STOCKTON
ECONOMIC
DEVELOPMENT SUBSIDY
2021 ANNUAL REPORT
City Council Meeting
April 19, 2022
Agenda Item 16.2
Background
AB 562 effective January 1, 2014
Requires local governments report
economic development subsidies
over $100,000
Current Reporting Period – 2021
Comprehensive report of all
programs
Qualifying Programs
( $100,000 Subsidy)
Stockton Economic Stimulus Plan
(SESP)
Public Facility Fee Reduction to
Non-residential Projects
Greater Downtown Stockton
Residential Development Public
Facilities Exemption
Downtown Infill Infrastructure
Program
Office and Industrial Sales Tax
Incentive Program
Additional Programs Reported
(<$100,000 Subsidy)
Storefront Beautification
Microgrant
Stocked Full of Produce Grant
Industrial Development Bonds
(IDBs)
Lien Forgiveness Program
(Commercial)
Commercial Emergency Grant
Program
Commercial Façade Improvement
Forgivable Loan
Small Business Relief Grants
Downtown Financial Incentive
Program
Eligible
vs. Non-
Eligible
Subsidy
GRAND TOTAL
$23.6 MILLION
$21.3M
$2.3M
2021
Eligible
Non-Eligible
Eligible Programs
GRAND TOTAL FOR ELIGIBLE PROGRAMS = $21.3 MILLION
SESP PFF Non-
Residential Downtown Infill Sales Tax
Subsidy $12,299,983 $3,618,823 $118,890 $0 $5,240,032
Total Recipients 1 1 5104
$12,299,983
$3,618,823 $118,890
$0
$5,240,032
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
2021
Employment
Impacts
SESP recipients to
hire at least 50%
Stockton Residents
1,465 Jobs
(746
Stockton
Residents)
Small Business Relief
Grant focus on
Covid related job
retention
706
full-time
+ 563
part-time
Job creation data tracking is
not required by the remaining
reported programs
Staff Recommends
Accept the Economic Development
Subsidy 2021 Annual Report; and
Authorize the City Manager to take
appropriate and necessary action to
carry out the purpose and intent of this
motion.