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City officials who helped craft the geographically focused tax exemption say it is intended to pair the goals of rejuvenating two economically struggling neighborhoods and giving companies who take a chance on those areas an enticement to stay in San Francisco. City Hall hopes to cultivate the tech industry as a core economic sector. It should come as no surprise that the 1.5% payroll tax has been waived for six years to get Twitter and others into the old Mart building in the hope that the sheer number of well-washed people under thirty will transform the neighborhood. Baby steps, people. In true San Francisco fashion the Supes have to finalize it with a vote again next week. Chris Daly, still hating it, seems to regret changing jobs. [SFGate]