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News and thoughts from our staff

Filtered by Category: large business

 
April 2023 eNewsletter

April 2023 eNewsletter

By Brittney Sherman

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

-Silicon Valley Index confirms the region's resiliency

-Fourth-quarter sales tax revenue breaks a ten consecutive quarter streak

-$4M awarded for Monterey Road improvements

-Morgan Hill aims to increase economic mobility

-Roll Downtown on May 13 during Open Streets

-Sidewalk Saturdays expands in sixth season

-In the news

-Newly opened

Read the April 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

 
Deep dive into the CHIPS Act

Deep dive into the CHIPS Act

By Brittney Sherman

What to learn more about the CHIPS Act and whether your company is eligible for funding? The Governor's Office of Business and Economic Development (GO-Biz) will be hosting a two-part webinar series to provide background on the CHIPS Act and updates on how the state is supporting California CHIPS applicants.

Webinar 1: CHIPS Act Overview and Expectations - REGISTER HERE

Date: April 5th, 2023 from 12:00 – 1:00 PM PST

In this first webinar, GO-Biz will provide an overview of current and upcoming CHIPS Act funding opportunities, as well as detail the timelines and federal guidelines for the manufacturing incentives and R&D programs.

Webinar 2: State and Local Government Incentives & Support-

Date: April 11th, 2023 from 10:00 – 11:00 AM PST

REGISTER HERE

The second webinar will be hosted by SEMI to discuss California state services and programs that can be leveraged in alignment with current and upcoming CHIPS funding opportunities. Competitive CHIPS proposals will apply one or more state or local government incentive(s) to finance their project costs. This webinar will provide an opportunity for California semiconductor businesses to learn about existing state incentives and workforce development programs they may utilize to strengthen their CHIPS applications. REGISTER HERE.

 
The rising trend of on-site daycare

The rising trend of on-site daycare

By Brittney Sherman

During the pandemic one-third of women left the workforce due to childcare challenges, and many have not yet returned. Providing on-site daycare has become the newest company benefit in an effort to entice workers back to the office. The Biden administration’s recent announcement requiring CHIPS Act funding recipients to provide access to high-quality and affordable childcare, is sparking a similar conversation in the private sector. Between April 2021- September 2022, the number of employers providing daycare services doubled when compared to pre-pandemic years. Companies now offering on-site childcare services are seeing an uptick in attraction and retention of employees, but state regulations and a six percent decrease in childcare workers pose challenges for many employers trying to implement the benefit.

 
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

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