The Milken Institute's recent study shows San Francisco's ranking plummeted from 27th to 126th due to high living costs, crime, and corporate exodus, reflecting significant struggles.
San Francisco was ranked number 1 in 2020, but a combination of COVID struggles, soaring living costs, and increased crime has left the city vulnerable and deteriorating.
Major companies relocating from San Francisco cite high costs and regulatory challenges, contributing to a greater economic decline and a shift in business-friendly climates favoring other states.
With 114 homicides in 2023, Oakland's crime wave exacerbates the situation, prompting measures like the deployment of surveillance drones by the police to combat rising crime.
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