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Comcast Investment in Downtown San Mateo Highlights City of San Mateo's Continued Emergence as the Place to Be for Business
SAN MATEO, Calif., Nov. 29, 2011 /PRNewswire/ -- San Mateo City Councilmember David Lim responded to the news of Comcast's investment in Downtown San Mateo with praise for Comcast and the San Mateo business community in forging their ground-breaking partnership.
"The latest news confirms the continued growth of the City of San Mateo as a hub for high tech businesses in the Silicon Valley region," said San Mateo City Councilmember David Lim.
Lim added, "Comcast's unprecedented investment in communications infrastructure for Downtown San Mateo, along with San Mateo's central proximity to San Francisco, San Jose, and the 92, 101, and 280 corridors make the City of San Mateo uniquely positioned to meet the needs of every business well into the 21st century."
Comcast's announcement comes on the heels of a report issued by the Silicon Valley-San Jose Business Journal on October 14 that one-third of Silicon Valley's top 51 fastest growing private companies are in San Mateo County.
Of the 16 San Mateo County companies listed in the report, 50% of them are located in the City of San Mateo, including Marketo Inc., VSS Monitoring, Movoto LLC, Intelepeer Inc., Guidance Software, EPIC Insurance Brokers, ClickMail Marketing Inc., and The Mice Groups Inc.
Lim praised Comcast and the business community in San Mateo for their partnership. The business community in San Mateo was led by an economic development and growth initiative of the San Mateo Area Chamber of Commerce known as "The EDGE".
Lim noted, "The City invested start-up funds of $75,000 to The EDGE in June of this year. The Comcast investment in infrastructure to the City more than returns our investment to The EDGE, but the potential business tax revenue that will be generated for years to come from this project will help all residents with things such as investment in public safety and street repair. When businesses thrive in our community, all our neighborhoods benefit. I am pleased to support innovative organizations like Comcast, The EDGE, and the San Mateo Area Chamber of Commerce."
SOURCE City of San Mateo
City of San Mateo
CONTACT: CONTACT: David Lim, San Mateo City Council, +1-415-290-4044, dlim@cityofsanmateo.org
Web Site: http://www.cityofsanmateo.org
Comcast Investment in Downtown San Mateo Highlights City of San Mateo's Continued Emergence as the Place to Be for Business
SAN MATEO, Calif., Nov. 29, 2011 /PRNewswire/ -- San Mateo City Councilmember David Lim responded to the news of Comcast's investment in Downtown San Mateo with praise for Comcast and the San Mateo business community in forging their ground-breaking partnership.
"The latest news confirms the continued growth of the City of San Mateo as a hub for high tech businesses in the Silicon Valley region," said San Mateo City Councilmember David Lim.
Lim added, "Comcast's unprecedented investment in communications infrastructure for Downtown San Mateo, along with San Mateo's central proximity to San Francisco, San Jose, and the 92, 101, and 280 corridors make the City of San Mateo uniquely positioned to meet the needs of every business well into the 21st century."
Comcast's announcement comes on the heels of a report issued by the Silicon Valley-San Jose Business Journal on October 14 that one-third of Silicon Valley's top 51 fastest growing private companies are in San Mateo County.
Of the 16 San Mateo County companies listed in the report, 50% of them are located in the City of San Mateo, including Marketo Inc., VSS Monitoring, Movoto LLC, Intelepeer Inc., Guidance Software, EPIC Insurance Brokers, ClickMail Marketing Inc., and The Mice Groups Inc.
Lim praised Comcast and the business community in San Mateo for their partnership. The business community in San Mateo was led by an economic development and growth initiative of the San Mateo Area Chamber of Commerce known as "The EDGE".
Lim noted, "The City invested start-up funds of $75,000 to The EDGE in June of this year. The Comcast investment in infrastructure to the City more than returns our investment to The EDGE, but the potential business tax revenue that will be generated for years to come from this project will help all residents with things such as investment in public safety and street repair. When businesses thrive in our community, all our neighborhoods benefit. I am pleased to support innovative organizations like Comcast, The EDGE, and the San Mateo Area Chamber of Commerce."
SOURCE City of San Mateo
City of San Mateo
CONTACT: CONTACT: David Lim, San Mateo City Council, +1-415-290-4044, dlim@cityofsanmateo.org
Web Site: http://www.cityofsanmateo.org