Micro blogging site Twitter have signed a lease to move their Headquarter (HQ) to the Central Market area in San Francisco. The deal was made last Friday, moving into a new place in San Francisco that the local officials are eager to rehabilitate.

Image From: blog.ushahidi.com

San Francisco leaders recently approved a payroll tax break aimed at keeping Twitter in the city and encouraging the start-up, and other technology firms, to roost in a section of downtown that has long resisted economic revitalization.

Companies in what are referred to locally as the Mid Market Street and Tenderloin areas will not have to pay any payroll taxes on new hires for the first 6 years.

Twitter is undergoing a major growth spurt, with new hires coming on board weekly.

Source: news.yahoo.com | AFP