Morgan Hill sales tax generation year-over-year was down 4.5% largely due to a decline in recreational auto sales and a misallocation in the Business and Industry Group back in 2023. When compared to this same quarter last year, the State was down 0.2% and the Bay Area was down 2.2%, however Santa Clara County was up 2.5%
Read the full report HERE.
The Economic Development Team was honored to be a guest presenter at the July 17, 2024 Rotary Club of Morgan Hill Luncheon. Director Matt Mahood took a deep dive into the four key areas outlined in the Economic Development Blueprint: jobs/industry, retail, tourism, and healthcare.
Review PowerPoint Part #1 HERE
Review PowerPoint Part #2 HERE
Every week approximately 2.5M Gen Alphas are born resulting in this group of future adults’ spending power being greater than that of Millennials and Gen Zers combined. To best capitalize on this group of future consumers, food and beverage businesses should focus on sustainable practices, healthy choices, brand integrity, digital-first marketing, and clean labels.
Read the full article in the USA Food Navigator HERE.
Approximately 107,100 jobs have been created in the State of California during the first 6-months of the 2024 year, a number more than double what was created over this same period last year. Of those, 22,500 jobs were created in the month of June alone. Across the 11 industry sectors in the state, 7 of them grew in employment offerings.
Happy 4th of July Morgan Hill Business Community! We hope you are enjoying your Summer so far.
In this Economic Development eNewsletter, you will find noteworthy Citywide news, business support information, new businesses opening soon, and upcoming Community activities. We thank you for continuing to choose Morgan Hill and encourage you to reach out if there is anything we can assist you with.
Read the 2Q2024 Economic Development eNewsletter HERE
In a collaborative effort to build a stronger, more inclusive community, Morgan Hill gathered diverse local residents to discuss the crucial connection between affordable housing and a thriving community. The insightful conversations explored the challenges and opportunities surrounding housing affordability, economic mobility, and fostering a sense of belonging for all residents. The City aims to harness these diverse perspectives to create a path toward upward mobility for all community members, ensuring everyone has access to safe, affordable housing and the opportunity to succeed.
Watch the video HERE.
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