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Filtered by Category: large business

 
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

 
1st Quarter 2022 Sales Tax Data Released

1st Quarter 2022 Sales Tax Data Released

By Brittney Sherman

Here are a few key takeaways from Morgan Hill's 1st Quarter 2022 sales tax numbers:

-Santa Clara County sales tax collections grew 14% and Morgan Hill collections grew 8.4%, as compared to this same quarter last year.

-Receipts from local Morgan Hill brick and mortar purchases rose 9.3% compared to 2021, supporting the continued trend of buying locally.

Sales tax collected from service stations rose 52% compared to 2021, as a result of increased gas prices and the continued return of commuter travel.

Casual dining and quick-service restaurants continued their upward trend, marking the 4th full quarter in a row where restaurant receipts have increased.

Read the full report from HdL HERE.

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

 
First Farmworker Apartment Complex to Break Ground in Morgan Hill

First Farmworker Apartment Complex to Break Ground in Morgan Hill

By Brittney Sherman

On Thursday, August 11, the first affordable apartment housing project to offer dedicated farmworker housing in Santa Clara County will break ground in Morgan Hill. This apartment project is a 73-unit multi-family complex called Royal Oak Village.

Read the full Press Release HERE.

Have questions? Contact City of Morgan Hill Housing Director Rebecca Garcia at Rebecca.Garcia@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

 
Investment Company Purchases Butterfield 5

Investment Company Purchases Butterfield 5

By Brittney Sherman

Atlanta-based investment company Invesco recently purchased all industrial buildings in the Butterfield 5 Tech Park, totaling 410,000 sq/ft, for approximately $119 Million. Ideal users for the buildings are advanced manufacturing, industrial or warehouse based businesses. At this time, there have been no lease announcements.

Butterfield 5 is an industrial park recently completed by Trammel Crow Company, and located on the West side of Highway 101. The 5 standalone buildings range in size from approximately 70,000 sq/ft to 91,000 sq/ft. Learn more about the Butterfield 5 Technology Park HERE.

Invesco is a global investment firm with more than 8,600 employees, across 26 countries. The firm was founded in 1935 and is based in Atlanta, Georgia. They currently manage $1.5 Trillion in assets. Learn more about Invesco HERE.

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

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