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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;
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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
A10 Networks Expands to New Headquarters in San Jose - UPDATED: 5/22/2012
A10 Networks has announced that it has expanded its corporate headquarters to 3 West Plumeria Drive in San Jose. Read more 
LSI, Advantest bring HQs to N. San Jose - POSTED: 4/4/2012
LSI Corporation and Advantest America, Inc. have announced that they will consolidating and relocating their headquarters in North San Jose. Read more in the Silicon Valley / San Jose Business Journal 
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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