Revenue / 10.28.20
San Francisco Waives Fees for Nightclubs, Bars and Music Venues
San Francisco Chronicle (10/26/2020) Narayan, Shwanika
Relief is coming to San Francisco entertainment and nightlife businesses. Fee and tax waivers are offering a reprieve for businesses that are on the hook for expenses as revenues take a hit from the coronavirus pandemic. On Monday, Mayor London Breed announced this initiative, stating that waiving license and registration fees, including taxes, is crucial to the survival of these businesses. “We need to do more to support those businesses that contribute to San Francisco’s unique and vibrant culture,” Breed says. “Entertainment and nightlife are such an important part of why people live and visit our city, and we hope these additional fee waivers reduce some of the financial stress they’re experiencing.” It is estimated that nearly 300 businesses will benefit from this initiative. With this move, the city expects to forgo $2.5 million in revenue.
Read the full story from the San Francisco Chronicle.
Tags: News , Venues , Leadership , COVID-19 , Coronavirus