President Barack Obama will be at Stanford University on Friday morning, June 24, to deliver a speech during the Global Entrepreneurship Summit, which will feature entrepreneurs from around the world.
University officials said the three-day event will bring 1,500 visitors, including entrepreneurs, investors, panelists, presenters, U.S. government officials and journalists, to campus. It is not open to the public.
The summit starts on Wednesday, June 22, and ends Friday. The first day of the summit will be dedicated to emerging youth and women entrepreneurs in a smaller event known as GES+, according to the university.
This is the second time the U.S. is hosting the event. The first time was in 2010.
"By bringing the summit back to the United States, President Obama is highlighting his commitment to building bridges that help us tackle global challenges together," an announcement from the university states.
Obama will make his remarks in Memorial Auditorium at 551 Serra Mall. The exact time has not been announced, but he will be speaking during the morning's 9:30-11:15 a.m. plenary session. His speech is not open to the public but it will be streamed live at whitehouse.gov.
Traffic will be affected during the summit, according to Stanford officials. Galvez Street between Serra Street and Campus Drive and Serra Street between Galvez Street and Arguello Way will be closed.
Parking will be closed in the affected areas of Galvez and Serra streets. Alternative parking can be found at Varsity Lot (L-97), Maples Lot (l-93) and the underground Knight Management Center Garage.
Marguerite shuttle riders should anticipate temporary changes to stops and routes to bypass the partial closure of Serra Street. Visit the Parking & Transportation Services website for more information, including a map of the rerouted stops.
Stanford is encouraging commuters and visitors to avoid the area and to expect a parking crunch, traffic delays and bike, pedestrian and vehicle detours.
Obama's last visit to Palo Alto was in February when he attended a private fundraising event at the home of Amy Rao, CEO of Integrated Archive Systems. In February 2015, Obama delivered a speech regarding cybersecurity and technology during the Summit on Cybersecurity and Consumer Protection at Stanford. At the summit, the president signed an executive order encouraging the private sector to share cybersecurity-threat information with other companies and the U.S. government.