Monday, Jul 15, 1996
South San Francisco, Calif. -- July 15, 1996 --Nearly 3,000 Genentech employees will spend $50,000 July 15-19 in South San Francisco's restaurants and retail stores at the fourth annual "Genentech Goes to Town" event, bringing the total spent in South San Francisco to nearly $200,000.
The program is designed to support Genentech's "hometown" of 20 years by encouraging its employees to shop locally for goods and services. For the fourth year in a row, Genentech is giving $20 worth of "GenenMoney" to each of its employees. The special coupons are redeemable only at participating South San Francisco businesses.
The week will feature a food fair on Wednesday, July 17, from 11:30 a.m. to 1:30 p.m., at which Genentech's employees will be able to spend their GenenMoney to sample delicacies offered by some of South San Francisco's finest restaurants, enjoy the sounds of a live Italian trio and mariachi band and then stroll along South San Francisco's Grand Avenue to purchase goods and services from local businesses.
Another highlight of the program is a kick-off breakfast held at Genentech today, at 8:30 a.m. where City Officials and Genentech management will gather and Genentech's contributions to the economic development of South San Francisco will be recognized by Mayor Jack Drago.
"For 20 years Genentech has been proud to call South San Francisco home, and we are pleased to kick-off the fourth annual Genentech Goes to Town program," said Arthur D. Levinson, Ph.D., Genentech president and chief executive officer. "Over the past three years, employees and merchants have developed meaningful and lasting relationships that will continue to grow with this year's program."
"The success of the Genenech Goes to Town program is symbolic of the partnership between Genentech, The City of South San Francisco and local merchants," said South San Francisco Mayor, Jack Drago. "Bringing the program to South City for a fourth year represents Genentech's strong commitment to boost the economic development of the City, bringing the total contributed to nearly $200,000."
Headquartered in South San Francisco for 20 years, Genentech, Inc., is a leading biotechnology company that discovers, develops, manufactures and markets human pharmaceuticals for unmet medical needs.
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