San Francisco anticipates APEC summit will boost economy by $53M despite concerns

San Francisco is gearing up for the Asia Pacific Economic Cooperation (APEC) summit scheduled to happen next month.

is gearing up for the Asia Pacific Economic Cooperation summit scheduled to happen next month.During a press conference on Tuesday,highlighted the advantages of hosting the summit in San Francisco. However, there are concerns among some that the conference may cause chaos on the streets.

"We anticipate almost $53 million into our local economy whether that's hotel tax revenue, our restaurants, our small businesses," said Breed. "This is going to be significantly financially impactful for the people here in San Francisco." Brandon Lee expressed concerns, noting that APEC has had negative effects on indigenous communities, particularly in the Philippines. He worries about the impact of the summit on San Francisco.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

KTVU /  🏆 465. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

APEC Summit tight security plans concern businesses in San Francisco SoMa DistrictThe Asia-Pacific Economic Cooperation Summit in San Francisco is about three weeks away and the security plan for the international event has small businesses concerned about how it will impact patrons and workers.
Read more »

Reports: Padres manager Bob Melvin leaving San Diego, join San Francisco GiantsThe Padres announced the Cutwater Agave Club at Petco Park, a multi-million dollar transformation that will debut in time for 2024 Opening Day.
Read more »

Bob Melvin leaves San Diego Padres to manage San Francisco GiantsThe San Francisco Giants have hired manager Bob Melvin away from the division rival San Diego Padres.
Read more »

San Francisco restaurants ponder new lawA new law taking effect next summer is causing concerns for San Francisco restaurants, seeking details on the 'junk fees' law's potential impact on customer charges. G
Read more »

Minnesota Vikings outlast San Francisco 49ers 22-17 with 2 TD catches from Jordan AddisonKirk Cousins connected with rookie Jordan Addison for two first-half touchdowns, Camryn Bynum intercepted San Francisco’s Brock Purdy twice in the fourth quarter, and the Minnesota Vikings beat the 49ers 22-17.
Read more »

Vikings Beat 49ers 22-17, San Francisco Reeling Going Into Showdown With BengalsCincinnati travels to Santa Clara to play the 49ers on Sunday
Read more »