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Investing in San José’s Economy

Mayor Reed is committed to fostering a business-friendly environment that will ensure San José remains the Capital of Silicon Valley and a driving force in our global economy. He has strongly advocated for the city's Economic Strategy, promoted strategic initiatives to attract and retain businesses and championed land use policies that preserve employment lands. During Mayor Reed's tenure:

• Several driving industry companies - including major employers like Brocade, Ericsson and PwC - have moved to or expanded in San José. These companies represent about 9,000 jobs created/retained. View a partial list of companies.
• The City has worked at the speed of business and made measurable improvements in the development permitting process.
• San José has become a global center of clean technology, attracting more than 4,000 green jobs. Read about San José's Green Vision.
• San José's economy has shown signs of recovery from the Great Recession, posting year-over-year job growth in 2010.

Learn more about the competitive advantages of doing business in our city at www.ChooseSanJose.com .

City Adopts Economic Development Initiatives

POSTED: 2/15/2012
Last month, the City Council voted unanimously to approve new incentives to encourage employers to expand and create jobs in San José.

"Our actions today signal to the market that San José is committed to working with our corporations and developers to stimulate private investment that will retain and attract jobs," Mayor Reed said. "San José is open for business." The new incentives:

• Lower construction taxes for office, Research and Development, and other job-generating developments;
• Lower traffic-impact fees for new development in North San José;
• Reduce regulations impeding development in North San José;
• and Add staff to process planning and building permits, ensuring that San José can move at the speed of business.

San José currently has more than 9 million square feet of vacant office/R&D space in Downtown, North San José and Edenvale. North San José - home to global industry leaders including Brocade, Cisco and eBay - has 300 prime, vacant acres available for development.

For those interested in starting a new company, looking for a new location or expanding operations, visit ChooseSanJose.com .

Other Recent Economic Development News

San José City Council Unanimously Votes To Spur Jobs and Economic Development - POSTED: 2/1/2012
The San José City Council today took four critical steps to encourage employers to locate jobs in Northern California’s largest city. Read more

Flextronics to move U.S. Headquarters to San Jose - POSTED: 1/19/2012
Flextronics USA has disclosed that it will move 500 workers and its U.S. headquarters to San Jose, an indication that the surge of tech expansions has begun to widen. Read more in the San Jose Mercury News

San Jose City Council Adopts Envision 2040 General Plan - UPDATED: 12/21/2011
On November 1, the City Council approved the Envision San Jose 2040 General Plan, a major element of which is accommodating up to 470,000 new jobs and achieving a 1.3:1 Jobs to Employed Resident (J/ER) ratio by 2040. Learn more about the 2040 General Plan

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