Economy

Economy

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...

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....