Economic Development Subsidy2025 Annual ReportCity Council MeetingJuly 7, 2026Agenda Item 9.1 BackgroundAB 562 effective January 1, 2014
Requires local governments report economic development subsidies over $100,000Current Reporting Period – 2025 Comprehensive report of all qualifying programs
Stockton Economic Stimulus Plan (SESP)Public Facility Fee Reduction for Non-Residential ProjectsGreater Downtown Stockton Residential Development Public Facilities ExemptionDowntown Infill Infrastructure ProgramOffice and Industrial Sales Tax Incentive Program Qualifying Programs (≥ $100,000 Subsidy)
Subsidy Amounts
GRAND TOTAL FOR ELIGIBLE PROGRAMS = $12,001,272.44
$9,601,678.44
$178,830.00 $- $-$2,220,764.00 $- $2,000,000.00 $4,000,000.00 $6,000,000.00 $8,000,000.00 $10,000,000.00 $12,000,000.00
SESP PFF NON-RESIDENTALGREATERDOWNTOWNPROGRAMINFILL SALES TAX
MILLIONS
2025 Employment Tracking
SESP RECIPIENTS REQUIRED TO HIRE AT LEAST 50% STOCKTON RESIDENTS OFFICE AND INDUSTRIAL SALES TAX INCENTIVE PROGRAMNumber of Jobs Created: 836. Number of Jobs Created: 94.(Create or retain a minimum of 10 full-time equivalent (FTE) jobs) Recommendation
Accept the Economic Development Subsidy 2025 Annual Report; and Authorize the City Manager to take appropriate and necessary action to carry out the purpose and intent of this motion.