down here to work on yet another newspaper, the business journal, doing a great job of it, and james mcgregor. we welcome you here as a moderator. we know you have a lot of questions, so i will let you have at it. thank you. >> mayor lee, after that stellar introduction -- the first question is for you. it is apparent that you are trying to make san francisco more friendly for business and employees. can you talk about the payroll tax issue and how it is helping san francisco in the region? >> thank you, james, for the question. let me say i am happy to be here in silicon valley. i know the relationship with san francisco, the valley, san jose, is extremely important. i wanted to be down here to join these electors panel of guests as well. the payroll tax in san francisco had been one -- i was here about a year ago explaining twitter. as everybody knows, they were not only threatening, they were planning to leave the city of san francisco. they had already identified a building. they said, we are about to grow to about 2000 employees and we are quick to get taxed for that. we think that is no

down here to work on yet another newspaper, the business journal, doing a great job of it, and james mcgregor. we welcome you here as a moderator. we know you have a lot of questions, so i will let you have at it. thank you. >> mayor lee, after that stellar introduction -- the first question is for you. it is apparent that you are trying to make san francisco more friendly for business and employees. can you talk about the payroll tax issue and how it is helping san francisco in the region? >> thank you, james, for the question. let me say i am happy to be here in silicon valley. i know the relationship