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Santa Clara is eyeing the soccer field parking lot adjacent to Levi’s Stadium as a way to earn extra city revenue from stadium events when it’s not in use. Whether that’s feasible or not depends on a voter-approved law limiting how the city can use parks and open space. At a Santa Clara City Council...
The Biz Beat: For 40-plus years, Hicklebee’s in San Jose has brought stories to life
Editor’s Note: The Biz Beat is a series highlighting local small businesses and restaurants in Silicon Valley. Sitting comfortably in an aisle of Hicklebee’s bookstore, Calvin, 11, shares a book with his 9-year-old brother, Malcolm. The boys look right at home, which isn’t surprising since their mom Emily Liu-Elizabeth has been bringing them there since...
San Jose airport sees big holiday crowds despite COVID
Large numbers of travelers braved Mineta San Jose International Airport over the holidays even as a new COVID-19 variant ripped through the Bay Area. An estimated 478,000 people traveled in and out of San Jose’s airport during peak holiday traffic in December. Airport spokesperson Keonnis Taylor said this data comes from the TSA, which recorded passenger traffic...
San Jose’s idea to launch a public bank is off the table
San Jose lawmakers explored forming a public bank a few years ago, but it went nowhere. The idea was introduced by Councilmembers Magdalena Carrasco, Sergio Jimenez and Raul Peralez in a 2019 memo, after San Jose received information that led to the city exploring a banking contract with JPMorgan Chase. The institution had been accused...
San Jose Flea Market payment opens door to vendors’ future
San Jose has recently received funds from the landowner of the Berryessa Flea Market to help transition vendors following last year’s City Council vote to rezone the property for future development. The Bumb family, who owns the land, wired the first $500,000 installment of $5 million a few days before the Jan. 1 deadline to...
What’s in store for Silicon Valley in 2022?
Lawmakers in Silicon Valley have wrapped up a tumultuous and busy year. 2021 was marked with major decisions that will have a lasting impact on the region—as well as those that lay the groundwork for future changes. With the world entering the third year of the COVID-19 pandemic, local businesses struggling to recover, housing costs exploding and San...
Minimum wage in Silicon Valley going up in January
The new year will bring a bigger paycheck for those earning minimum wage in Silicon Valley. San Jose workers will see their hourly rate go from $15.45 to $16.20, while those in Mountain View and Sunnyvale will see theirs bump to $17.10 from $16.30—the highest minimum wage in the region. Once a national leader in increasing...
Santa Clara County property value grows despite COVID pandemic
When COVID-19 first emerged in early 2020, the Santa Clara County Assessor’s Office braced for a repeat of the Great Recession, when property value plummeted. Instead, 2021 boomed in residential and commercial property sales, even with a pandemic hanging over the South Bay. The Santa Clara County assessment roll—which includes the value of all real estate...
The Biz Beat: Peters’ Bakery in San Jose puts the icing on the cake
Editor’s Note: The Biz Beat is a monthly series highlighting local small businesses and restaurants in Silicon Valley. One San Jose bakery has been making to-die-for burnt almond cake for more than 85 years, bringing customers from hundreds of miles away for this signature dessert and other mouthwatering delights. Tony Peters founded Peters’ Bakery in...
Unemployment continues to drop in Silicon Valley
Unemployment continues to drop in Silicon Valley, but the recovery remains lopsided for certain industries. The unemployment rate in the South Bay dropped half a percentage point to 3.1% between mid-October and mid-November, according to a recent report from Joint Venture Silicon Valley’s Institute for Regional Studies. This is within 0.3% of the March 2020...