https://www.siliconvalley.com/2024/10/01/san-jose-approves-incentive-plan-to-lure-office-tenants-back-downtown/

San Jose city leaders have signed off on a plan to attract new businesses downtown — including a two-year business tax exemption — hoping that the short-term benefits offered will lead to long-term growth and vibrancy.

The leasing incentive program, which will go into effect on Jan. 1, includes a temporary business tax exemption for new owner-operators and tenants that lease at least 2,500 square feet of office space for a minimum of four years. The program also includes two free parking spots per 1,000 square feet for the first two years, bringing the potential savings for large businesses up to hundreds of thousands of dollars.