Economy

Caltrain will use $43 million in federal funds to complete its fleet electrification project by fall 2024, officials announced Dec. 23. Officials expect President Joe Biden to sign off on the recently passed $1.7 trillion omnibus spending bill, which will fund military and government agencies...

Driven by increasing residential values and despite a “troubled” commercial real estate market, Santa Clara County’s overall property assessment roll grew by $35.6 billion, or 5.4% in the last year, according to Assessor Larry Stone’s office. The growth includes an increase of around 5% in...

In a step toward building the first massive wind farms off California’s coast, three Assemblymembers on Feb. 12 proposed a $1 billion bond act to help pay for the expansion of ports. The bill, if approved, would place a bond before voters aimed at helping...

The historic heat wave that has gripped most of California this week has resulted in broken temperature records, prompted cities and counties to open public “cooling centers” for the vulnerable, limited outdoor school activities—and might have even damaged a stretch of highly traveled asphalt...

In an effort to minimize impacts on wildlife and tribal resources, as well as to satisfy critics of the proposed Sargent Mine in southern Santa Clara County, the project’s applicant recently offered to scale back their original plans for the property. However, some of those...

With seemingly constant rain storms pummeling the South Bay so far this winter, a federal drought monitoring program recently downgraded most of Santa Clara County from “Severe” to “Moderate” drought. But local water supply authorities warn that residents and property owners should continue to...

High-speed internet is coming to South County, as local providers have been installing fiber internet lines and infrastructure underground and on utility poles in recent months. This work will continue well into next year in an effort to expand the availability of fast, reliable...

Gilroy Gardens has offered educational programs and youth jobs to thousands of students and generated millions of dollars to the local economy over the past 25 years, according to a recent impact report released by the theme park’s directors and staff.  The inaugural 2024 Gilroy...

With election day approaching, voters have several state propositions from which to choose. Below is a brief description of each of them. For a deeper dive, visit voterguide.sos.ca.gov/propositions. Proposition 2 Public School and Community College Facilities Under Prop. 2, the state would sell a $10 billion bond...

Santa Clara County supervisors voted unanimously today to ask voters to approve new sales taxes that will place half the county in the double digit bracket. The higher taxes are needed to close a projected billion-dollar budget shortfall they say is the result of...