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$180,000 Gift Establishes Hugh Codding Entrepreneur-in-Residence at Sonoma State

February 24, 2012 10:00 AM

FOR IMMEDIATE RELEASE
February 23, 2012

$180,000 Gift Establishes Hugh Codding Entrepreneur-in-Residence at Sonoma State

Rohnert Park, CA: School of Business and Economics dean, Dr. William Silver, announced a gift of $180,000 to establish the Hugh Codding Entrepreneur-in-Residence at Sonoma State University in front of a packed room at the annual Economic Outlook Conference today. "Hugh Codding, one of Sonoma County's most successful businessmen, embodied the spirit of entrepreneurship," noted Silver. "He recognized opportunity, created successes, and through it all, he gave back to his community."

The funding for the Hugh Codding Entrepreneur-in-Residence will support a business entrepreneur to help build an "entrepreneurship pipeline" from local schools into Sonoma State, and then from the University into the North Bay Innovation Hub and the regional economy. The Hugh Codding Entrepreneur-in-Residence will also act as a champion for entrepreneurship and its importance in a healthy North Bay economy. "We look forward to working with innovation partners and successful companies like Trivascular, the Buck Institute, and regional R&D firms, and will foster innovation in niches unique to the North Bay like our organic foods cluster, wine, solar and water, and medical technology," Dean Silver explained.

"Our support for entrepreneurship at Sonoma State is a logical match. At Codding, we're interested in building sustainable communities and we need young entrepreneurs with the skill and drive to launch the businesses that will make these communities thrive," noted Brad Baker, President of Codding Enterprises.

Hugh built his first house on speculation and later parlayed his $400 Navy discharge pay into development projects, eventually building one of the state's first under-one-roof shopping centers and creating Montgomery Village and Coddingtown. He also took his innovative approach to other ventures including savings and loans, title companies, and a weekly newspaper. 

Connie Codding, president of the Codding Foundation added, "Hugh had a vision; he built a successful company, and also our community. We're pleased to create the Hugh Codding Entrepreneur-in-Residence at Sonoma State to grow the next generation of entrepreneurs who can have a positive impact in the region and beyond."

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For more information, please contact: Annemarie Brown, 707-664-2221, annemarie.brown@sonoma.edu


About Sonoma State University School of Business and Economics

Sonoma State University School of Business and Economics' vision is to be the educational nucleus of a thriving North Bay economy. Its mission is to create extraordinary learning experiences for our students and to advance best business practices in the North Bay and beyond. With undergraduate, graduate, and executive programs serving over 1500 students each year and concentrations in Accounting, Finance, Management, Marketing, Wine Business, and Economics, the School offers the most in-demand degree on the Sonoma State campus. The School of Business and Economics is accredited by AACSB (the Association to Advance Collegiate Schools of Business), making it one of 15% of all business schools in the world to meet these standards of excellence. For more information, visit www.sonoma.edu/sbe.  

About Codding

Codding is an investment holding company with investments in commercial real estate, a commercial construction company, alternative energy and a subsidiary that develops deeply sustainable mixed-use communities. One of its largest is Sonoma Mountain Village, a planned 200 acre, mixed-use, solar powered, zero waste community, internationally recognized as the first One Planet Community in North America and one of the World's Greenest Neighborhoods.Founder Hugh Codding was a Navy Seabee who altered the course of post-World War II California Wine Country becoming a legend in residential and commercial development. In the 60's the company built one of the first modern suburban malls on the West Coast. Time Magazine featured Hugh as a rising star of the post-war boom.Today, Codding is led by visionaries Brad Baker and Lisa Codding. They, along with a team of experts and professionals, work together in making strategic decisions with respect, trust and vision for the environment. Visit www.codding.com for more information.

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