The city’s proposed policy offers tax breaks and parking permits to attract new businesses to downtown, addressing high vacancy rates and supporting post-pandemic recovery.
Yacanex Posadas expressed support for the incentives, highlighting that easing parking expenses could significantly impact decisions for businesses ready to move into office space.
Russell Hancock noted that office spaces of 2,500 square feet can accommodate about 12 employees, making them suitable for small businesses looking to expand.
Hancock referred to downtown San Jose's current challenges as a 'new paradigm,' emphasizing the need for innovative solutions to attract smaller businesses amid high vacancy rates.
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