Twitter will remain in San Francisco when it moves to new offices next year, granting the wishes of city leaders who wanted to keep the high-profile company in the city and revitalize a depressed neighborhood. Twitter will remain in San Francisco when it moves to new offices next year, granting the wishes of city leaders who wanted to keep the high-profile company in the city and revitalize a depressed neighborhood.The new Twitter headquarters will be at Market Square, an historic building located in the Central Market area of San Francisco, the company said in a blog entry on Friday. Twitter expects to move into the approximately 1-million-square-foot building at 1355 Market St. in the middle of 2012. Twitter was founded in San Francisco and is currently based in the city’s South of Market neighborhood. On Tuesday, in a bid to keep Twitter from moving away as it outgrew its headquarters, the San Francisco Board of Supervisors passed a six-year payroll expense tax exclusion for companies moving into the Central Market and Tenderloin area. The city hopes the presence of Twitter will help to create an “innovation cluster” in the area, located in the middle of the city, which suffers from high vacancies and blight. The tax exclusion passed by a vote of 8 to 3. “We are proud that Twitter will be among the first companies moving into the Central Market area and will be playing a role in its renewal with the city and with other businesses, arts organizations, and the numerous community organizations that have been doing hard work in the neighborhood for many years,” Twitter said in the blog entry. Three-quarters of Twitter employees who live in San Francisco are involved with causes and charities in the city, the company said. Stephen Lawson covers mobile, storage and networking technologies for The IDG News Service. Follow Stephen on Twitter at @sdlawsonmedia. Stephen’s e-mail address is stephen_lawson@idg.com Related content news Chinese state actors behind espionage attacks on Southeast Asian government The distinct groups of activities formed three different clusters, each attributed to a specific APT group. By Shweta Sharma Sep 25, 2023 4 mins Advanced Persistent Threats Advanced Persistent Threats Cyberattacks feature How to pick the best endpoint detection and response solution EDR software has emerged as one of the preeminent tools in the CISO’s arsenal. Here’s what to look for and what to avoid when choosing EDR software. By Linda Rosencrance Sep 25, 2023 10 mins Intrusion Detection Software Security Monitoring Software Data and Information Security feature Top cybersecurity M&A deals for 2023 Fears of recession, rising interest rates, mass tech layoffs, and conservative spending trends are likely to make dealmakers cautious, but an ever-increasing need to defend against bigger and faster attacks will likely keep M&A activity steady in By CSO Staff Sep 22, 2023 24 mins Mergers and Acquisitions Data and Information Security IT Leadership brandpost Unmasking ransomware threat clusters: Why it matters to defenders Similar patterns of behavior among ransomware treat groups can help security teams better understand and prepare for attacks By Joan Goodchild Sep 21, 2023 3 mins Cybercrime Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe