Even as Mayor Daniel Lurie said he’s working to make San Francisco a more welcoming place for businesses, he said he wants companies to return the favor by investing in The City and its communities.
In a fireside chat at the St. Regis hotel Thursday morning as part of the Bloomberg Tech conference, Bloomberg editor Brad Stone asked Lurie what lesson he’d learned from the so-called Twitter tax break — The City’s policy under former Mayor Ed Lee of offering tax incentives to companies that opened locations in the Mid-Market area. While that policy initially lured Twitter and other companies to the area, many — including what was once Twitter and is now X — have since left, and much of the office space there is now vacant .
Lurie said the lesson San Francisco should learn is that the