San Francisco Mayor Ed Lee banks on tech startups
“San Francisco is becoming the capital of Silicon Valley,” according to legendary angel investor Ron Conway, and the city is becoming more friendly to tech businesses.
As part of the city’s incentive to bring in more businesses and spur job growth, Lee and Conway pitched for a “yes” vote on Proposition E, which reduces payroll taxes, in the forthcoming election. “Proposition E reduces payroll tax, switching to gross receipts, and we can take the money to create new jobs,” Lee said. Read article on cnet