Economy

Economy

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...

Santa Clara County eyes small-business loan program

Santa Clara County is considering establishing a $50 million to $100 million small business loan program, despite county executives insisting it’s a bad idea. The Board of Supervisors started entertaining the idea in October, with Supervisor Joe Simitian saying loan amounts should be distributed in increments of $50,000 to $100,000 per business to increase impact....

‘We don’t know what to do’: San Jose restaurants prepare to close in-person dining

Surrounded by patio heaters and tables filled with patrons dining on Mexican food, a three-person mariachi band played under the tent canopy outside Mendoza’s Taqueria in San Jose on Sunday – the last day of the year restaurants could seat people under Santa Clara County’s most recent health order. “I’m going to miss watching them...

Free parking and to-go alcohol among ideas to keep business alive in downtown San Jose

A coalition of more than 55 San Jose businesses is pushing local and state policy recommendations to help the once-thriving downtown core survive the pandemic. Lawmakers at the city’s Rules and Open Government Committee voted unanimously Dec. 2 to bring 15 new policy recommendations to the San Jose City Council for discussion and approval. “As...

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