Business

Business

San Jose franchisees applaud delay in controversial law

Fast-food restaurant owners are breathing easy now that a state law meant to address working conditions among workers is on hold. Efforts to halt AB 257, also known as the FAST Recovery Act, succeeded this month after restaurant and business trade groups submitted more than 712,000 valid voter signatures for a referendum, state officials announced last week. The effort to...

Tech layoffs won’t hurt downtown San Jose

Recent tech layoffs likely won’t prevent downtown San Jose from becoming a thriving commercial and residential hub. But uncertainty around remote work culture and lengthy timelines for completing major transit and development projects could spell years more struggle for the area and its businesses. Three regional experts said while tech company layoffs have captured big...

Why do San Jose residents avoid banks?

The number of Silicon Valley households without bank accounts has skyrocketed, a recent federal survey has found. According to a biennial survey conducted by the Federal Deposit Insurance Corporation (FDIC), the rate of unbanked households, or homes that do not have at least one bank account, jumped from 1.9% to 13.2% between 2019 and 2021...

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