Rarely does a week go by at City Hall these days without the announcement of another local tech company’s expansion — a development that always makes Mayor Ed Lee visibly gleeful.
When Lee took office in January 2011, The City’s unemployment rate was a staggering 9.5 percent. By this March, it had dropped to 8.1 percent, and much of the improvement is attributable to the tech industry. Read More
As the tech company Dropbox opened a massive new China Basin headquarters Wednesday, Mayor Ed Lee touted the news as further proof of The City’s growing image as a tech capital.Dropbox — which offers cloud data storage services for users of personal computers — joins firms such as Twitter, Zynga and Salesforce as part of the mayor’s effort to portray San Francisco as the “innovation capital of the world.” Read More