As California’s small businesses face continued COVID-19 restrictions, a new small-business loan program aims to help keep the doors open a while longer. The California Rebuilding Fund supports small businesses in economically disadvantaged and historically under-banked areas. Businesses with 50 or fewer full-time equivalent employees and $2.5 million or less in gross revenues in 2019...
Santa Clara County moves forward with job cuts in face of deficit
Despite calls from county employees and labor advocates to reconsider, Santa Clara County continued on its path to lay off employees in anticipation of balancing its 2021-22 budget. In a 3-2 vote Nov. 20, the Board of Supervisors pushed through the elimination of 170 county positions. Supervisors Cindy Chavez and Dave Cortese cast the dissenting...
Santa Clara County eyeing more job cuts to balance next year’s budget
Santa Clara County supervisors are set to approve more layoffs across county government to prepare their 2021-22 budget for shortfalls due to the ongoing COVID-19 pandemic. Supervisors on Nov. 18 discussed eliminating about 170 county jobs. They will cast a final vote Nov. 20 on the layoffs, which are part of a broader plan to...
Tech industry service workers in Silicon Valley fear wave of job losses
Recent layoffs have ignited fear among service workers that Silicon Valley high-tech firms, which have kept them on the payroll and covered by health insurance during the pandemic, may soon reverse course, creating a wave of job losses. Although Facebook, Google, Intel and others have continued to pay their subcontracted service workers during the pandemic,...
Minority-owned businesses having hardest time paying rent, poll finds
Justen Torres had a big vision this year: Build Get Away Games & Media, a place where players are trapped in a themed room, solving clues and puzzles before they can get out. “Escape rooms are getting popular here because it is a new way for friends, family and co-workers to bond and build relationships,”...
New San Jose job program brings hope to workers displaced by COVID-19
Angellina Duran was scheduling appointments for a cardiologist prior to the pandemic. Things started to fall apart when she and her stepfather came down with COVID-19. Her stepfather, who was her primary childcare provider, was in the hospital for several weeks fighting for his life. He returned in a weakened state. After she recovered from...
COVID-19 may cause merchants to see less holiday cheer this year
The end-of-the-year Christmas and holiday shopping season is traditionally a time retailers of all sizes rely on to bring in strong sales, and in some cases, make their entire year a success. But the COVID-19 pandemic is likely to put a damper on the season’s usual good tidings this year as merchants are limited to...
UPDATE: San Jose extends outdoor business hours through winter
San Jose businesses can continue operating outdoors through next spring and summer, thanks to a unanimous City Council vote to extend the city’s Al Fresco program and loosened restrictions on hours of operation. Until now, outdoor activity was required to shut down by 10 p.m. but the new rules allow businesses to operate past midnight...
Economists cautiously optimistic about recovery while Santa Clara County employment improves
As the Bay Area takes more steps to reopen amid the pandemic, a new report is taking a cautiously optimistic approach to the ability of the region’s economy to recover from its biggest shock since the Great Recession more than a decade ago. But, according to officials with the Bay Area Council (BAC), a possible...
‘I know their pain’: Study confirms toll of shutdowns in San Jose
John Zamora, owner of Zamora’s Omelette House, served the last meal at his Alum Rock Avenue restaurant at the end of August, after almost 10 years in operation. “We were trying to hold on,” Zamora said. “We felt we had to give it a try.” Zamora’s experience illustrates the results of a recent economic report...