Economy

Economy

New COVID-19 relief fund dedicated to East San Jose businesses

East San Jose businesses and nonprofits struggling to survive may have gained a new lease on life through a new community COVID-19 relief fund. San Jose Planning Commissioner Rolando Bonilla said the East San Jose business community, which has experienced difficulty accessing government aid, was left out of conversations about solutions to help them weather...

Study: Silicon Valley is mostly working from home — and service industry is paying the price

In non-pandemic times, Voyager Cafe in downtown San Jose would be teeming with customers, often workers lined up looking to get their morning coffee or something to go with their lunch. Not anymore. Revenue is down 40% to 50%, according to co-owner Sameer Shah. Voyager’s location inside the San Pedro Square Market means it’s walking...

San Jose business owners hit hard by COVID-19 now have another worry — the end of an eviction moratorium

Businesses that barely survived 2020 have another tough blow ahead — the end of the county’s moratorium on evictions. The measure bars landlords from evicting commercial tenants who haven’t been paying their rent. It expires on March 31 and, when it does, businesses that haven’t paid rent are on the hook for paying all of...

Silicon Valley will recover faster from COVID-19, report says; local economists unsure

A Bloomberg report found that according to economic infrastructure and demographic metrics, Silicon Valley ranks first among the top 100 U.S. metropolitan areas most likely to recover from the COVID-19 pandemic the quickest. “Known for their information technology, electronics manufacturing, venture-capital funding and research universities, the economies in the Bay Area boast industries that have...

Google project won’t improve San Jose’s jobs-housing imbalance much, officials say

Google’s massive downtown San Jose campus won’t make as big a dent in the city’s jobs-to-housing imbalance as city officials had hoped. That was one of the revelations from a Planning Commission meeting studying the proposed project on Dec. 9. “Even with the addition of these 20,000 jobs at full build-out, it makes a very small change...

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