One Tax Break Later, Twitter Announces Plans To Move To Central Market SF Office

It's finally official: Twitter has just announced on its blog that it will be moving to Market Square in SF's Central Market neighborhood, just on the edge of the Tenderloin (one of the city's most blighted areas). Twitter says it expects to move into the new office in mid-2012. The announcement has been a long time coming: Twitter was engaged in much-publicized negotiations with San Francisco's Board of Supervisors over a proposed tax break incentive that would give a six year payroll tax deferral for net new jobs (the city approved the agreement earlier this month). San Francisco typically requires businesses to pay unusual taxes on payroll (including stock options), causing Twitter, Zynga, and other tech companies to threaten to leave the city and take thousands of jobs with them. The tale is perhaps best illustrated by the goofy video below.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/p6KOLqJuPFs/

Tech Blog Life Technology Latest Technology