Title
Dept./ Agency: Office of the Mayor
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Memorandum of Understanding
Purpose: To research and strategize a plan on how to implement a Guaranteed Income Program within the City of Newark.
Entity Name: Reinvent Stockton Foundation Income
Entity Address: 110 North San Joaquin Street, Stockton, California 95202
Grant Amount: $100,000.00
Funding Source: Reinvent Stockton Foundation and Mayors for a Guaranteed Income
Total Project Cost: $0.00
City Contribution: $0.00
Other Funding Source/Amount: $0.00
Contract Period: September 1, 2020 through December 31, 2021
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
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WHEREAS, historically, Black and Brown people have been and continue to be severely underpaid economically, and underrepresented in the United States; and
WHEREAS, despite the United States being one of the wealthiest nations in the world, Black and Brown individuals in our urban cities, such as the City of Newark, live at or below the poverty line; and
WHEREAS, the Reinvent Stockton Foundation (RSF), 110 North San Joaquin Street, Stockton, California 95202, established in January 19, 2017 is premised on the principle that everyone needs and should have an income floor through having a Guaranteed Income Program; and
WHEREAS, a Guaranteed Income Program would enable recipients to provide for their most critical needs, as well as provide a cushion for unforeseeable expenses, crises and emergencies; and
WHEREAS, RSF is the fiscal sponsor of the Stockton Economic Empowerment Demonstration ("SEED") launched by Mayors for a Guaranteed Income ("MGI"), a non-profit ...
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