City of Compton

MISSION STATEMENT

The mission of the Successor Agency formerly known as the Community Redevelopment Agency is to expand and diversify the economic base of the community by eliminating neighborhood blight and assembling land for the utilization of job-producing and revenue-generating retail, commercial, and industrial developments, while fostering homeownership opportunities; ultimately creating a viable and sustainable community that enhances the quality of life for our residents and business community.

OVERVIEW

The Successor Agency formerly known as the Community Redevelopment Agency serves as the economic development engine of the City, focused on restoring economic vitality and creating wealth in the community. The Agency’s objective is to implement the City Council’s policy of fostering growth by utilizing tax increment revenues, leveraged with additional funding sources and financing mechanisms to address the causes of market failure and facilitate projects that enhance the quality of life and increase the economic base of the community. The Agency is an agent of change; creating physical and social infrastructures that stimulate growth, enhance the community and provide a return on investment to the City of Compton’s residents and businesses. The Agency undertakes this effort by employing a variety of leveraging tools that attract private investment to the community. With each new infrastructure, residential, retail, commercial and industrial development project, the Agency actively facilitates job development to ensure that Compton’s residents enjoy the full benefit of community revitalization.

CONTACT INFORMATION