Friday, 22 September 2023 07:26 GMT

San Francisco's climbing crimes increase worries for companies

(MENAFN) There are worries San Francisco's rising crime is negatively affecting the city's companies.

Hamid Moghadam, the boss of the San Francisco-based real estate firm Prologis, was robbed outside his home at gunpoint in broad daylight in June.

He then sent a message to city and state officials regarding the accident. The message, viewed by FOX Business, urged government presidents to take "action around crime in our city."

"It is now difficult for me to tell potential candidates that they should move to San Francisco," he added. "We pay some of the highest taxes, local and state, in the nation, yet we have no sense of security.

"Protecting public safety should be the government's top priority — that is the foundation of a successful city. Only in a community where people feel that they and their families are safe will jobs and culture flourish."

Moghadam, who is as well on the board of managers for the Bay Area Council, said he was "deeply concerned" the city "may be so far down the path toward decline that we may never recover — or at least not for a long, long time."


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