Newsome's Plan to Stimulate the SF Economy

Mayor Newsome announced a stimulus plan for San Francisco in order to jumpstart the local stagnant economy. This comes on the heals of the Federal bailout plan that Obama, the Senate and the House are finalizing details on. The local plan will focus on items such as eliminating payroll tax for companies looking to hire as an incentive to businesses to expand. This will help address the unemployment rate that has shot up from 4.4 percent a year ago to approximately 6.6 percent (as of December). For more about Newsome's plan, please click here.