For decades, Silicon Valley has been the center of tech jobs and innovation. But several companies have been uprooting their Bay Area digs over the past few weeks — Tesla and Hewlett-Packard to name a few — and relocating to cheaper pastures such as Austin, Texas and Seattle. Turns out workers themselves might be on...
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San Jose business leaders see a thriving downtown — just not right now
With many businesses shuttered and trash mounting, it is hard to imagine how downtown San Jose will evolve into the metropolis city leaders are hoping for. But experts at a recent San José Spotlight panel were confident that with a little patience, a lot of housing and eager investment from local developers, a vibrant downtown core...
South Bay’s Black-owned businesses turn to networking to survive pandemic
Small businesses have been hit hard by the COVID-19 pandemic, but Black businesses have been hit even harder. According to a report by the New York Fed in April, nearly half of all small Black-owned businesses had closed or were likely to close due to the pandemic. Walter Wilson, co-founder and CEO of the Silicon Valley...
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 to offer small-business loans through state fund
Rather than create its own pot of money to help local businesses suffering through the pandemic, Santa Clara County will invest in a statewide fund that offers loans to small businesses. The Board of Supervisors on Dec. 8 voted unanimously to invest $6 million into the California Rebuilding Fund with the intent of offering loans...
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....
‘We don’t know what to do’: San Jose restaurants prepare to close in-person dining
Surrounded by patio heaters and tables filled with patrons dining on Mexican food, a three-person mariachi band played under the tent canopy outside Mendoza’s Taqueria in San Jose on Sunday – the last day of the year restaurants could seat people under Santa Clara County’s most recent health order. “I’m going to miss watching them...
Free parking and to-go alcohol among ideas to keep business alive in downtown San Jose
A coalition of more than 55 San Jose businesses is pushing local and state policy recommendations to help the once-thriving downtown core survive the pandemic. Lawmakers at the city’s Rules and Open Government Committee voted unanimously Dec. 2 to bring 15 new policy recommendations to the San Jose City Council for discussion and approval. “As...
Big business plans to cut more than 8,800 jobs in South Bay by end of the year
More than 8,800 employees at large Santa Clara County firms are expected to be out of work by the end of the year, according to data filed with the U.S. Labor Department. Some 103 county businesses filed a notice between July 1 and Nov. 18 of impending layoffs under WARN (Worker Adjustment and Retraining Notification),...