Stockton awards development funds to spur job creation

June 22, 2016

 

STOCKTON — Five local organizations that provide small business programs to entrepreneurs and start-up businesses in Stockton will split $111,600 in funding from the city. In a first-of-its-kind initiative, the City of Stockton Economic Development Department awarded the grants in a process that began in January and ended with approval by the city council on May 24.

Among those receiving money, the Downtown Stockton Alliance will get $30,000 to support the opening of the Bricks & Mortar art-and-retail incubator space on the ground floor of the B&M Building.

Huddle Cowork will get $36,000 to launch an “Entrepreneur-in-Residence” Program to provide opportunities for start-up companies, along with office space and a range of networking opportunities.

Goodstock Productions got $10,000 to expand the popular Stockmarket events downtown. The Small Business Development Center at San Joaquin Delta College got $15,000 to help area start-ups and entrepreneurs.

Stockton Impact Corps received $20,000 to provide assistance and microlending to local small businesses.

The initiative was made possible by grant funds from the U.S. Department of Housing and Urban Development.

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