Comstock's magazine 0619 - June 2019 | Page 85

special supplement K nown more for its residential neighborhoods and school sys- tem than its incubators and start- ups, Elk Grove doesn’t expect to be the next Silicon Valley, but that hasn’t kept the city from investing in tech com- panies. In 2016, the city granted $27,000 to InnoGrove, a coworking space that opened in 2015, one step toward fostering a col- laborative ecosystem for entrepreneurs and tech-oriented startups. And Elk Grove already has a tech presence. Apple owns and operates a nearly 800,000-square- foot campus within the city and an- nounced in November 2018 a $4.2 million, 24,000-square-foot expansion. Alldata, an online resource for automotive origi- nal equipment manufacturer information, was founded by two Elk Grove residents in 1986 and has operated in the city ever since, even after Fortune 500 company AutoZone purchased it in 1996. Elk Grove Economic Development Direc- tor Darrell Doan believes other local startups could have similar success as Alldata with the right support. “We have Alldata, so why aren’t we doing more? Some call us a sleepy sub- urb, and we’re not known as a business location with a thriving tech base, but if you look at tech companies, they usu- ally start with a couple founders in a garage, and Elk Grove has like 70,000, so we’re good there,” Doan says. “But why not sell Elk Grove as part of this up-and-coming Sacramento region as a lower-cost alternative to traditional Cali- fornia tech locations like San Francisco and Silicon Valley? One of the ways we can do that is to develop an incentive program.” So in August last year, the City of Elk Grove announced the Startup Elk Grove Incentive Program, which will award $150,000 in grants to three tech-oriented startups in May. Doan says the program also will offer assistance in the form of site searching and expedited building permits. As for equity, Doan says, “We don’t take a piece. We give you the cash, but you must operate in Elk Grove.” While it’s unusual for a city to invest in tech startups, Doan believes it’s worth the risk. “Some people think it’s not a good use of government funds, and that’s a fair criticism,” he says. “But look at Ap- ple. It anchors a suburb. If we could find just one company that has that unicorn potential, then that’s how we grow a cor- porate base: from within, with early sup- port for those companies. The goal is to create a greatly diversified economy with some great corporate anchors that have come through our program.” “IF YOU LOOK AT TECH COMPANIES, THEY USUALLY START WITH A COUPLE FOUNDERS IN A GARAGE, AND ELK GROVE HAS LIKE 70,000, SO WE’RE GOOD THERE.” — Darrell Doan, economic development director, Elk Grove Some companies hoping to receive city support include JobLove, an ear- ly stage startup that uses dating-app technology to pair employees with employers; SensorTransport, a logistics- network company that uses a cloud- based system to monitor freight transport; and InnoGrove. “Elk Grove is typically not the first place people think of for tech startups, but it’s a collaborative community,” says InnoGrove founder Steve Barnett. “The high cost of living in the Bay Area has caused people to look for other options to live. I’ve got reasonably affordable hous- ing, I’ve got a great school system, I’ve got great parks — it’s a great place to be.” June 2019 | comstocksmag.com 85