Economy

Economy

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...

San Jose’s oldest 4th of July parade invigorates businesses

San Jose’s oldest Independence Day parade is not only a favorite among local residents, but also small businesses. The Rose, White and Blue parade and festival has been around since 1901, drawing hundreds of people every year. A decked out parade filled with lowriders, classic cars, patriotic floats and festive vehicles grace Alameda and Naglee...

‘End of an era’: Silicon Valley mourns losing Great America

The clock is ticking down at the South Bay’s beloved amusement park, and residents throughout Silicon Valley have been reflecting on the loss. Cedar Fair Entertainment Company, which owns California’s Great America in Santa Clara, announced Monday that it is selling the 46-year-old property for $310 million to San-Francisco based Prologis, a national real estate...