Economy

Economy

Which San Jose industries received the most PPP money?

San Jose businesses received more than $2.3 billion in federal funding to keep workers on the job during the COVID-19 pandemic. The Small Business Administration (SBA) approved more than 11.8 million loans through three rounds of Paycheck Protection Program applications, with California having the most loan money approved out of any state, according to federal data....

San Jose restaurants have tough time hiring workers

Some San Jose restaurants are having a difficult time hiring employees, despite the state easing coronavirus restrictions. Ronald DeVries, owner of Pizza Bocca Lupo in San Pedro Square Market, said he’s noticed fewer applicants applying for jobs at the restaurant. Rather than seeing 20 applicants a month as in pre-pandemic times, the owner says he now sees...

San Jose to study creating cannabis equity program

After months of discussion, San Jose officials have a timeline for conducting a report which will document residents’ experiences with cannabis-related crimes and barriers to entering the legal market. The findings could determine how the city will use more than $550,000 from the state’s Bureau of Cannabis Control to create a cannabis equity program. Equity programs can...

No plans yet for first Google-San Jose funds

Google recently paid San Jose its first installment of funds as part of the tech giant’s deal to flood city coffers in exchange for a downtown campus. The tech giant agreed to pay $3 million for “immediate community stabilization” within 30 days of the City Council’s May 25 approval of its Downtown West project. Payment...

San Jose councilmember proposes improvement district for Alum Rock

When Councilmember Magdalena Carrasco envisions the future of Alum Rock Avenue, she sees a vibrant corridor of people enjoying the sights and sounds, visitors stopping at small businesses and families walking to and from events at Mexican Heritage Plaza. “We want people to walk, to experience the east side,” Carrasco said. “To nurture the talent...