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$12.5 million in low interest loans available for recycled-content product manufacturers

The Department of Resources Recycling and Recovery (CalRecycle) adminissters a Recycling Market Development Zone Loan Program to encourage California-based recycling businesses to site new manufacturing facilities and expand existing operations.

This program provides low-interest loans for the purchase of equipment, machinery and other relevent business costs such as working capital, real estate purchases (maximum $1,000,000) and real estate improvements.

The interest rate is equal to the State's Surplus Money Investment Fund (SMIF) but no less than 4.00%.

For more information email Frank Ferral at the Greater Stockton Chamber of Commerce: fferrall@stocktonchamber.org

Wholesale Food distributor to open Stockton Branch

A Watsonvilled-based wholesale distributor of processed food products is investing more than $1.6 million  to open a Stockton branch.

Imperial Sales Company has purcahsed a 30,000 square foot facility in east Stockton to grow its operations and be close to one of its key suppliers.

Imperials Sales Company services institutional and commercial customers.

Community Fuels awarded $4.9 million grant for expansion at Port of Stockton

Community Fuels awarded $4.9 million grant for expansion at Port of Stockton

The California Energy Commission (CEC) has awarded a $4.9 million grant to Community Fuels to support the expansion of its advanced biorefinery at the Port of Stockton.

Community Fuels co-founder & CEO Lisa Mortenson says the grant will allow them to  expand production capabilities to meet anticipated demand for low carbon fuels expected as a result of the CA Low Carbon Fuel Standard.

Community Fuels has been in operation since 2008, assisted in its location by the San Joaquin Partnership, a non profit, private economic development organization serving and marketing San Joaquin County, CA .

Community Fuels is one of the largest continuously operating advanced biorefineries in the Western United States.  Its customers include major oil companies, petroleum refiners and bulk fuel distributors.

 

Family Financial Cents: The Art of Living Grateful

Family Financial Cents: The Art of Living Grateful

 

The presents are all unwrapped and now it’s time to see things through the Lens of Thankfulness. Take a look at this quick video for tips on how to learn the Art of Living Grateful and how it can bless you and your family now and throughout your life. Be sure to share your thoughts on Living Grateful below!!

 

California startup businesses get a $300 million break

California sales tax officials have eliminated security deposits for many new retailers and early next year will begin releasing some of the nearly $300 million in such assurances back to the business owners.

The state law had required the retailers post and maintain a tax security deposti for  thier first three years. Corporation and limited-liability companies were required to place deposits ranging from $2,000 to $50,000.

The Board of Equalization voted unanimoulsy Tuesday to elimate that automatic requirement.  The Board, which oversees sales and use-tax policies, said the cost of administering the program outwiehged the benefits.

"It's about time the started thinking about business," said Stockton chamber COE Douglass Wilhoit. He commented that he had considered the program a "money grab".

Director of the San Joaquin Delta College Small Business Development Center Nate McBride said it could make a big difference to new retailers.

$60 Million in Training Funds Available to California Business Owners

Funds for workforce training is immediately available from the Employment Training Panel (ETP). The funds originate through employer contributions into the Unemployment Insurance Fund, and are intended to address the training needs of private, for-profit employers.

"These are your tax dollars, being returned to you for use in your business," said Renee Pierce, ETP marketing coordinator. "Business owners assess their training needs and determine what training they want to provide," Pierce explained.

$25,000 Grant to help Stockton Startups

The Downtown Stockton Alliance has received a $25,000 Grant from PG&E that will be used  as start-up funding for 10 new technology businesses.

The startup ventures will receive help through the Café Co-op incubator at 235 N. San Joaquin Street.

The startups will receive  help with developing business plans, legal and tax advice, marketing plans, paying for license fees, equipment, utilities and office space.