A recent report ranks Silicon Valley among the slowest growing retail markets, though experts say there’s hope for the region’s economic future.
A report compiled by banner company Printastic compared retail growth for the nation’s 50 largest metropolitan areas. The report lists the San Jose metropolitan area as No. 45 and found there’s been a nearly 3% decline in retail businesses established in the region from 2020 to 2024. The top ranked metro area is Nashville, Tennessee. The San Jose metropolitan area includes Santa Clara and San Benito counties.
Experts say the environment for small businesses is dire, with a lack of accessible housing shrinking the possible workforce and changing economic conditions making it more difficult for businesses to gain footing…