Stockton partners with Home Depot to boost local economy

In March 2025, the City of Stockton in California announced a significant partnership with Home Depot, set to last for 20 years. This initiative is expected to generate nearly $1 million per year for the city, marking a crucial step in its efforts to stimulate economic growth. Mayor Christina Fugazi highlighted the potential for this partnership to attract new businesses to Stockton through an incentivized point of sale program initiated in 2014, which encourages industrial sales tax incentives. The new distribution center, which is currently under construction at the port, is anticipated to be operational by October 2026. This center will not only provide logistical advantages due to its location but will also allow Home Depot to operate without some special taxes, further enhancing its appeal. Stakeholders believe this could lead to significant job creation within the city, providing a crucial boost to the local economy. Frank Ferral, the chief policy officer for the Greater Stockton Chamber of Commerce, expressed optimism about the partnership, stating that it would unleash a trickle-down effect, benefiting local businesses and residents alike. The project is seen as a win for the public, the city's administration, and Home Depot, setting the stage for improved economic conditions in Stockton. This partnership reflects Stockton's commitment to revitalizing its economy and providing opportunities for its residents. As the new center nears completion and begins operations, the community expects to see positive changes through increased employment and further investment in local programs, including potential reallocations to recreational programs funded by unspent allocations from the partnership.