SFCED | San Francisco Center for Economic Development

Proposition E Update: Technology Companies Leading Development Wave in San Francisco Mid-Market Area

Tech companies, real estate developers and others are managing San Francisco’s evolving tax code and city politics to grow in San Francisco

In recent years, San Francisco (the City) has overhauled its tax code. As a result, technology start-ups are deriving particular benefits. This overhaul culminated in the passage of referendum Proposition E, the Gross Receipts Tax (Prop E) in November 2012. San Francisco also has been focusing on the redevelopment of the blighted Mid-Market area. Development is speeding ahead as many companies move into the area to obtain the benefit of targeted tax savings. Recent laws and development led by the tech sector raise legal issues regarding local taxation, land use and entitlements, and labor, which companies and developers must navigate to develop in the Mid-Market area and throughout the City.

Read more:  Latham & Watkins Number 1541 | June 27, 2013 Environment, Land & Resources Technology Companies Leading Development Wave in San