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

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

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

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

placemaking icon

Business Improvement Districts (BID)

PLACEMAKING DISTRICTS

community icon

Community Revitalization & Investment Authorities (CRIA)

COMMUNITY FACILITY FINANCING

community icon

Affordable Housing Authorities (AHA)

COMMUNITY FACILITY FINANCING

regulatory icon

Housing Sustainability Districts (HSD)

REGULATORY STREAMLINING

community icon

Infrastructure Financing Districts (IFD)

COMMUNITY FACILITY FINANCING

regulatory icon

Workforce Housing Opportunity Zones (WHOZ)

REGULATORY STREAMLINING

community icon

Climate Resiliency Districts

COMMUNITY FACILITY FINANCING

community icon

Community Facilities Districts (CFD)

COMMUNITY FACILITY FINANCING

community icon

Enhanced Infrastructure Financing Districts (EIFD)

COMMUNITY FACILITY FINANCING

community icon

Annexation Development Plan Area (ADP)

COMMUNITY FACILITY FINANCING

community icon

Infrastructure and Revitalization Financing Districts (IRFD)

COMMUNITY FACILITY FINANCING

community icon

Neighborhood Infill Finance and Transit Improvement Districts (NIFTI 1 and 2)

COMMUNITY FACILITY FINANCING

community icon

Seaport Infrastructure Financing Districts (SIFD)

COMMUNITY FACILITY FINANCING

placemaking icon

Cultural Districts

PLACEMAKING DISTRICTS

Federal Districts

opportunity zone

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.

LEARN MORE
promise zone

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.

LEARN MORE
new market tax credit

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.

LEARN MORE

California Community & Place-Based Solutions
1325 J St., Suite 1800
Sacramento, CA 95814
Tel: 877-345-4633
Email the Team | About Us
Produced in Partnership with the U.S. Economic Development Administration