Place-Based
Strategies
Concentrate Multiple Investments
Use this page to learn how place-based tools can layer both public and private investment to propel your regional community economic development vision. Contact the CPBS place-based specialist to learn how to use various place-based tools to support equitable economic development in your community.
What are place-based economic development strategies?
Place-based economic development strategies are initiatives to encourage economic and community development activity in defined geographic areas. Many communities have started emphasizing place-based strategies to strengthen hyperlocal activities around physical place, economic conditions and social infrastructure. Place-based economic development strategies include a variety of approaches to incentivize investment in disadvantaged communities, including funding for infrastructure & public facilities, job creation & workforce development, affordable & workforce housing, and more.
District Types
Community Facility Financing
Local governments can implement various tools, like tax increment financing (TIF) or special taxes, to finance the planning and construction of public infrastructure and community facilities. Some tools enable jurisdictions to finance additional activities, such as the planning and construction of affordable housing or the provision of facility or municipal services.
Regulatory Streamlining
Regulatory streamlining districts enable local agencies to establish an area-wide regulatory evaluation system that covers qualifying individual projects within the defined boundary. These districts enable local agencies to incentivize desired project types (e.g., affordable housing) by removing project-based environmental reviews for developments that meet established criteria.
Placemaking
Placemaking districts provide physical, digital or other enhancements to support economic and cultural development. Supported activities may include increased maintenance, marketing or branding, and events.
State-Enabled Districts
Business Improvement Districts (BID)
PLACEMAKING DISTRICTS
Community Revitalization & Investment Authorities (CRIA)
COMMUNITY FACILITY FINANCING
Affordable Housing Authorities (AHA)
COMMUNITY FACILITY FINANCING
Housing Sustainability Districts (HSD)
REGULATORY STREAMLINING
Infrastructure Financing Districts (IFD)
COMMUNITY FACILITY FINANCING
Workforce Housing Opportunity Zones (WHOZ)
REGULATORY STREAMLINING
Climate Resiliency Districts
COMMUNITY FACILITY FINANCING
Community Facilities Districts (CFD)
COMMUNITY FACILITY FINANCING
Enhanced Infrastructure Financing Districts (EIFD)
COMMUNITY FACILITY FINANCING
Annexation Development Plan Area (ADP)
COMMUNITY FACILITY FINANCING
Infrastructure and Revitalization Financing Districts (IRFD)
COMMUNITY FACILITY FINANCING
Neighborhood Infill Finance and Transit Improvement Districts (NIFTI 1 and 2)
COMMUNITY FACILITY FINANCING
Seaport Infrastructure Financing Districts (SIFD)
COMMUNITY FACILITY FINANCING
Cultural Districts
PLACEMAKING DISTRICTS
Federal Districts
Opportunity Zones
Opportunity Zones (OZs) are economically distressed census tracts as defined by federal Internal Revenue Code. The program is a federal initiative that provides tax incentives designed to spur economic development and job creation in these economically distressed communities through preferential tax treatment for those investing certain eligible capital gains into OZs.
Promise Zones
Promise Zones are high poverty communities where the federal government partners with local leaders to create jobs, increase economic activity, improve educational opportunities, leverage private investment, reduce serious or violent crime, enhance public health and address other priorities identified by the community.
New Market Tax Credit Zones
The New Market Tax Credit Program incentivizes community development and economic growth through the use of tax credits that attract private investment to distressed communities.
California Community & Place-Based Solutions
1325 J St., Suite 1800
Sacramento, CA 95814
Tel: 877-345-4633
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Produced in Partnership with the U.S. Economic Development Administration
