San Francisco businesses face many challenges, including high rents, regulatory burdens, and the rising cost of workers compensation insurance and employee health plans.
Meaning of the quote
Businesses in San Francisco have to deal with a lot of difficulties. Rents are very high, there are many rules and regulations they must follow, and the costs of worker's compensation insurance and health plans for their employees are rising. These problems make it hard for businesses to operate and be successful in San Francisco.
About Gavin Newsom
Gavin Newsom is the current governor of California, serving since 2019. He previously served as the lieutenant governor of California and the mayor of San Francisco. Newsom founded the successful PlumpJack Group, a business venture that grew to 23 companies across various industries.
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