-sale.jkmsw.php>Christian Louboutin</a> The total cost of the projects is $12.9 million but Cortex and Great Rivers are committed to providing required funding matches for the projects ahead, Hagaman said.Sen. Claire McCaskill, D-Mo., whose office announced the grant, noted the competitive nature of such funding, known as Transportation Investment Generating Economic Recovery program, or TIGER grants. In a statement, McCaskill said that for this year鈥檚 round of funding, the department got 797 funding applications totaling $9.5 billion, 15 times the $600 million available.Also announced Tuesday is a $10 million TIGER grant for the $56.3 million project to build a 锘縃ighway 47 bridge over the Missouri River in Washington.TIGER grants for the MetroLink projects go to the Metro transit system, which is directing the work. Plans call for the Cortex station鈥檚 passenger platform to be built between 锘縯he eastbound and westbound tracks.Earlier funding plans for the station got entangled in a series of state budget disputes between Gov. Jay Nixon, a Democrat, and the Republican-led Legislature. In June, Nixon withheld funding for numerous projects, including the Cortex MetroLink station.Hagaman <a href=http://capstone.edu.sg/images/guccioutlet.onlinesalecc.php>Gucci Outlet Store</a> said the Cortex station will 锘縡urther development of the technology district. Cortex officials are planning additional science labs and residences within the district, which includes the Ikea store under construction at Forest Park and Vandeventer avenues.

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