Business

Business

New loan program offers lifeline to small businesses in Santa Clara County

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...

Silicon Valley Organization’s new diversity panel struggles to get recruits

Three prominent community leaders continue to refuse to serve on the Silicon Valley Organization’s new racial equity working group unless the business group agrees to a set of conditions and full transparency, according to a letter obtained by San José Spotlight. The Nov. 9 letter outlined concerns with The SVO’s “hastily-assembled investigation” into a racist...

Businesses to face immediate fines for violating COVID-19 rules in Santa Clara County

Santa Clara County businesses that violate COVID-19 safety protocols over Thanksgiving weekend will face immediate fines as health officials struggle to control the spread of COVID-19. Unlike before, businesses will have no grace period to fix the violation if they are cited Nov. 26 to Nov. 29. Individual fines range from $250 to more than...

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,...