Economy

Economy

Santa Clara reserves fall short of revenue needs

Santa Clara’s budget deficit has shrunk dramatically, but city officials warn that new tax strategies are necessary to build up long-suffering coffers. City officials told the Santa Clara City Council this month the $27 million deficit has dropped to about $9 million. But to maintain this downward trend, city employees recommended some adjustments to the...

‘Dying to stay here’: The plight of Black people in Silicon Valley

A local economist startled by the staggering disparities pushing African Americans to the margins in Santa Clara County is launching a video and podcast project hoping to bring more attention to the issue. Chuck Cantrell’s “Dying to Stay Here” video was formally released at CreaTV studios in San Jose earlier this month. The roughly nine-minute...

San Jose Flea Market vendors get two-year reprieve

San Jose Berryessa Flea Market vendors have been guaranteed another two years to stay open, thanks to an early morning deal struck between San Jose and the landowners. San Jose Councilmember David Cohen reached an agreement on Friday with the Bumb family to guarantee the flea market can stay open until at least January 2026....

San Jose Chamber of Commerce names new CEO

The San Jose Chamber of Commerce has selected Leah Toeniskoetter as its new president and CEO, the organization announced today. Toeniskoetter is the founding director of public policy think tank SPUR San Jose, as well as a senior manager at Deloitte and daughter of prolific developer Chuck Toeniskoetter. She is the third CEO for the...

San Jose bends to developers in delaying wage theft policy

A shiny luxury condo tower in downtown San Jose is a stark reminder of the dark and tragic abuse workers endured to construct it—with some locked in shipping containers after spending the day working for little to no pay. The city’s latest policy is designed to ensure history doesn’t repeat itself. Under the proposed responsible...

Downtown Sunnyvale’s housing anchors the community

The stream of customers barely slowed at Bean Scene Cafe on Murphy Avenue in Sunnyvale, as owner Kenny Lam poured espresso shots and steamed milk for lattes. The cafe, along with all of downtown Sunnyvale, has returned to pre-pandemic levels of foot traffic and engagement. City leaders and business owners attribute the success to a...

San Jose nonprofits are food lifeline for Thanksgiving

Each year, the lines are long at Sacred Heart Community Service in San Jose, as people and cars queue up for nutritious boxed holiday meals. From Monday to Wednesday, the nonprofit distributed approximately 3,500 free boxes of food. Each box, valued at $150, included a chicken, ham or turkey and all the fixings for the...

San Jose mellows cannabis rules to help industry grow

San Jose officials are relaxing cannabis regulations and instead want to refocus efforts to end the black market industry. The San Jose City Council unanimously voted Tuesday to reduce fines on dispensaries that violate city policy. Councilmembers also expanded hours of operation from 9 a.m. to 9 p.m. to 6 a.m. to 10 p.m. The move is aimed...