Milpitas Business Assistance Resources

Office of Economic Development 

October 24, 2022 

The Office of Economic Development releases its latest Constant Contact message to the Milpitas business community. This message updates you on funding programs for small businesses, Milpitas' Sixth Annual Manufacturing Day and upcoming workshops and other events. We look forward to staying in touch with you.

The U.S. Treasury Department has allocated $1.2 billion to the State of California as part of Treasury’s State Small Business Credit Initiative. These funds are meant to help states address challenges small businesses face in securing financing.

These funds will be split between the Small Business Loan Guarantee program, the Collateral Support Program and the California Capital Access Program (CalCAP) for Small Business.  

IBank seeks to enroll more lenders in the Small Business Loan Guarantee Program. The list of lenders already participating is available on IBank’s Participating Lenders webpage. 

IBank expects to launch the new Expanding Venture Capital Access program by year's end. Those interested in the VC program can sign up to stay informed on IBank’s Venture Capital webpage. 

The Bay Area Air Quality Management District and IBank announced the statewide expansion of the Climate Tech Finance program. 

The Climate Tech Finance program has supported $21 million in loans, focusing on Bay Area companies and projects. By expanding the program statewide, entrepreneurs and small businesses across California will have access to the Air District’s impact evaluation and IBank’s loan guarantee of up to 80% of the loan principal or $5 million, whichever is less.

The Climate Tech Finance program is a first-of-its-kind finance partnership designed to accelerate the growth of small businesses working to reduce greenhouse gas emissions. As part of its goal of a post-carbon Bay Area by 2050, the Air District developed the program in partnership with IBank and the Northern California Financial Development Corporation in 2018.

Virtual Manufacturing Job Fair

The Association of Manufacturers Bay Area and the Bay Area Community Colleges Consortium are hosting a virtual manufacturing job fair Wednesday, October 26 from 2:00 PM to 5:00 PM. This free event will feature employers from the aerospace, medical, food & beverage, transportation, wine, chemical, and metals processing industries. Some of the job opportunities include:

    • Computer-aided Design (CAD) 

    • Machinists

    • Electronic, maintenance, production and quality control technicians

    • Welders

    • Warehousing

    • Assemblers

    • Drivers

To register and learn more about this free event, compete the registration form.

Free Small Business Workshops Hosted by Start Small Think Big!

October is National Learning & Development Month and Start Small Think Big is teaming up with experts, entrepreneurs, and partners for specialized workshops and networking events related to legal, finance, and marketing. Visit the Start Small Think Big to register for an event and more info. Start Small Think Big is a nonprofit organization dedicated to helping small businesses thrive.

626 Mini Night Market at the Great Mall

The 626 Mini Night Market at Great Mall's parking lot is open Saturdays and Sundays in October from 1:00 PM to 10:00 PM. The market features three dozen local, street food chefs, merchandise, crafts vendors, and live music. A limited number of free general admission tickets are available for each event date. Visit 626nightmarket.com for more information.

If you have questions or need assistance, please visit our website or contact the Office of Economic Development via email. Assistance is available in English, Chinese, Spanish, Tagalog, Vietnamese, and other languages. The pandemic has created hardship for Milpitas families and businesses alike. Please know that we stand with you as you navigate your way out of the pandemic.

City of Milpitas 

Crossroads of Silicon Valley