At CLTRE, we believe in building communities where economic opportunity is available to everyone—especially those historically excluded. Through our programs, we aim to drive inclusive economic development, ensuring that growth benefits all members of the community, regardless of background. Below are five powerful strategies for fostering inclusive economic development, along with how CLTRE puts these ideas into action.
1. Community-Led Transformative Real Estate Projects for Inclusive Economic Development
Transformative real estate projects put the power of development back in the hands of the community. At CLTRE, we’ve shared that we have acquired our first property along the Del Paso Blvd corridor, which, is a significant step forward in our mission. This project will feature workforce housing and community spaces, designed to reflect the culture and needs of local residents. By focusing on community-led development, we ensure that revitalization efforts benefit those who live in the area, creating long-term economic stability and preventing displacement.
2. Supporting Small and Minority-Owned Businesses to Drive Inclusive Growth
Inclusive growth means creating opportunities for BIPOC entrepreneurs. Our programs, like CLTRE Club and the Reimagine Retail Program, offer business owners the chance to sell their products in local storefronts while providing essential training and mentorship. Small businesses are the backbone of economic health in our neighborhoods, and we ensure they have the support they need to succeed. By providing access to microloans, grants, and business development resources, we make it easier for minority-owned businesses to thrive and contribute to the local economy.
3. Workforce Development and Job Training for Economic Empowerment
We understand that economic empowerment starts with a well-prepared workforce. CLTRE is committed to finding partners who offer training and development opportunities for underrepresented individuals. Programs like EveryDay Creative, which focuses on equipping BIPOC entrepreneurs with the skills they need to launch successful ventures, ensure that individuals from marginalized communities are prepared to take advantage of new job opportunities in growing industries like tech, green energy, and creative services.
4. Affordable Housing Initiatives for Inclusive Economic Development
Housing affordability is crucial for community stability. Our CLTRE Keeper Program focuses on empowering families to buy homes, with down payment assistance and financial education as key components. The goal is not just to put people in homes but to create long-term stability for generations. Programs like this ensure that families aren’t displaced as their neighborhoods grow and develop, providing them with the opportunity to invest in their futures.
5. Public-Private Partnerships: Key to Sustainable Development
Partnerships are vital to sustainable community development. CLTRE works with various organizations, including U.S. Bank and the City of Sacramento, to fund programs like the CLTRE Keeper First-Time Homebuyer Program. These collaborations allow us to leverage resources, ensuring that our initiatives are both effective and scalable. Together, we can amplify the impact of inclusive economic development by combining public funds and private expertise.
At CLTRE, we’re building a future where everyone has the opportunity to benefit from economic growth. By supporting small businesses, fostering affordable housing, and providing the tools for community-led development, we create resilient neighborhoods that work for everyone. Contact us today to learn more about how you can be a part of this journey toward inclusive economic growth.
