Some subsidies, worth hundreds of thousands of dollars, are awarded to multinational corporations valued in the billions
State subsidies for vocational training might provide a windfall to large corporations already able to offer similar instruction, if a planned expansion of a program funded through a tax on all businesses in California moves forward. State officials say they aim the vocational training funding at big businesses in key industries that are in danger of relocating to other states. But while tens of thousands of smaller companies pay into the program via the Employment Training Tax, it is hard for most to qualify for grants. Many do not even know the program exists.
SAN FRANCISCO’S WORKFORCE REBOOT is the cover story in the fall 2013 print edition of the San Francisco Public Press. Check back for updates on other stories.
A South San Francisco nonprofit drug development organization, OneWorld Health, is shattering the conventional profit-generating model of pharmaceutical companies by using a social enterprise approach to global health problems. Richard Chin, an internist and CEO of OneWorld Health, said the organization develops new therapies for diseases where there is either no treatment or the cost of treatment is too high.
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