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Community Economic Development

Community Economic Development. Craig Scharton, Director Downtown and Community Revitalization City of Fresno. My Background. Fresno City Council-Tower District Downtown Property Owner Main Street Director Pleasanton/Hanford, President California Main Street

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Community Economic Development

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  1. Community Economic Development Craig Scharton, Director Downtown and Community Revitalization City of Fresno

  2. 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

  3. 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.

  4. 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

  5. CED Principles • People and Place • Community-led • Measurable • Economic Improvement

  6. Current Best Practices • Dudley Street Neighborhood Initiative • Harlem Children's Zone • Market Creek Plaza

  7. Common CED Tools • Community Development Corporations (CDC) • Community Development Financial Institutions (CDFI) • Microenterprise • Financial Literacy • Individual Development Account (IDA) • Homeownership • Land Banks

  8. Community Reinvestment Act • Investment • Branches • Services • Loans

  9. TED vs. Economic Gardening • Traditional Economic Development • Helping the Local Guys

  10. Main Street Program • Design • Marketing • Economic Restructuring • Organization • Benefits of associations and networks

  11. 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

  12. My House

  13. Final Exercise • Owner or Renter? • My Neighbor Tony

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