News/Blog

News and thoughts from our staff

Filtered by Category: Silicon Valley

 
Morgan Hill Carves the Path for Advanced Manufacturing

Morgan Hill Carves the Path for Advanced Manufacturing

By Brittney Sherman

On August 4, the Silicon Valley Business Journal published an article outlining Morgan Hill’s dedication to attract additional advanced manufacturing to the City. With the completion of the Butterfield 5 Technology Park featuring (5) buildings totaling 410,000 sq.ft., and the recent purchase and entrance of the prior 258,211 sq.ft. Shoe Palace Headquarters to the market, Morgan Hill is carving a clear path for industrial development.

“The city has about 6.8 million existing square feet of industrial, R&D and warehouse space, according to the latest quarterly report from brokerage firm Colliers. That’s about 2% of the entire industrial stock of Silicon Valley — in a city that’s just under thirteen square miles in size. With strong demand for industrial space in the region, real estate investors are being drawn to Morgan Hill, and the city government is augmenting its healthy retail sector with additional industrial employers………..”

Read the full article in the Silicon Valley Business Journal HERE!

Have questions? Contact City of Morgan Hill Economic Development Director Matt Mahood at Matt.Mahood@morganhill.ca.gov

 
Silicon Valley Business Journal Highlights Downtown Development

Silicon Valley Business Journal Highlights Downtown Development

By Brittney Sherman

In the Business Journal's July 25 “List” several of Morgan Hill’s largest non-retail employers were featured, largely a mix of manufacturers, construction firms, and high-tech companies. However, the Business Journal’s article on July 29 was centered solely around the pedestrian-friendly, tourist attracting, vibrant Downtown District.

“Morgan Hill's downtown strip —centered around Monterey Road between East Main Avenue and East Fifth Street — has added several new shops, eateries and a wine tasting room this year. At least one downtown establishment is planning to expand. Read more to learn about some of the newer venues you can visit……”

Read the full article in the Silicon Valley Business Journal HERE!


Have questions? Contact City of Morgan Hill Economic Development Director Matt Mahood at Matt.Mahood@morganhill.ca.gov

 
City Council Approves Revisions to the Hotel Incentive Policy

City Council Approves Revisions to the Hotel Incentive Policy

By Brittney Sherman

At the August 17, 2022 City Council Meeting, Economic Development Director Matt Mahood presented revisions to the Hotel Incentive Policy (HIP) to allow for greater access and participation from all citywide hotels.

The revisions unanimously approved by the City Council, included the following:

-Adjust the Baseline TOT year to FY 2019/2020, lowering the threshold for most hotels to participate.

-Remove the requirement for existing hotels to increase in chainscale in order to participate in the program.

-Increase the maximum rebate for existing hotel renovations from $100k to $250K.

-Include an optional 5-year extension of the rebate timeline, to be approved by City Council, at a reduced rebate rate of 33%

There were no significant changes to the HIP as it relates to new hotel development.  New hotel developments are still eligible for a TOT rebate based on 50% of the cost of off-site improvements. 

The Economic Development team believes the approved revisions to the HIP will open the door for additional reinvestment in the existing Morgan Hill hotels and assist with the recruitment of new hotels. To read the updated Hotel Incentive Policy click HERE! Read the updated Hotel Incentive Policy HERE!


Have questions? Contact City of Morgan Hill Economic Development Director Matt Mahood at Matt.Mahood@morganhill.ca.gov

 
Microbusiness Grant Portal Reopens

Microbusiness Grant Portal Reopens

By Brittney Sherman

On August 11, the County of Santa Clara and the Enterprise Foundation reopened the portal to accept additional applications for the Microbusiness Grant Program, which grants $2,500 to qualified businesses affected by COVID-19. The application portal will remain open until the funds are exhausted.

To qualify for the $2,500 grant, microbusinesses must have made less than $50,000 in total revenue (not net) in each of the last three years. The business also needs to have less than five employees, been negatively effected by COVID-19, been open in 2019 and in operation in 2022.

Learn more about the Program and start your application HERE!

Have questions? Contact City of Morgan Hill Economic Development Director Matt Mahood at Matt.Mahood@morganhill.ca.gov

 
Industrial development booms in Morgan Hill

Industrial development booms in Morgan Hill

By Brittney Sherman

Morgan Hill's booming industrial development is generating a lot of attention and excitement. Watch the KPIX/CBS News Report that aired earlier this evening, highlighting the Butterfield 5 Tech Park and featuring our very own City of Economic Development Director Matt Mahood!

Learn more about Morgan Hill's ongoing industrial, housing, and tourism development at the August 11 Silicon Valley Business Journal "Meet Morgan Hill" virtual event. Register to attend for free HERE!

Have questions? Contact City of Morgan Hill Economic Development Director Matt Mahood at Matt.Mahood@morganhill.ca.gov

 
July eNewsletter

July eNewsletter

By Brittney Sherman

In this eNewsletter, you will find information about key efforts that impact our business community including:

·   1st Quarter Sales Tax Overview

·   Business License Renewals

·   CalCompetes Tax Credit and Grant Program Cycle #2

·   Magnolias Apartment Project to Include Farmworker Housing

·   Silicon Valley Business Journal Event - Meet Morgan Hill

·   Together at National Night Out

·   Urbn Ranch, Crumbl Cookie, Bloom, MOHI Farm, and

Bath & Body Works

·   Business Resources

Read the July 2022 eNewsletter HERE and reach out to the team if you have any questions or want to connect with us. Thank you for continuing to “Choose Morgan Hill.”

Have questions? Contact City of Morgan Hill Economic Development Director Matt Mahood at Matt.Mahood@morganhill.ca.gov

Join us on Social Media

Talk to our team