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 As we near year's end, we're all growing anxious to spend time with our loved ones. So in the spirit of brevity, we begin 2022's final issue of the Fremont Economy Monthly with a TL;DR (Too Long; Didn't Read) of this month's stories:
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Register for the December 7 Biocom Spotlight on Fremont Life Sciences event!
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CHIPS Act: What opportunities will this historic legislation present to Fremont industry?
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Going BIG: LAM Research awarded $18.8 million in state grants to support major Fremont expansion
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Truck Yeah! Takeaways from our visit to Fremont autonomous trucking technology company Plus.ai
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Shop Local: Gift Fremont offers digital gift cards that can be redeemed at participating businesses. Find a new small business to support this holiday season!
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Momo & Kebab named one of Top 50 Bay Area Restaurants
The Economic Development team wishes everyone a joyful holiday season and see you in 2023!
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Over the last five years, Fremont's life science sector has grown from 115 to over 150 firms. Fremont is a hub for life-changing innovation and scaling biomed operations, which you can read more about on our refreshed Life Sciences webpage. To better tell our story, Economic Development has partnered with industry association Biocom California to host a Spotlight on Fremont event on Wednesday, December 7 at 10am at the City’s new Downtown Event Center. Come learn why the industry is booming in Fremont, initiatives to recruit local talent, commercial real estate investment opportunities, and how companies in Fremont are contributing to the future of healthcare.
The event is open to all and registration is FREE regardless of Biocom California membership.
Biocom California released their latest Life Science Economic Impact Report, covering key economic, demographic, and industry performance data and analysis across the state. Statewide analysis shows that life science reached record investment numbers, garnering $22 billion in VC, and a 5.8% increase in life science jobs. The EIR also breaks down the numbers by region and County, highlighting the Bay Area's robust workforce representing 4.2 million life science jobs and the region's strength in biotechnology and R&D.
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In August, the Biden-Harris Administration passed the CHIPS and Science Act of 2022, to fulfill semiconductor research, development, manufacturing, and workforce development to boost semiconductor manufacturing in the United States and position the nation as a leader in the industry.
Fremont has a long-standing history in the chips industry and is one of the few remaining cities in Silicon Valley that still have strong ties to the region’s silicon legacy. Today, the City is home to several well-known semiconductor companies, including Lam Research, Seagate, Mattson Technology, and soon-to-be Fremont-based Applied Materials, which will benefit from the bill and will invest nearly $2 billion to develop next-generation semiconductor manufacturing equipment.
To learn more about how Fremont is at the forefront of domestic manufacturing and how the CHIPS Act is already impacting Fremont-based companies, please visit the Think Silicon Valley blog.
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Established in 2013 by the California Governor's Office of Business and Economic Development, the California Competes Tax Credit (CalCompetes) attracts and retains companies in California with $120 million in grants allocated for the 2022-23 fiscal year, fostering innovation and well-paying quality jobs across the state. LAM Research, headquartered in Fremont, has been awarded $18.8 million to help expand their Fremont and Livermore locations to research, develop, and manufacture equipment with the goal of dramatically increasing domestic production of critical semiconductors and microchip manufacturing equipment. This expansion will spur 560 new jobs and represents a $750 million investment between both locations.
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The trucking industry serves as a backbone to our modern economy. According to the American Trucking Association, 72% of all freight transported in the US in 2021 was hauled by trucks, equating to 10.93 billion tons in that year alone. As significant the trucking industry is to our regional and global supply chains, the industry faces a shortage of drivers, higher gas prices, and the continued safety challenges for its workforce and fleets. Autonomous trucking technology company Plus.ai, whose R&D facility is located in Fremont, meets these challenges by making trucking even safer, more fuel-efficient, and more comfortable for drivers. City staff had the opportunity to meet with Plus' Vehicle Operations team to learn about Plus' technology, their latest deployment of their automation product suite PlusDrive, and see the outfitted trucks firsthand. Plus.ai's recent decision to locate and expand in Fremont underscores the City’s strength in offering the desired building typologies, zoning, and affordability of flex/R&D spaces that allow companies like Plus.ai to develop and commercialize their technologies.
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Fremont has over 3,400 small businesses who collectively employ more than 27,000 people - one in every four jobs in Fremont is tied to a small business. Shopping at small businesses keeps the dollars you spend in our community, creating a more local, sustainable, and circular economy. If you are going to do any shopping for the holidays, make sure to support your favorite locale in Fremont, or try something new! We encourage you to check out www.GiftFremont.com, where you can purchase e-gift cards to redeem at participating local merchants.
The Mercury News named Momo & Kebab as one of the 50 best restaurants in the Bay Area. This foodie gem was praised for its delicate, authentic Nepali and Tibetan-style momos bursting with juice and flavor, and other traditional dishes like thenthuk soup with hand-pulled noodles. Located at 37100 Fremont Blvd. Suite K in Centerville district's Artist Walk, they are open Tuesday-Sunday from 11:30am-9:30pm. Momo & Kebab is also a participating merchant in the shop local program Gift Fremont - check out the BOGO specials available for a limited time at www.GiftFremont.com to help your dollars go further!
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Located at 4000 Bay Street in Fremont's Irvington district, Hops & Beans (formerly Hopping Beans) now serves a refreshing selection of hoppy beverages in addition to their usual lineup of coffee, crepes, sandwiches, and more. |
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Need a sushi fix? Sushi Ken recently opened its doors at 39156 Paseo Padre Parkway in Gateway Plaza, receiving rave reviews for their fresh fish and generous lunch portions. |
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Winter is coming and that means more excuses to eat XLB (xiaolongbao - soup dumplings!). Din Ding Dumpling House will open their new location at 3768 Capitol Ave Unit J in Downtown Fremont where guests can enjoy fresh dumplings, noodle entrees, stir fry, and desserts. |
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COMING SOON! Honest Restaurant will soon be opening their doors at 3658 Capitol Avenue in Downtown Fremont where diners can enjoy vegetarian western Indian cuisine. |
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 Dec 7 - Biocom California Spotlight on Fremont Life Sciences Event @ 10am
Dec 7 - Poppy Bank Ribbon Cutting Ceremony @ 12pm
Dec 10 - Mission San Jose Christmas Tree Lighting @ 5pm
Dec 11 - Niles Flying A Classics and Coffee @ 7-11am
NorCal Small Business Development Center offers FREE virtual trainings for small business owners. Click here for the full calendar.
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Dancers celebrate Dia De Los Muertos in Niles on November 6, 2022
The Tri-City Band Performs at the Niles Festival of the Lights Parade on November 25, 2022. Click image for the full video!
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Help the City of Fremont turn your thoughts into actions!
my.fremont.gov
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