Economy

Economy

Santa Clara County property value grows despite COVID pandemic

When COVID-19 first emerged in early 2020, the Santa Clara County Assessor’s Office braced for a repeat of the Great Recession, when property value plummeted. Instead, 2021 boomed in residential and commercial property sales, even with a pandemic hanging over the South Bay. The Santa Clara County assessment roll—which includes the value of all real estate...

The Biz Beat: Peters’ Bakery in San Jose puts the icing on the cake

Editor’s Note: The Biz Beat is a monthly series highlighting local small businesses and restaurants in Silicon Valley. One San Jose bakery has been making to-die-for burnt almond cake for more than 85 years, bringing customers from hundreds of miles away for this signature dessert and other mouthwatering delights. Tony Peters founded Peters’ Bakery in...

Unemployment continues to drop in Silicon Valley

Unemployment continues to drop in Silicon Valley, but the recovery remains lopsided for certain industries. The unemployment rate in the South Bay dropped half a percentage point to 3.1% between mid-October and mid-November, according to a recent report from Joint Venture Silicon Valley’s Institute for Regional Studies. This is within 0.3% of the March 2020...

Santa Clara County businesses brace for COVID once again

After almost two years of struggling through the COVID-19 pandemic, businesses may not be able to survive another hit caused by the omicron variant.  To help small businesses endure, the Santa Clara County Board of Supervisors unanimously approved $20 million in federal pandemic relief grants on Tuesday. The details are still being worked out. Join...

Food delivery fees remain uncapped in San Jose

A San Jose measure to limit fees DoorDash and other delivery companies charge businesses expired six months ago—and it’s not coming back, officials say. San Jose capped delivery fees at 15% in December 2020 to help alleviate costs for local businesses, but it expired in June. The city has no immediate plans to reinstate a...

UPDATE: San Jose extends outdoor dining program through 2022

San Jose residents will be able to dine outdoors at their favorite restaurants through next year. With pre-pandemic indoor dining not expected to return anytime soon, the San Jose City Council unanimously extended its popular Al Fresco outdoor dining and business program on Tuesday, as the region deals with another COVID variant. The extension allows...

San Jose locals support small businesses with holiday shopping

Black Friday retail lines may have been shorter than expected this year, but San Jose residents still flocked to small businesses for their holiday shopping. The San Jose Made Craft Holiday Fair drew unexpectedly large crowds at the Santa Clara Convention Center over the three-day event, which included Black Friday and Small Business Saturday. More than...

Uptick in holiday travel at San Jose airport

After a turbulent year, the Mineta San Jose International Airport is seeing a promising uptick in passengers traveling for the holidays. Approximately 300,000 passengers passed through the airport from Nov. 19 through Nov. 28. Daily traffic data is not yet available, but airport officials say overall travel volume was nearly three times higher than the...

The Biz Beat: San Jose locals discover Ethiopian home cooking at Mudai

Editor’s Note: The Biz Beat is a new monthly series highlighting local small businesses and restaurants in Silicon Valley. Mudai Ethiopian Restaurant owner and chef Selam Tkabo has a passion for cooking and strives to “serve happiness” through traditional, homemade dishes. She recreates flavorful family recipes, rich in exotic African spices, she learned to make...