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.
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
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5625 Stockton Blvd
Sacramento, CA 95824