tungwaiyip.info

home

about me

links

Blog

< February 2011 >
SuMoTuWeThFrSa
   1 2 3 4 5
6 7 8 9101112
13141516171819
20212223242526
2728     

past articles »

Click for San Francisco, California Forecast

San Francisco, USA

 

Twitter to Move to Mid-Market -- Win-Win!

A few weeks ago San Francisco Business times first reported that Twitter is looking for a bigger office and is considering to move to the former walmart.com building in Brisbane. This set off some panic reaction in the city to try to "OMG we have to keep Twitter in San Francisco!!!" They are so afraid to lose an iconic native San Francisco company that they are rumored to give Twitter what else but a tax break.

I think it is a really bad idea to give a particular company tax break just because they blackmail to move out. But first of all, Twitter cannot be serious about moving to Brisbane. The office is isolated. Transit is limited and the location is too far for daily biking. Even Caltrain is closing their South San Francisco station, reduce the transit option to nearly nil. If they move, San Francisco recruiters will spare no time to poach for disgruntled employees, easily bringing them back to the burgeoning tech scene in SOMA. The prospect of this move is so remote that I think San Francisco Business Times and some leaders really jumped the gun on this.

But the report from San Francisco Chronicle today about a possible tax break plan to lure Twitter to Mid Market gets my thumbs up. I still don't think Twitter deserves a tax break. But a tax incentive targeted for revitalization of a part of downtown make very good sense. If the city is successful in bringing groups such as ACT theater, Burning Man and Twitter to Mid-Market, it will go a long way to pull in the catalyst for revitalization. The tax break can be justified by the economic growth it induced. I also think the edginess of Mid-market fit Twitter's profile better than a suburban office park.

Still I hope any tax incentive will be only for short term. Twitter is a resourceful company. They should have figured that the city payroll tax is not a major part of their expense. For this small price, San Francisco provide them great number of talents that will be difficult to find elsewhere. Be a good corporate citizen, pay you due, make the city a better place. You will be rewarded many times over.

P.S. More coverage from BeyondChron, Tax break is for new hire only. Good job superviosr Jane Kim, David Chiu, and Mayor Lee. Seems like the new city government is functioning.

2011.02.08 [] - comments

 

 

blog comments powered by Disqus

past articles »

 

BBC News

 

Polish PM accuses EU of blackmail as row over rule of law escalates (19 Oct 2021)

 

North Korea confirms 'successful' submarine-launched missile test (19 Oct 2021)

 

Navy report blames crew for devastating fire on the Bonhomme Richard (19 Oct 2021)

 

UK 'keeping a close eye' on rising Covid cases (19 Oct 2021)

 

School steps in to give classes to Afghan children living in hotel (19 Oct 2021)

 

Squid Game helps Netflix subscriptions bounce back (19 Oct 2021)

 

Rachel Levine: Transgender official sworn in as four-star admiral (20 Oct 2021)

 

Austria driver sought after two migrants found dead on bus (19 Oct 2021)

 

Myanmar: Mass release of political prisoners (19 Oct 2021)

 

Oleg Deripaska: FBI searches US homes linked to Russian oligarch (19 Oct 2021)

more »

 

SF Gate

 

13 Best Background Check Sites & Services: Search Criminal Records and Social Media Accounts Online (28 Jul 2021)

 

It pays to search for top-quality auto shop (6 Feb 2021)

 

Fired Boeing CEO is now working with Bay Area tractor startup (14 Dec 2020)

 

PG&E bills to rise over per year on average to fund wildfire risk reduction (5 Dec 2020)

 

Nasdaq seeks more diversity on boards of companies listed on exchange (2 Dec 2020)

 

Elizabeth Holmes Prosecutors Say Texts Show Theranos Beset With Problems (24 Nov 2020)

more »


Site feed Updated: 2021-Oct-15 09:00