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With continued new developments in technology, increased demand in commercial and residential development, and a thriving Downtown, now is the time to start a business in Mountain View. Mountain View is the center of the Silicon Valley and a critical hub for the technology community. The Chamber of Commerce Mountain View works with companies to supply opportunities for growth. For those who are considering locating your business to Mountain View, consider this pitch from the Chamber as reasons to be our latest neighbor:
Mountain View’s AAA Credit Rating
The City of Mountain View achieves its high standards of excellence, as evidenced by the city’s continued AAA credit rating by Standard & Poor’s, one of the nation’s top credit rating agencies. The reason for the credit rating is clear: Mountain View’s track record of strong financial operations enhanced by sound financial policies, a solid and diversified local tax base and Mountain View’s low debt burden, high property values and personal income levels.
Business Real Estate
By mid 2006, business office rental rates have been reduced to an average of $2.26 a square foot for full service, thereby increasing the number of opportunities for businesses to find great locations. For net rents, R&D space is currently as low as 50 cents. Currently there is 260,000 square feet of office space and 40,000 square feet of retail space available for businesses and business developers. Mountain View has over 5,000 business–from sole proprietorships to large corporations. (source: Naibt Commercial)
Business Incubator/Life Sciences
Mountain View has been and continues to be an incubator for businesses. In 2006, the city has had $202 million of funding, representing 4% of the nation’s total venture capital funding ($5.3 billion nationwide). Mountain View is also seeing one of the biggest increases in Life Science companies–from 40+ to 67 in the past year. Companies such as Boston Scientific, Neuropace, and ChemoCentryx have added to Mountain View’s cachet as one of the country’s largest Life Science backbones. (source: the city’s Economic Development’s periodic review, Volume 1 Issue 2)
Downtown Mountain View
Mountain View’s pedestrian-oriented downtown is a destination point, offering cuisine from scores of countries, as well as specialty shops, bookstores, coffeehouses, and sidewalk cafes.
Mountain View is full of year-round, fun-filled festivals and events where admission is free, such as the Annual Art & Wine Festival, held the weekend after Labor Day. Weekend events such as the Farmer’s Market and a myriad of summer festivals provide a lively engaging environment. Information is usually available one month prior to event date. Check this website’s Calendar page for updates, or the Downtown Guide for ideas and parking map.
Mountain View’s Housing and Transit Oriented Development
Referred to as Smart Growth, Mountain View concentrates housing and jobs near transit while achieving design excellence and creating livable neighborhoods and parks. The City of Mountain View achieved such a development: the Efficiency Studio project at San Antonio loop area, offering 120 units of affordable housing for those who want to live and work in Mountain View. The site is 500 yards from the Caltrain station and within a quarter mile of four bus routes.