Business

Business

San Jose-raised NFL player is energizing downtown

San Jose native and NFL cornerback Chidobe Awuzie has long used his fame and influence to support children in the city where he was raised, hosting annual youth football camps at his alma mater and local stadiums since 2018. But for the past couple of years, Awuzie, who goes by the nickname Chido, has set...

Silicon Valley economy sees slow rebound post-pandemic

Silicon Valley is not experiencing the same booming energy and rapid growth it’s known for as the local tech economy continues adjusting to a post-pandemic reality — but researchers say the region is still a powerful hub of innovation that is fully recovering. While Silicon Valley remains a place of massive wealth, longstanding disparities persist. With...

Cupertino City Council nixes tax measure from ballot

Cupertino may be facing a budget deficit next fiscal year, but the city won’t ask residents to dig deeper into their wallets to help. The Cupertino City Council unanimously voted to stop exploring ways to create new taxes or increase taxes at last Wednesday’s meeting, after the majority of small business owners surveyed said they...

Upcoming San Jose budget avoids shortfall — for now

Contrary to prior predictions, San Jose will not see a budget shortfall this upcoming fiscal year. San Jose is in better financial shape than expected for the 2024-25 budget. The city will not see a surplus or deficit, but will still have to be conservative with spending as it braces for the years ahead, according to...

Silicon Valley parents face highest child care costs

A national survey ranks California among the top five states with the least affordable child care. Local officials say Santa Clara County is worse. California ranked third, second and fifth for least affordable nannying, babysitting and infant day care in 2023 respectively, based on a national survey of 2,000 respondents with children under age 14...

Once a booming industry, San Jose cannabis shops face closure

Two San Jose cannabis dispensaries have temporarily closed — and the city stands to lose millions in revenue if they go out of business. MedMen and Herbs both closed their doors in the last few weeks, raising alarm across Silicon Valley’s cannabis industry. While they closed for different reasons, local cannabis lobbyists and retailers say...