Economy

Economy

San Jose an uphill battle for small businesses

California is ranked as the 25th least expensive state to start a business, but local business leaders say entrepreneurs in San Jose face significant challenges in launching a company. A recent study by SimplifyLLC analyzed a variety of factors to rank each state, including business filing fees, labor costs, utility costs, lending rates and start...

Can San Jose create a downtown entertainment district?

Providing a fun and safe experience for visitors coming to downtown San Jose are top priorities in a new proposal for an entertainment district in the city’s urban core. Leading this development effort is real estate mogul Gary Dillabough, who believes as safety improves in San Jose it will soon be ready for a central...

San Jose gives new airline room to fly

San Jose officials waived more than $1 million in fees for Spirit Airlines as the company takes off at San Jose Mineta International Airport. The San Jose City Council voted unanimously Tuesday to grant the airline approximately $1.7 million in fee waivers and marketing dollars. Airport and city officials said the waivers will incentivize more...

San Jose food vendor finds novel way to raise money

A popular San Jose food vendor is trying to set up a brick-and-mortar restaurant, but has struggled to get a small business loan from a traditional lender. The owner of Hết Sẩy has found an innovative solution to pay for a more permanent location: an online crowdfunding marketplace with a unique twist for small businesses...

San Jose official fights small business displacement

High rents and new development have caused a number of small businesses across San Jose to close shop or to cease operations entirely. That’s why San Jose Councilmember Peter Ortiz is asking the city to draft a policy to protect small businesses from being displaced. There are about 60,000 small businesses in San Jose, roughly 7,000 of...

49ers bid for Bay Area to host 2026 Super Bowl

The 49ers want another run at hosting the Super Bowl less than a decade after bringing the championship game to Santa Clara. San Francisco 49ers CEO Jed York said the team is hoping to host the 2026 Super Bowl at the NFL annual meeting Tuesday. This would mark a decade after Levi’s Stadium first hosted...

San Jose Vietnamese businesses struggle to survive

Vietnamese residents packed a local restaurant to speak with San Jose’s mayor about the biggest issue on their minds: small businesses. San Jose Mayor Matt Mahan and District 8 Councilmember Domingo Candelas hosted a town hall with residents Thursday afternoon. More than 50 attendees filled the seats at Nam Giao Restaurant in East San Jose....

Sunnyvale Starbucks workers feel exploited

Employees of a busy Starbucks store in Sunnyvale are working to unionize, joining a growing movement by workers at hundreds of the chain’s stores pushing back on what they call unfair and exploitative conditions. Most of the 24 partners—what Starbucks calls its employees—at the store near South Mary and Fremont avenues have signed onto a letter...

Congressman discusses why Silicon Valley Bank failed

Congressman Ro Khanna led efforts to ensure depositors of Silicon Valley Bank could withdraw their funds following the largest collapse of a U.S. financial institution since the 2008 mortgage meltdown. The Federal Deposit Insurance Corporation (FDIC) took control of Silicon Valley Bank last week after uncertainty about its solvency led to a run on the bank,...