Date post: | 20-Jan-2016 |
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Community Economic DevelopmentCraig Scharton, Director
Downtown and Community RevitalizationCity of Fresno
My Background
• Fresno City Council-Tower District• Downtown Property Owner• Main Street Director Pleasanton/Hanford,
President California Main Street• CEO, Central Valley Business Incubator/Water
and Energy Technology (WET) Incubator• Downtown & Community Revitalization• M.S. Community Economic Development
C.E.D Definition
• The study of:
– Areas that have been bypassed by the traditional economic markets
– Efforts to improve the conditions of economically marginalized people and places.
CED History
• The history of efforts to eradicate poverty is generally a history of failed attempts– Industrial Age/Ghettos– War on Poverty– Urban Renewal– Welfare
CED Principles
• People and Place• Community-led• Measurable• Economic Improvement
Current Best Practices
• Dudley Street Neighborhood Initiative• Harlem Children's Zone• Market Creek Plaza
Common CED Tools
• Community Development Corporations (CDC)• Community Development Financial
Institutions (CDFI)• Microenterprise• Financial Literacy• Individual Development Account (IDA)• Homeownership• Land Banks
Community Reinvestment Act
• Investment• Branches• Services• Loans
TED vs. Economic Gardening
• Traditional Economic Development
• Helping the Local Guys
Main Street Program
• Design• Marketing• Economic Restructuring• Organization
• Benefits of associations and networks
What We Are Doing in Lowell
• Coordinate City Departments and Focus City Resources
• Coordinate Neighborhood• Coordinate Partnering Agencies– Nonprofits– Education• CSU, Fresno, FCC, FUSD, FPU
– HA, WIB– Federal Partnership
My House
Final Exercise
• Owner or Renter?
• My Neighbor Tony