Economy

Economy

How many jobs does it take to pay rent in San Jose?

In the heart of Silicon Valley, an individual making minimum wage needs to work nearly four hourly jobs to pay the rent. A new report, conducted by the National Low Income Housing Coalition, finds housing costs in the nation are rising to unreachable levels for many—especially those working minimum wage jobs. Across the nation, full-time minimum wage workers...

Survey says San Jose #1 for millennials. Experts disagree.

A new survey claims San Jose is the top metropolitan area in the country for working millennials, but those in the know say that’s not the reality. Commercial Cafe’s study says San Jose’s metropolitan area, which includes Sunnyvale and Santa Clara, is the best region for millennials based on four of seven indicators. The four areas San...

San Jose Downtown Association finds new leader in Reno

After more than three decades, the San Jose Downtown Association is getting new leadership. Alex Stettinski, executive director of Downtown Reno Partnership, is set to become CEO following a six-month national search involving 46 candidates. Stettinski will replace CEO Scott Knies, who has led the business organization since 1988. Knies will remain on the job until Nov....

San Jose residents react to record-breaking inflation

San Jose residents are grappling with the highest level of inflation in 41 years, forcing many to make hard choices about food, travel and housing—furthering the disparity between the haves and have-nots. On Wednesday, the Labor Department reported consumer prices have risen 9.1% since June of last year. Rising costs have affected nearly every sector....

San Jose State track proposed for fairgrounds

A proposed track and field at the Santa Clara County Fairgrounds may return a university to former glory. Assemblymember Ash Kalra requested $25 million from the state Legislature for a San Jose State University Speed City Legacy Center and Track and Field Training Facility. The Legislature approved $4 million in the 2022-23 fiscal year budget....

San Jose airport gets funding for disability upgrades

Traversing San Jose’s airport will get easier for people with disabilities thanks to future accessibility upgrades. The Federal Aviation Administration is allocating $10 million toward improving accessibility at Mineta San Jose International Airport, Congressmember Zoe Lofgren said in a statement last week. The funding is part of a bipartisan infrastructure package providing $25 billion in...

San Jose sees rising property values despite economic woes

The value of taxable properties in San Jose skyrocketed last year thanks to demand for luxury homes and new construction. Experts and county officials say the growth won’t last. At the heart of wealthy Silicon Valley, the assessed value of all property grew by $15 billion over the last 12 months—a jump from $215.9 billion to $231...

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