Business

Business

Silicon Valley residential development booming, but not affordable

Rental rates are going up and affordable homes are scarce in Silicon Valley, a regional think tank says. Four out of 10 multi-family renter households spend more than 30% of their income on rent, according to a recent report from the Joint Venture Silicon Valley’s Institute for Regional Studies. This is considered a moderate to severe financial...

San Jose tourist attractions struggle through COVID pandemic

The COVID-19 pandemic hit San Jose tourist attractions hard, but some have found creative ways to bring back visitors. The Children’s Discovery Museum, Tech Interactive and Winchester Mystery House all closed during last year’s shelter in place, and have yet to fully recover. But through rainy day funds, donors and online programming, they stayed afloat despite...

South San Jose liquor store shut down after 36 years

Faisal Gowani still can’t believe his family business has shut down. Owned by Gowani’s parents, Southgate Liquors was a fixture in South San Jose that provided one of the largest selections of craft beer and liquor in the area for the last 36 years. The shop went out of business on Labor Day after being...

San Jose Chamber of Commerce is diversifying—slowly

The newly-minted San Jose Chamber of Commerce has big plans for diversifying its mostly white executive board and attracting more minority-owned businesses as members. But some stakeholders are skeptical whether the chamber can match rhetoric with action following last year’s scandal over a racist advertisement that nearly tanked the organization. Derrick Seaver, who took over...

San Jose businesses struggle as state safety net unravels

California’s safety net is unraveling and San Jose residents and small business owners are at risk. That’s because San Joseans are part of the 2.2 million people in California who have or will completely lose unemployment benefits this week. The federal government ended four pandemic-related benefit programs to help Americans get through unemployment last week. That...

Study: Privatizing San Jose airport could solve debt problem

San Jose could cash in upward of $2.47 billion by leasing its airport to a private investor or company, a new study suggests. The study, conducted by Los Angeles-based think tank Reason Foundation and published last week, projects that 31 cities with medium to large airports could generate as much as $131 billion through leasing. Cities could...

San Jose shops fined for COVID violations can’t get grants

Over the last year, Santa Clara County has cited hundreds of businesses—big and small—with fines that now add up to more than $5 million for violating COVID-19 restrictions. The county put that money into a grant program to help struggling businesses—but those with violations say they’re not getting financial help. Dung “Calvin” To has cut...

SVO rebrands to San Jose Chamber of Commerce

San Jose’s largest business organization got a facelift with a new CEO in the spring. Now it’s changing its name too. The Silicon Valley Organization, a business chamber that represents more than 1,000 companies in the city, will now be called the San Jose Chamber of Commerce—bringing the city’s name back into the organization for the...