Mobile Payment Firm Square Moving Into San Francisco Mid-Market Area

SAN FRANCISCO (CBS/AP) — San Francisco’s plans to revitalize its blighted mid-Market neighborhood are getting another boost.

Mayor Ed Lee announced on Monday that the technology firm Square has signed a lease and expects to relocate there in 2013.

The company, which makes a credit card reader for smart phones and other devices, currently has an office elsewhere in the city.

The five-block mid-Market area has been plagued by drugs, muggings and boarded-up storefronts.

City officials have made its revitalization a major goal and approved a tax break for companies there last year. The decision was aimed at keeping Twitter from leaving the city.

The company has since relocated to the mid-Market area.

 

 

(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

 

Comments

One Comment

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS San Francisco

Get The New CBS SF Bay Area Local App
Got Our Weather App?

Listen Live