Council to Talk Team San Jose, Art

Nothing as contentious as last week’s vote to put a pension reform ballot measure to voters is featured on this week’s San Jose City Council agenda, but there are a few items of note in the final meeting of the year. Team San Jose gets kudos from the mayor and two councilmembers, funding for incubators could get the axe and an artist is tabbed in the hopes that he can create something “magical.”


San Jose’s Incubators Had Unanimous Council Support from 1994 to 2010

At the Rules Committee last week, we voted 4-0 not to pursue an audit of the incubator program that was started in 1994. Instead, we decided to stay with the current work plan that includes an audit of the Environmental Services Department. The fact is there was a shared belief by the entire San Jose City Council past and present, up until recently, that incubators were a worthwhile investment.


Incubators in Spotlight at Special Meeting

The City Council will hold a special meeting on Wednesday to determine if the city should conduct an audit of the San Jose Redevelopment Agency’s incubator programs. As San Jose Inside first reported, a study buried for two years shows the RDA spent more than $30 million on start-up companies that often provided a poor return on investment.


Did RDA Waste $30 Million?

Councilmember Sam Liccardo submitted a memo late Thursday calling for an audit of four incubator programs funded by the San Jose Redevelopment Agency. The request responds to a 2009 study—unseen by most city officials for two years—which finds that RDA spent more than $30 million on business-building incubator programs which, it says, showed very poor returns on investment.