News/Blog

January 18, 2023

EIDL loans reopen for businesses affected by recent flooding

By Brittney Sherman

As a result of the Major Disaster Declaration in the wake of the recent storms, Economic Injury Disaster Loans (EIDL) have now been approved for storm impacted businesses located in San Mateo and Santa Clara Counties. EIDLs are working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period, which began on December 27, 2022.

Review the fact sheet to learn more and start your application HERE.

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

January 17, 2023

Projects in the pipeline for Morgan Hill in 2023

By Brittney Sherman

Looking for an update on significant residential, commercial, and industrial projects in Morgan Hill’s pipeline? For a brief description and status update on all citywide projects, review the significant projects slide presentation HERE.

Weekly reports from the City's permit tracking system of planning applications will be posted every Monday. These applications are not considered complete as the City has 30 days from the date of submission to determine an application complete or incomplete. A project page and significant project slide are not created until an application is considered complete. Review previous and current weekly reports HERE.

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

January 17, 2023

Arena football team makes Morgan Hill their home

By Brittney Sherman

Morgan Hill is now the official home of the Bay Area Panthers! After many months of discussions, Hall of Fame Coach Darren Arbet and the Bay Area Panthers have decided to “choose” Morgan Hill as their home location for the 2023 Indoor Football League (IFL) Season! The (23) person team and coaching staff will live and train in Morgan Hill, and play all games at the San Jose SAP Center. To learn more about the team and upcoming season, we invite you to attend a free “Meet the Coach” event on January 26 at 5:30 p.m. at the Community & Cultural Center.

Read the full Press Release and learn more about the Bay Area Panthers HERE.

Have questions? Contact Visit Morgan Hill Executive Director Krista Rupp at krista.rupp@visitmorganhill.org

January 09, 2023

What's the CHIPS and Science Act of 2022?

By Brittney Sherman

Semiconductors were invented in the U.S. however the nation’s hold on the industry has been on a steady decline. In 1990, the U.S. accounted for around 40% of global semiconductor fabrication capacity, but by 2019, that number had dropped to about 11%. Within the U.S., California has long been the top state in the nation for the semiconductor industry, providing 63,251 semiconductor jobs and being the home to 626 semiconductor manufacturing establishments.

In 2022, $50 billion was allocated to the Department of Commerce to support a range of programs focused on strengthening and revitalizing U.S. semiconductor research, development, and manufacturing. The three main initiatives of the CHIPS for America program are: large scale investment in leading edge manufacturing, new manufacturing capacity for mature and current-generation chips/new and specialty technologies/industry suppliers, and strengthening U.S. leadership in R&D. California semiconductor companies can currently leverage a variety of incentive and workforce development programs, including the California Competes Tax Credit and Research & Development Tax Credit, but it’s not enough. To bridge the gap, the CHIPS program will offer additional incentives to spur greater California semiconductor investment and expansion, while also supporting American workers.
 
Visit the Go-Biz resource page to learn more about details on available state programs, data, updates, and news on all things CHIPS.

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

January 05, 2023

Minimum wage increases to $15.50 regardless of employee count

By Brittney Sherman

Effective January 1, 2023, California’s minimum wage increases to $15.50. Where minimum wage has previously differed between employers with 25 employees and under and employers with 26 employees and over, in 2023 the wage rate is consolidated across the board. Most employers in California are subject to both the federal and state minimum wage laws. Although several cities across the state have adopted ordinances which establish a higher minimum wage rate for employees working within their local jurisdiction, the City of Morgan Hill follows the standard federal and state wage requirements.

Learn more about California’s minimum wage HERE.

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

January 05, 2023

$120 million in tax credits now available

By Brittney Sherman

Has your company expanded or added quality, full-time jobs in California in the past year? If so, you might be eligible to receive a tax credit through Go-Biz and the Cal Competes program. A total of $304,727,233 in California tax credits has been allocated over three rounds during the 2022-2023 fiscal year. This second round of credits represents the largest of the three, allocating up to $120 million. Applications for round two are now being accepted through Monday January 23. Learn more about the CalCompetes Tax Credit program HERE and start your online application HERE.

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