Tuesday, July 3, 2012

Tech Boom Hits San Francisco’s Downtown

San Francisco’s urban core is changing. Tech companies such as Twitter, Zynga and Yelp are moving to San Francisco creating jobs and raising commercial rents. Twitter plans to have 2,600 employees in six years at its downtown location. In addition, the area south of downtown has become popular among tech workers who commute to Silicon Valley but live downtown. Many tech giants such as Google, Microsoft and Yahoo run private shuttle buses for their employees.

At risk, many say, are the very qualities that have drawn generations of outsiders here, like the city’s diversity and creativity. Families, black residents, artists and others will increasingly be forced across the bridge to Oakland, they warn.

Reference: Onishi, Norimitsu, New San Francisco Tech Boom Brings Jobs but Also Worries, The New York Times, June 4, 2012
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