What is a CDC?  A community development corporation (CDC) is a not-for-profit organization incorporated to provide programs, offer services and engage in other activities that promote and support community development. CDC’s usually serve a geographic location such as a neighborhood or a town. They often focus on serving lower-income residents or struggling neighborhoods. They can be involved in a variety of activities including economic development, education, community organizing and real estate development. These organizations are often associated with the development of affordable housing.

Objectives and Purposes: The objectives and purposes of this corporation shall be to engage in economic development activities that lead to and promote community revitalization in the Stockton Blvd Commercial corridor; and facilitates the implementation of the District’s Community Economic Development Plan and strategy including but not limited to:

Increase Tax Base: The additional revenue by economic development supports, maintains, and improves infrastructure, such as roads, parks, libraries, and emergency medical services. By increasing the number of businesses in our area we will then increase our BIA funds (tax on business licenses) in which the Stockton Blvd Partnership receives.

• Job Development: Economic development provides better wages, benefits, and opportunities for advancement.
• Business Retention: When businesses are supported and appreciated by the community they are more likely to stay in the neighborhood and contribute to the economy.
• Economic Diversification: A diversified economic base helps expand the local economy and reduces a community’s vulnerability to a single business sector.
• Self Sufficiency: A stronger economic base means public services are less dependent on intergovernmental influences and alliances.
• Productive Use of Property: Property used for its “highest and best use” maximizes the value of the property.
• Quality of Life: More local tax dollars and job s raise the economic tide for the entire community, including the overall standard of living of the residents.
• Recognition of Local Products and Services: Successful economic development often occurs when locally produced goods and services are consumed and utilized in the local market to a greater degree.

Governing Body: The CDC is governed by a Board of Directors, which meet Quarterly on the 2nd Wednesday of January, April, June, and October. There shall be a minimum of 5 Directors, but no more than 9. The Board consists of 4 officers: President, Vice President, Treasurer, and Secretary.

Next Board Meeting: January 10, 2017 at 3 PM – Stockton Blvd Resource Center 5625 Stockton Blvd, Sacramento, Ca 95824