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		<title>Small companies in downtown San Francisco hanging on as extra firms go away</title>
		<link>https://dailysanfranciscobaynews.com/small-companies-in-downtown-san-francisco-hanging-on-as-extra-firms-go-away/</link>
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		<pubDate>Thu, 04 May 2023 05:24:22 +0000</pubDate>
				<category><![CDATA[Moving]]></category>
		<category><![CDATA[businesses]]></category>
		<category><![CDATA[corporations]]></category>
		<category><![CDATA[downtown]]></category>
		<category><![CDATA[Francisco]]></category>
		<category><![CDATA[Hanging]]></category>
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					<description><![CDATA[<p>SAN FRANCISCO – As Nordstrom becomes the latest company to acquire shares in downtown San Francisco In search of greener pastures, small businesses lacking those luxuries are still struggling to survive the city&#8217;s economic downturn. After overcoming the COVID pandemic, small businesses in the inner city are facing increasing challenges in the wake of the &#8230;</p>
<p>The post <a href="https://dailysanfranciscobaynews.com/small-companies-in-downtown-san-francisco-hanging-on-as-extra-firms-go-away/">Small companies in downtown San Francisco hanging on as extra firms go away</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
]]></description>
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<p>SAN FRANCISCO – As Nordstrom <span class="link">becomes the latest company to acquire shares in downtown San Francisco</span> In search of greener pastures, small businesses lacking those luxuries are still struggling to survive the city&#8217;s economic downturn.</p>
<p>After overcoming the COVID pandemic, small businesses in the inner city are facing increasing challenges in the wake of the pandemic. </p>
<p>Bota, a popular tapas restaurant near Union Square, has seen a significant drop in customer numbers over the past few months, with at least 40% fewer patrons year-over-year. </p>
<p>According to manager Steven Martinez, the restaurant&#8217;s struggle is real and it&#8217;s not just about the pandemic.</p>
<p>&#8220;If you look at the restaurant right now, it&#8217;s pretty much empty,&#8221; Martinez said.  &#8220;We should be a lot busier, but we&#8217;re not.  Without any kind of congress, with all the layoffs in town, it really hit our restaurant hard.”</p>
<p>The drop in shops is part of a trend that can be seen walking the streets near the restaurant.  Because rental signs and empty shops are becoming more and more common. </p>
<p>“Four years ago it was a great place to come to.  Now it&#8217;s just &#8230; with the violence, the crime, the homeless, even me walking down the street it&#8217;s not as shiny and pretty as it used to be,&#8221; Martinez said. </p>
<p>Nordstrom&#8217;s decision to move away from downtown San Francisco entirely is a wake-up call for small businesses like Bota.  Martinez often wonders what might happen to Bota and his staff if things don&#8217;t get better. </p>
<p>District 6 Supervisor Matt Dorsey took to Twitter to express his disappointment at Nordstrom&#8217;s departure and stressed the importance of what he believes is the city&#8217;s need for a fully staffed police department. </p>
<p lang="en" dir="ltr">That&#8217;s why I believe the voter-approved charter change of good government that I&#8217;m co-authoring with @Stefani4CA will be the fastest to make the biggest difference &#8211; by sending a strong message that San Franciscos care about *real* solutions use for security.  (2/2)https://t.co/2Gxvpw2dzo</p>
<p>— Matt Dorsey (@mattdorsey) May 2, 2023</p>
<p>Martinez agreed, saying they are not giving up and are trying to find different ways to promote the restaurant and its lounge.</p>
<p>&#8220;We&#8217;re looking for different ways to get attention,&#8221; Martinez said.</p>
<p>Mayor London Breed&#8217;s inner city recovery plan includes some big tax breaks for businesses.  The proposal would give companies in the hardest-hit areas a two-year delay on tax increases, while companies that move their offices to the city could receive a tax credit of up to $1 million for three years.</p>
<p>Breed is also exploring a possible 2024 vote action for broader tax reforms.</p>
<p>Earlier this month the city&#8217;s Bureau of Economic and Human Development and the nonprofit SF New Deal <span class="link">launched a new initiative to revitalize the neighborhood</span>.</p>
<p>The Vacant to Vibrant initiative awards grants ranging from $3,000 to $8,000 for pop-up businesses and up to $5,000 for expenses and tenant improvements. </p>
<p>The post <a href="https://dailysanfranciscobaynews.com/small-companies-in-downtown-san-francisco-hanging-on-as-extra-firms-go-away/">Small companies in downtown San Francisco hanging on as extra firms go away</a> appeared first on <a href="https://dailysanfranciscobaynews.com">DAILY SAN FRANCISCO BAY NEWS</a>.</p>
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