After more than a decade of conversation, San Francisco voters will finally have the opportunity this November to replace The City’s tax on employee payrolls with a tax on the revenues that businesses bring in.
The 1.5 percent tax on business payrolls in excess of $250,000 has long been maligned as a “job killer” and a disincentive for companies to do business in San Francisco, the only city in California with such a tax. Read More
Tech migration to San Francisco is continuing on a steady pace, with leases inked for more than 1 million square feet of office space in 2012 alone, according to the Mayor’s Office.The figure was released in conjunction with an announcement Thursday that department store retailer Macys.com signed a 15-year lease for more than 240,000 square feet at 680 Folsom St. in the South of Market neighborhood. Read More
It’s basically now a rule that if there is tech company expansion in San Francisco, Mayor Ed Lee will announce it. There was on Monday — and he did — with the revelation that the networking company Riverbed Technology plans to take over a rehabbed South of Market building and hire up to 650 new employees. Read More
The invitations are out and the RSVPs are already rolling in from San Francisco tech heavyweights who want to work with city officials to make The City a little friendlier to startup companies.
So far, technology firms and investors such as Yelp!, Twitter, Zynga Inc., salesforce.com, Riverbed Technology, Advent Software, DriverSide, Dorsey & Whitney, Artis Capital Management, and investors Kirk Dizon and Ron Conway have agreed to meet. Read More