Business

Business

Food delivery fees capped at 15% throughout Santa Clara County

Santa Clara County and San Jose officials voted separately but unanimously Dec. 15 to cap food delivery fees to help businesses retain income during the pandemic. Delivery service fees charged by third-party delivery companies such as Uber Eats, DoorDash, GrubHub, Postmates and others will be capped at 15% of the value of an order. San...

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 rushes to place cap on food-delivery fees

Santa Clara County could see a 15% cap on food-delivery fees as soon as next week. While supervisors were planning to look into the matter and put a cap in place in January, they instead voted unanimously Dec. 8 to draft a stop gap measure they could approve Dec. 15. “Many of our restaurant members...

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....