HP, the company that literally started Silicon Valley is moving to Texas

Hewlett-Packard traces its origins to 1938, when Bill Hewlett and Dave Packard rented a garage in Palo Alto, California. Now, HP Enterprises, a descendant of the pioneering company, is moving to Texas.

a person standing in front of a building: A pedestrian walks past Hewlett-Packard Enterprise Inc. headquarters in Palo Alto, California, U.S., on Monday, May 22, 2016. Hewlett-Packard Enterprise Inc. is scheduled to release earnings figures on after market on May 24. Photographer: David Paul Morris/Bloomberg via Getty Images

© David Paul Morris/Bloomberg/Getty Images
A pedestrian walks past Hewlett-Packard Enterprise Inc. headquarters in Palo Alto, California, U.S., on Monday, May 22, 2016. Hewlett-Packard Enterprise Inc. is scheduled to release earnings figures on after market on May 24. Photographer: David Paul Morris/Bloomberg via Getty Images

The company announced its move Tuesday. Houston is currently Hewlett-Packard Enterprises’ largest US employment hub, and the company is constructing a new campus in the city. HPE will also consolidate a number of its Bay Area sites to its San Jose campus. The move won’t result in any layoffs.

HPE’s move to Texas is hardly a new concept in the tech world. It’s the largest — but just the latest — tech

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Northern California county to pay $10 million after shooting, paralyzing Silicon Valley software engineer

By OLGA R. RODRIGUEZ | The Associated Press

SAN FRANCISCO  — A Northern California county has agreed to pay nearly $10 million to settle a lawsuit by a Silicon Valley software engineer who was having a mental health crisis when a deputy shot him, paralyzing him from the waist down.

Placer County agreed to pay Samuel Kolb, 50, and his family $9.9 million to settle a lawsuit the family filed after a deputy shot him twice on Jan. 14, 2018, inside a North Lake Tahoe rental cabin where Kolb and his teenage son were vacationing, Kolb said.

“There’s a measure of relief in not having to go through this and not having to put my family through any more legal challenges. But I would trade all the money plus interest to have my old life back, to not have gone through this and put my family through this, to have

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Hewlett Packard Enterprise moving headquarters from Silicon Valley

One of the Bay Area’s oldest tech companies is moving its headquarters out of Silicon Valley.

Houston will be home to the new headquarters of Hewlett Packard Enterprise. A company press release said Houston is an attractive market to recruit and retain future diverse talent and is where the company is currently constructing a state-of-the-art campus.

The company will keep the current campus in San Jose and will consolidate a number of sites in the Bay Area to this location.

“The global pandemic has forced businesses to rethink everything from remote work and collaboration to business continuity and data insight,” President and CEO Antonio Neri said in the company’s fourth-quarter earnings release.

No layoffs are associated with this move. There are almost 5,992 employees in the Bay Area, according to LinkedIn.

As more companies shift to permanent remote work, Bay Area companies are reconsidering large office footprints. In August, Pinterest

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The Next Silicon Valley Will Have No ZIP Code

As of May 2020, Silicon Valley was home to 2,000 tech companies — the greatest concentration anywhere in the world. Between 2011 and 2019, Silicon Valley startups received more than $113 billion of funding. Add in an incredible concentration of talent generating and building on innovative ideas plus top tech corporations hungry to gobble up new companies, and it’s been an environment impossible to emulate anywhere else in the world.

But times are changing, and Silicon Valley’s reign as an epicenter of technology innovation is coming to an end. In 2019, startups in the Bay Area saw a decrease in new funding, from $63.6 billion to $45.9 billion, while funding deals outside of Silicon Valley have been slowly increasing in recent years.

Pam Springer, an Ohio-based serial entrepreneur, startup advisor and investor, says there are clear signs that the startup ecosystem is becoming more geographically diverse.

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Akron to weigh $40 million housing development in Merriman Valley

Akron’s top planning official is recommending the approval of a conditional-use permit that would pave the way for development of the former Riverwood Golf Course site in the Merriman Valley.

Developer Sam Petros, CEO of Petros Homes in Broadview Heights, said he plans to build 197 housing units on the site, most of them townhomes for lease, at a cost of about $40 million. Petros said he is partnering with Medina-based Pride One Construction for the project, with Petros as managing partner. They expect to close on a purchase of the land, located at 1870 Akron-Peninsula Road, the week of Nov. 16, he said.

The developers need the conditional-use permit to build housing on the site, which is zoned for commercial use.

The proposed project would be built in clusters of four, six and eight townhomes, each between about 1,300 square feet and 1,600 square feet in size, Petros said,

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COVID-19 is hitting Black-owned Silicon Valley businesses hard

After Californians passed Proposition 209 more than 20 years ago, preventing hiring managers and admissions officers from considering race in public education, contracting and employment, Walter Wilson co-founded the Minority Business Consortium. Based in San Jose, the group aims both to support minority- and women-owned businesses across California and to increase diversity at major companies, government agencies and academic institutions.

That task has become even more crucial amid the ongoing coronavirus pandemic, which has hit Black and Latino residents of the Golden State especially hard and forced many businesses to shutter or scale back dramatically.

Q: Tell me about the Minority Business Consortium

A: We all know that the racial disparities, particularly economic disparities, are real and they always have been, historically particularly for women, Latinos and Blacks. Women in the state only get paid about 80 cents on the dollar of White men and these are White women.

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