News and Reports
The Sunnyvale Business Page is a quarterly newsletter published by the Economic Development Division. The newsletter provides information on City services and more to help Sunnyvale business owners.
BUSINESS PAGE NEWSLETTER - WINTER 2013
Articles
Sunnyvale’s Aaa Credit Rating
Celebrating over 30 years in Business in Sunnyvale
New Businesses in Sunnyvale
Major Development Projects
Lawrence Station Area Plan
Sign Code Updates
Downtown Update
Solstice
Carmel
Events
NOVA Workforce Development Services
SBA and Partners’ Business Resources
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Citing the City's exceptionally strong budget management and financial profile, Moody's Investors Services has confirmed Sunnyvale's Aaa issuer credit rating. Sunnyvale is one of only eight California cities to hold Moody's highest rating. The agency initiated a review of 32 California cities, including Sunnyvale, in October 2012. Their review of Sunnyvale concluded with a report issued January 18 noting that the City is economically outperforming the state and nation and projecting that Sunnyvale will continue to maintain an exceptionally strong fiscal profile. Standard & Poors also confirmed their highest AAA credit rating for Sunnyvale in May 2012.
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Altamira Corp
BP Management, Inc.
Barrett Marilyn/Aa Hair Nair Salon
Castillo & Castillo
Charles Schwab Co.
Cutting Edge Machining, Inc.
Dial-A-Maid
Diesner Kurt W Realty
I R C Testing Consul
Kuhlmann Arms
Molcscan Electric Company
Montermoso Associates
Nakamura Leasing
Northern Cal Trading
Steward Upholstery
The Lion & Compass
Trips & Travel/Sai Travels
Twinson Company
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Our business community continues to thrive with over 290 applications received during the fourth quarter of 2012. We are excited to announce the following new businesses with 10 or more employees that opened recently or are scheduled to open locations in Sunnyvale in the next few months.
10X Technologies Inc.
Boudin/SF
Carbonite, Inc.
Chaat Bhavan
Cliqr Technologies Inc.
Domino's Pizza Store
Island Hospitality West Coast Regional Office
Wahoo's Fish Tacos
Economic Development staff can assist you in finding a new location or during an expansion project. Contact staff at econdev@sunnyvale.ca.gov or 408-730-7607.
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The City has received many applications for new developments throughout Sunnyvale. This includes Jay Paul Company's projects along Bordeaux Avenue for 9 new office buildings offering over 1.9 Million square feet and a new 7-story office building along Crossman Avenue. Other exciting projects in Sunnyvale can been seen Downtown and along El Camino Real. Downtown projects include Carmel Lofts and Solstice. These are both mixed-use and will offer over 42,000 square feet of retail with 413 apartment units. The largest El Camino Real project is SummerHill and is located at 660 W. El Camino Real. This project will include a 145-room hotel and 103 residential townhomes.
Additional exciting projects include the new Palo Alto Medical Foundation 120,000 square foot medical clinic located at 301 Old San Franciso Road and Linkedin's new campus under construction at 505 N. Mathilda Avenue. The new campus will have 612,072 square feet with two 6-story and one 4-story office buildings along with a 5-story parking garage.
These projects continue to show that Sunnyvale is an exciting place to be for our business community as well as new mixed-use projects which will offer residential units that are conveniently located near services utilized by our residents.
To review updates on current projects, visit Community Development's Planning Division Web page at www.Sunnyvaleplanning.com and view their Development Updates report. You may also contact our Planning staff at 408-730-7444.
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The Lawrence Station Area Plan will investigate options and identify strategies for maximizing benefits for Sunnyvale that come from the area’s proximity to Lawrence Caltrain Station.
The goals of the effort are intended to transform the station area, broaden and strengthen the range of viable transportation choices, and encourage efficient use of available land and infrastructure.
- Create a unique sense of place within the station area
- Identify opportunities for higher-density development near the station
- Encourage mixed-use in proximity to transit with active ground floor uses
- Develop reduced parking standards and innovative alternatives for TOD projects
- Provide connectivity through multi-modal transportation options
- Respect and preserve the existing character of surrounding residential neighborhoods
- Improve access and visibility to and from the station
- Identify necessary infrastructure improvements to support increased development
The vision and policies in the final plan will guide future development in the area and help assure a successful station area.
For more information, contact Planning staff at 408-730-7444 or visit our Web site at http://lawrencestationinsunnyvale.org/
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The City is holding a meeting to discuss potential revisions to the City Sign Code. Staff will make a presentation followed by discussion and questions. Your participation is encouraged.
When: Wednesday, April 3, 2013
Time: 8:30 a.m.
Place: Council Chambers, 456 W. Olive Ave, Sunnyvale CA 94086
City Council authorized this study to make the sign code easier to use, current to today’s sign code issues, and sensitive to business needs.
Information from this outreach meeting will be presented to the City Council when they consider the issue in May, 2013.
Staff contact: Andrew Miner, Principal Planner, 408 730-7707, aminer@sunnyvale.ca.gov
Visit our website at: signcode.inSunnyvale.com
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Solstice
BRE Properties continues construction on Solstice, which will be a mixed use project with 280 residential units and approximately 34,000 square feet of ground floor retail. The project area for Solstice is surrounded by Aries Way; West Washington Ave; Frances Ave and Olson Way (See map). The project is on schedule and is tentatively scheduled to be completed in December 2013.
Underground utility work will continue on the streets surrounding the project. This may require temporary lane and street closures throughout the process. Currently, Olson Way between Aries Way and Taaffe St. is closed and is scheduled to remain closed until August 2013 to complete construction of Solstice.
If you have any questions regarding the construction project, please contact:
Jeff Kifer
Project Manager
Douglas Ross Construction, Inc.
925-640-6076
jeffk@rossconstruction.com
For questions regarding leasing of the apartments, visit BRE Properties, Inc.’s Web site.
For questions regarding future retail space, contact SRS’s Randol Mackley at 408-216-2316 or Bruce Frazer at 408-216-2315.
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Carmel Lofts
Carmel Lofts is a mixed use development that will be adjacent to Plaza del Sol between Frances St. and Olson Way. It will consist of two buildings comprised of 133 apartments and 8,000 square feet of ground floor retail space.
Project site excavation has commenced. Street and lane closures will be required to complete underground utility work.
If you have any questions, please contact Carmel Partners’ Arnold Keith at 408-481-9195.
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Events
Every Saturday: Urban Village Sunnyvale Farmers’ Market
9 a.m. to 1 p.m. www.urbanvillageonline.com/markets/sunnyvale.php
May 11, 2013: Magic of Sunnyvale-Downtown Wine and Food Stroll
Sunnyvale Downtown Association
www.Sunnyvaledowntown.com
For event details, visit the listed Web sites or visit Sunnyvale’s event calendar at Events.inSunnyvale.com.
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Upgrade Employees' Skills for Less $$$
NOVA is partnering with the California Workforce Association to connect you to training resources to offset the cost of upgrading your employees' skills. Stay competitive and lessen the need for layoffs by leveraging this exciting new Employment Training Panel (ETP) program.
- For-profit employers are eligible (except retail and other strictly local service companies)
- Most types of formal training are allowable to advance your employees' skills
- Training may range from a minimum of 24 hours to a maximum of approximately 200 hours
- Trainees must be full time and earn about $16 per hour or more including health benefits
- Trainees must remain on the job for 90 days after completing training in order for employer to receive training reimbursement.
To learn more, contact a NOVA Business Liaison: 408-730-7232 or visit NOVA's website.
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NOVA Youth Job Listing Service
Need energetic, young workers at your business/organization? Find fresh talent through NOVA’s Youth Employment Office! Reach out to hundreds of local youth (ages 16-24) at no cost!
- Announce your staffing needs with Youth@Work, NOVA’s online job database.
- Publicize your hiring events on our Facebook fan page.
- Participate in our seasonal job fairs.
- Connect to NOVA’s youth community partners.
For more information, contact 408-730-7640 or visit http://youthatwork.org/
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The Small Business Administration (SBA) partners with several non-profit groups to provide free and low-cost resources to the business community. Some of the resources include classes at The San Jose Entrepreneur Center. Additionally, SBA works closely with other partners to provide free business counseling as well as small business financing. Seminars and events fill up quickly so online registration is requested. For additional class information, visit them at http://www.sanjoseecenter.org.
Small Business Administration Partners Present…
A weekly feature of small business community events offered by resource partners, other organizations and groups outside of the San Jose Entrepreneur Center:
Lending Resource Partner News:
Opportunity Fund START-UP Funding Challenge 2013
First year in business? Starting something new? We want to fund it.
Loans from $5K - $50K – One-time $500,000 fund for start-ups…..
Opportunity Fund START-UP Funding Challenge 2013 ends 3/31/13.
Visit www.opportunityfund.org/startup for qualification requirements (some exclusions apply) and application process.
Free Small Business Counseling by Appointment…..Call or Click
*SV Small Business Development Center @ 408-351-3600 or www.svsbdc.org
*Small Business Development Center Hispanic Satellite @ 408-248-4800 or www.sbdchc.org
*SV SCORE @ 408-453-6237 or www.svscore.org
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