Coworking network, Launch Pad chooses Stockton to boost economy with its creative coworking spaces
National coworking network Launch Pad proudly opened its newest location in Stockton on June 1, 2019. Launch Pad’s flagship location opened in New Orleans in 2009 and, after closing seed round funding to grow its national network, has since opened locations in Newark, Nashville and Memphis in the last year—with Stockton being the next city where Launch Pad will provide world-class coworking space, resources and community to help entrepreneurs and small businesses grow and thrive. Launch Pad has acquired the former coworking spaces Huddle Cowork and Create. Through this acquisition, Launch Pad will bring their proven model of funding, business growth support and technical assistance and national networking opportunities for small businesses that are part of the coworking space.
“Launch Pad has over 10 years of proven success building strong entrepreneurial ecosystems in the cities where they open their doors and I know that Launch Pad Stockton will be no exception. Launch Pad’s decision to open in the city of Stockton validates our hard work and commitment to creating a vibrant and thriving business environment in Stockton,” said Mayor Michael D. Tubbs. “As I’ve gotten to know Launch Pad’s team, I’m excited about their intention to support businesses and communities designated as Opportunity Zones because of the need for purposeful investment in these areas. Their selection of Stockton is a huge step in helping provide the resources needed to further drive the success and strength of this city as well as all the people who live and work here.”
Since its inception in 2009, Launch Pad members have created over 5,000 jobs, raised $160 million in capital and graduates have leased 600,000 square feet of new office space. It’s this success that Launch Pad is looking to replicate in Stockton. As part of this expansion, Launch Pad will be investing in upgrading the former Huddle space and will bring their national network of resources and talent into the heart of the Belding Building for all community members to leverage.
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