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News and thoughts from our staff

 
Business Spotlight: Pape Kenworth

Business Spotlight: Pape Kenworth

By Brittney Sherman

Previously a NorCal Kenworth location, Papé Kenworth now serves the South Bay for primarily truck maintenance and parts, with an ancillary focus on truck sales. Serving a wide range of clients, they service all types of heavy-duty trucks including freight haulers, fleet vehicles, garbage trucks, and farm equipment. Papé Kenworth employs 24 people and is currently looking to hire three additional technicians.

Learn more about Pape Kenworth HERE.

 
Special event trends in 2024

Special event trends in 2024

By Brittney Sherman

Event management company and online ticketing platform powerhouse Eventbrite recently released their list of the top event trends to watch in 2024. Events centered around health and wellness, connecting with nature, sober-curiosity, and VIP packages topped the list, along with a focus on disconnecting from virtual events and increasing adventurous experiences.

 
Morgan Hill generates 2% sales tax growth in Q3

Morgan Hill generates 2% sales tax growth in Q3

By Brittney Sherman

Morgan Hill’s 3rd quarter 2023 sales tax results showed 2% growth, while the Bay Area and California were down 3% and 1.6% respectively. Morgan HIll’s major contributors were from the Auto/Transportation, Food/Drug, Building/Construction and Business/Industry sectors. The City’s top 25 sales tax producing businesses grew a collective 17%, accounting for approximately 61% of all sales tax revenue generated into the General Fund.

Read the 2-page shareable report HERE.

 
California's budget shortfall

California's budget shortfall

By Brittney Sherman

Governor Newsom announced a $37.9 billion deficit to California’s 2024/25 fiscal year budget. Newsom proposed to cover approximately 50% of the gap with reserve funding and another 33% by cutting planned spending in various sectors. High interest rates, reduced home sales, decreased start-up business investment, and the delay in the state income tax filing deadline have all been listed as contributing factors.

Read the full article in the Morgan Hill Times HERE.

 
Leading the retail expansion race

Leading the retail expansion race

By Brittney Sherman

Even in the midst of inflation, supply chain, and post-pandemic recovery challenges, several retail brands aggressively expanded in 2023. A recent article in Footwear News identified these sporting goods, discount, and retail chains as the front runners for expansion in 2024:

Academy Sport + Outdoors

BootBarn

Dick’s Sporting Goods

Dollar General

Five Below

Macy’s

Nordstrom Rack

REI

Rothy’s

Uniqlo

Read the full article HERE.

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