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

View Comments
A credit card is swiped in a Square credit card reader. (Square)

A credit card is swiped in a Square credit card reader. (Square)

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 This material may not be published, broadcast, rewritten, or redistributed.)

 

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 55,692 other followers