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CaptionFacebook says it now shuttles around 75 employees from the Mission daily making it one of the two most popular San Francisco neighborhoods among Facebook workers. The other is the Marina. --- --- --- Since 2006 Google and Yahoo Inc. YHOO +1.69% have added shuttles from the Mission to their South Bay campuses. And start-ups such as Small Batch Inc. Posterous Inc. and CrowdFlower Inc. have set up shop in the Mission over the past three years with a new tech incubator called i/o ventures also launching in the neighborhood this year. --- --- --- The influx is reminiscent of the late 1990s dot-com boom when start-ups such as Bigstep.com and numerous Silicon Valley tech workers moved in pushing up rents and attracting shops and eateries catering to the white-collar crowd. That quickly began changing the Mission's demographic makeup which has long been heavily Latino and working class. --- --- --- On Valencia Street a main thoroughfare "within a few years 50% of the Latino-owned businesses were gone " says Nancy Mirabal who teaches Latino studies at San Francisco State University. This time around the techie invasion remains a mixed blessing. While the influx has boosted business for stores and restaurants it is once again pushing some low-income families to relocate or move in with relatives contributing to an "epidemic of overcrowding " says Erika Katske of San Francisco Organizing Project a Mission-based nonprofit focused on housing and community issues. --- --- --- The new wave has been spurred in part by the corporate shuttles which Google Yahoo and others began adding in 2006 to ferry employees from the Mission to their South Bay locations
HeadlineMission 2.0: "In an echo of the dot-com boom young techies from Facebook Google Inc. GOOG -0.08% and a host of Web start-ups have converged on the Mission a Latino and hipster enclave in the heart of San Francisco." Wall Street Journal
Copyright Noticeonline.wsj.com/ Tech Influx Transforms Mission Neighborhood [MAY 2010]
Creditwsj.com
URLhttp://online.wsj.com/article/SB10001424052748704026204575266423914769014.html

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