Silicon Valley’s unemployment rate is dropping after the economic roller coaster of the COVID-19 pandemic. But some business sectors could take years to rebound. Local unemployment was below 3% prior to the pandemic, said Bige Yilmaz, economic data analyst for San Jose. After a turbulent year, it now sits at about 5.5%. “In terms of...
San Jose-Google benefits fund could take 10 years to pay out
San Jose could approve close to $155 million in community funds from Google as early as today, but the pay out will take some time. The agreement between city administration and the tech giant on its proposed downtown campus development heads to the City Council for a vote tonight, but the money would come in at...
Will downtown San Jose recover from office vacancies?
Office vacancies in downtown San Jose increased during the pandemic, but some say it’s only a matter of time before workers return. According to Silicon Valley MarketBeat, which analyzes commercial real estate activity, downtown vacancies rose during the beginning of 2021 from 14.2% to 17%—about 1.5 million square feet—compared to the first quarter of 2020....
Santa Clara County pilots program to combat wage theft
Santa Clara County is doubling down on its efforts to eliminate wage theft following a report showing $128 million in unpaid fees. Earlier this month, the county launched a pilot program that proactively identifies contractors working with the county who have outstanding final judgments against them and determines whether to disqualify the contractor from doing...
San Jose cannabis deliveries and pickups skyrocket during pandemic
While San Jose businesses struggled and shuttered during the COVID-19 pandemic, one industry had its best year yet: cannabis. And local retailers say delivery services had a lot to do with it. According to San Jose Police Department Division Manager Wendy Sollazzi, tax revenue from cannabis sales is expected to provide the city with $17...
San Jose’s big gamble with Measure H might be illegal
Seventy-three percent of San Jose voters went all-in for more card room tables last November. But state officials say that increasing that number might be illegal. At the end of last year, San Jose voters overwhelmingly approved Measure H, which allows local casinos to increase the number of tables if they agreed to pay the...
Indoor dining brings normalcy back to San Jose restaurants
Restaurants returning to indoor dining can breathe easier as customers come back inside and some normalcy takes shape. Before the pandemic, Anabel Nguyen and Alex Huynh’s family restaurant hadn’t taken a break in 25 years. But in March 2020, they closed for one month. “It was really stressful for all of us,” Nguyen said. Since...
San Jose Planning Commission OKs Berryessa public market plan
Vendors worried about the future of the San Jose Flea Market were dealt a blow Wednesday night. The San Jose Planning Commission voted 5-1 to recommend a revised development plan for the Berryessa BART Urban Village Plan, a 61.5-acre portion of the flea market site located on Berryessa Road near Highway 101. The site is...
San Jose’s Happy Hollow hangs on during the pandemic
The theater and rides at San Jose’s Happy Hollow Park & Zoo might be closed, but that didn’t dampen 4-year-old Zayden’s enthusiasm for his first time at the zoo. “I’m so excited!” said Zayden as he made his way from the ticket booth to the exhibits. Happy Hollow is owned and operated by San Jose’s Parks,...
UPDATE: San Jose approves policy to rehire laid-off workers
A local labor-led ordinance will capitalize on a new state right-to-work law for the hospitality industry. The council unanimously approved a so-called “Return Together” ordinance, which mandates San Jose employers in the hospitality industry to rehire hotel and event workers, janitors and airport workers, among others, when they reopen. Priority will be given based on...