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A Year In Review- Matt Mahood, Economic Development Director

A Year In Review- Matt Mahood, Economic Development Director

By Brittney Sherman

It has been a little over a year since Matt Mahood joined the City of Morgan Hill as the Economic Development Director. Silicon Valley Business Journal Editor-in-Chief J. Jennings Moss conducted a one-on-one interview with Mahood to talk about his transition from the public to private sector and his continued role as a “business booster” in Silicon Valley.

“I chatted with Mahood earlier this month about his decision to take the Morgan Hill job and what the city is doing to encourage companies to do business there. The following excerpts were edited for length and clarity…….”

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

 
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

 
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

 
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

 
June eNewsletter

June eNewsletter

By Brittney Sherman

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

·   Morgan Hill Market Analytics Report

·   389-Unit Apartment Complex Breaks Ground

·    Invesco Purchases Butterfield 5 Industrial Park

·    NEW Water Conservation Emergency Regulation

·    Magical Bridge Playground Opens

·    The Secret Door, Cigarland, and Cochi’s Kitchen

·    Business Resources

Read the June 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

 
Micro-Mechanics: A world-renowned Singapore-listed company

Micro-Mechanics: A world-renowned Singapore-listed company

By Brittney Sherman

Micro-Mechanics started in 1983.  After establishing manufacturing plants in Singapore, Malaysia, China and the Philippines, as well as sales representation  in Taiwan, Europe, Thailand and Japan,  the company established a factory in Morgan Hill in 2008. Micro-Mechanics designs and manufactures advanced semiconductor packaging, testing tools and consumables, in addition to manufacturing critical precision tools and components for water manufacturing and other high-tech industry custom process applications. Micro-Mechanics employees 65 people at its Morgan Hill location, offering a wide range of shifts, including weekends and nights, in addition to a competitive employee package including opportunities for healthcare and matching savings accounts. Micro-Mechanics aims to be at the forefront of environmental preservation practices in the Manufacturing Industry. They currently have solar and rooftop carports that cover more than 70% of their electrical needs, with another solar expansion project currently in the pipeline. Since becoming a public company in 2003, Micro-Mechanics has become a world-renowned Singapore-listed company, receiving consistent attributes for their corporate governance, transparency, and investor relations practices. Thank you Micro-Mechanics, for “Choosing Morgan Hill.

Learn more about Micro-Mechanics HERE

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