Earlier this month we reported on the news that San Francisco’s Board Of Supervisors approved an ordinance that excluded Twitter (and some other businesses) from paying a 1.5% city payroll tax for the next 6 years. Prior to this Twitter had been considering leaving San Francisco altogether.
And now, in a post on their official blog entitled The Tweets Of San Francisco (I like it), Twitter has officially confirmed that they are staying in the city, and moving to new offices therein.
The city where we have started and grown will remain our future home. Twitter is staying in San Francisco and has signed a lease to move our headquarters to Market Square, a historic building in San Francisco’s Central Market neighborhood that is being managed by our new partner and landlord, Shorenstein Properties.
San Francisco’s unique creativity and inventiveness is a part of Twitter’s DNA, and we feel like we are part of San Francisco. Three-quarters of our employees who live in San Francisco are involved in causes and charities in the city. Our employees are excited to be active members of our future neighborhood as volunteers, customers, diners and patrons of the arts.
The firm’s chief financial officer, Ali Rowghani, broke the news on Twitter itself.
Twitter doesn’t yet have an exact timeline for the relocation but expects the move to take place by mid-2012.