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The state of Silicon Valley

The state of Silicon Valley

By Brittney Sherman

Even when considering the California exodus, tech sector layoffs, and headquarter relocations, the state of Silicon Valley is not all doom and gloom. Since June 2022, Silicon Valley has added 88,000 new jobs and has a current unemployment rate of 2%. Between 2020-2022, approximately 91,000 people left Silicon Valley, however 50% of them still live within driving distance. The recently announced 11,000 tech layoffs represent 0.7% of Silicon Valley’s total employment and experts predict the final layoff percentage to come in somewhere around 2%. Silicon Valley lost four major headquarters, but experienced 20,000 patent registrations: one of the highest numbers in the Valley’s history.

Every February Joint Venture Silicon Valley produces the Silicon Valley index, which measures the strength of our economy and the health of our community through research and indicator tracking. The index highlights challenges, celebrates wins, and provides an analytical foundation for decision-making. Go HERE to download your copy of the index or take a deep into the hard data and charts.

 
January 2023 eNewsletter

January 2023 eNewsletter

By Brittney Sherman

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

-Third-quarter sales tax data remains positive

-(40) Significant projects currently in the pipeline

-Storm-impacted businesses could qualify for tax and loan relief

-Morgan Hill becomes home to the Bay Area Panthers

-What is the Chips and Science Act of 2022

-Nationwide holiday retail sales miss the mark

Read the January 2023 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

 
October eNewsletter

October eNewsletter

By Brittney Sherman

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

·   Sales tax revenues continue to rise, but experts predict slower growth

·    Morgan Hill targets expanding retailers

·    City leads Manufacturing Week

·    Are you prepared for food recovery inspections?

·    Book a ride anywhere in Morgan Hill for $2.50

·    What you will see on the 2022 Local Election Ballot

·    Makers Market drives Shop Local effort

·    Ghouls and Goblins return to the Downtown

·    Morgan Hill in the news

·    Business Resources

Read the October 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

 
Students Get A Glimpse Into The World of Manufacturing

Students Get A Glimpse Into The World of Manufacturing

By Brittney Sherman

In honor of National Manufacturing Month, celebrated every year in October, the City of Morgan Hill Economic Development Team took (42) high school students on in-person tours at two local manufacturing facilities.

The first tour was hosted by SunBasket, a food prep and delivery company that prepares millions of meals per week for hungry customers around the West Coast. Students were amazed by the intricacies of the food preparation and preservation process, and the chilly 33 degree temperature of the refrigerated spaces.

The second tour was hosted by Creative Manufacturing Solutions (CMS), a privately owned sheet metal company specializing in CNC punching, laser cutting, forming, welding, and in-house powder coating. CMS was a familiar location for a handful of students who were partaking in their second tour of the facility and also for two students who were already enrolled in the company’s internship program. Questions about the machines and punching process poured from first-time students driven by an interest in machining and the trades.

The day was rounded out with an afternoon pizza party, and because it was organized during tradition school hours, a quiz with some good natured competition between Live Oak and Sobrato Students.

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

 
August eNewsletter

August eNewsletter

By Brittney Sherman

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

-Morgan Hill Feature Event in the Business Journal

-Significant Commercial, Industrial, and Residential Project Movie Reel

-Largest In-Person Hiring Fair To Date

-2022 Local Election Items

-Updated Downtown Restaurant, Retail, and Development Map

-Hotel Incentive Policy Revisions

-Sidewalk Saturdays Returns this Fall

-Carniceria Elite Meat Market, MOHI Farm, and Bath & Body Works

-Business Resources

Read the August 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

 
San Jose's Largest In-Person Hiring Fair

San Jose's Largest In-Person Hiring Fair

By Brittney Sherman

Work2future and San Jose Works will host a San Jose Career Expo on Friday, September 23rd from 1:00 pm to 4:00 pm at the San José McEnery Convention Center, South Hall. This will be the South Bay’s largest in-person hiring event to date, with spaces available for 75 employers who are:

·    Currently hiring seasonal, part-time, and/or full-time employees. 

·    Looking for candidates that are entry-level to highly skilled. 

·    Open to applicants of all ages. Employers with the capacity to hire youth 16+ are encouraged to apply. 

There is no cost to participate, however space is limited. If you want to participate, submit your online application prior to the submission deadline on Monday September 5. If you have any questions, you can reach out to the Work2future Business Service Program Manager, Huong Tran, at huong.a.tran@sanjoseca.gov .

 

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

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