Stockton awards development funds to spur job creation

0
0

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.

SHARE
Previous articleHouse authorizes French Camp veterans facility
Next articleModesto company selects new vice president
The mission of the Central Valley Business Journal is to be most trusted local source of positive business news in San Joaquin and Stanislaus counties. We provide value to our readers by helping them grow their businesses, grow their careers, and increase their bottom line through a comprehensive set of vehicles, which include print, digital and local events. We strive to provide exceptional customer service to help you grow your business.

LEAVE A REPLY

Please enter your comment!
Please enter your name here