Mayor Ed Lee hopes to hear from Twitter in next month about mid-Market move 

Mayor Ed Lee is hoping Twitter officials will respond positively within the next month to a tax-break proposal to lure the company to The City’s “edgy” mid-Market area, he told the San Francisco Examiner Wednesday.

The highly popular Internet company has reportedly been considering a move out of San Francisco to Brisbane.
Lee said he expected an answer from Twitter officials “certainly within the next 30 days.”

“I think they want to know how many co-sponsors we’re gathering,” Lee added, a reference to an effort by Lee and supervisors Jane Kim and David Chiu to gather support among the rest of the Board of Supervisors.

Lee said the proposal was “a good, fair, balanced approach” that addressed the company’s concerns and was consistent with The City’s approach in the past to offer payroll tax exemptions to attract biotech firms.

Lee said job creation was the “number-one goal” of his administration and said Twitter would be a “very strong, possible anchor” to the effort to revitalize the downtrodden mid-Market area, which Lee called “that edgy side” of the Tenderloin.

“And they will bring in other innovative companies with them, just because of who they are, what they do,” Lee said.

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