As I've traveled around the world and in our own country over the past few years for work, other downtowns and other cities have recovered from Covid. Unfortunately, our city now ranks dead last in economic recovery post Covid. And that, to me is an embarrassment and it needs to change.
Farrell's goal is to cut San Francisco's vacancy rate in half by the end of a first term. A key piece of Farrell's plan involves getting workers back into the city. Many of San Francisco's top employers, including Salesforce, Uber and Visa, have embraced hybrid work, with staffers coming in, at best, three days a week.
Under Farrell's proposal, business that relocate downtown will receive a gross receipts tax incentive. So will companies that force employees to come to the office four days a week. Such mandates have seen pushback in some cities, most recently in Philadelphia, where unionized city workers.
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