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California’s June unemployment rate improved from previous months amid the COVID-19 pandemic, but it remains to be seen how recent statewide closures due to spiking cases and hospitalizations affect jobs across the state. In June, the state’s unemployment rate improved to 14.9%, with the state adding a record 558,200 jobs, according to figures released Friday...
Hours after reopening, Santa Clara County businesses will have to close again
Just hours after reopening Monday under Santa Clara County’s new health order, hair and nail salons, gyms, tattoo parlors and other personal care services have to close yet again. During his noon briefing, Gov. Gavin Newsom announced immediate closures for indoor operations of restaurants, wineries, tasting rooms, movie theaters, card rooms, family entertainment centers, zoos and...
Property assessments reach $551.5 billion, peak of Santa Clara County economic growth
The valuation of properties on Santa Clara County’s assessment roll topped $551.5 billion – likely a peak of Silicon Valley’s decade of economic growth. The net valuation of all real and business property, which determines property tax rates, increased by $35.5 billion – a 6.87 percent increase from 2019’s $516 billion valuation, with the help...
Poll: Californians trust public health officials, fear economic impact
A new poll shows that Californians support public health officials’ efforts to prevent the spread of COVID-19, but believe that the virus disproportionately affects people of color and that the worst is still ahead. Released on Thursday and sponsored by The California Endowment, a nonprofit health organization, the poll surveyed 1,240 California voters to gauge...
Vulnerable Californians place coronavirus fears ahead of the economy: survey
As the region begins to reopen, the threat of the coronavirus remains firmly among the top three worries for many of the most vulnerable people in the Bay Area, according to a recent survey. The survey, commissioned by nonprofit health foundation, The California Endowment, polled 813 Californians who are people of color, Spanish speakers or...
Retail returns in Silicon Valley, but challenges and changes loom
Long before the coronavirus spread, retail was changing as big box stores’ popularity sank and experiences became the new must-have. But the pandemic flipped the industry on its head in a new way. Those changes are being felt across businesses in Silicon Valley, a region with several shining examples of retail hotspots that serve as...
Downtown task force pushes San Jose to help businesses survive post-coronavirus
Downtown San Jose community leaders this week gave city officials a to-do list to help the groups limping back to an economic equilibrium following the coronavirus shutdown. The nine recommendations, compiled by a 40-person coalition of downtown business, arts and community organizations, ask officials to create a new marketing program, extend free parking in the...
The land of inequality: New research highlights Silicon Valley’s wealth gap
San Jose State leaders on Tuesday called on tech companies and other institutions to address white supremacy and inequality, which are seeped into nearly every aspect of Silicon Valley life, according to new research unveiled this week. A new report, called the Silicon Valley Pain Index, is shedding a glaring spotlight on wealth and income...
Silicon Valley trade school that trains essential workers at risk of closure
A longtime Silicon Valley trade school that trains essential workers such as electricians, mechanics and nurses could soon close its doors, the latest casualty of the coronavirus pandemic that’s swept the world. But its leaders are fighting for a chance to survive another year. Officials from the Metropolitan Education District (MetroED) are asking the city of San Jose and...
Downtown San Jose restaurants struggle to survive amid pandemic, protests
Adolfo Gomez had driven just five minutes away from his downtown San Jose restaurant, Mezcal, when he got a call from a friend that the doors to the business had been broken and people were looting. His friend’s daughter had recorded and shared the action on her phone after what started as a peaceful protest...