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California Enterprise Zone Enables Compton's Economic Expansion
The city of Compton has been known as one of the most dangerous neighborhoods in the country, however ever since the area was designated as a California Enterprise Zone in 2006, the city has been in the midst of a rapid economic expansion. With national chains moving into the area on a regular basis, many visitors would not even recognize this once feared region. And one of the key factors in this growth has been the tax benefits given through the California EZ.
Newsweek recently featured this fantastic growth, here is a quote from the article, “And that vacant lot off the freeway? Thanks in part to Compton’s designation as an enterprise zone in 2006, it’s been replaced by a $65 million suburban strip mall, whose palm trees and flower beds give it a look more reminiscent of Orange County than South Central. “Compton is a fundamentally different place,” says Stanford University historian Albert Camarillo, a Compton native who is working on an oral history of his hometown. “It’s one of these communities that’s really in the throes of change.”
Compton’s economic growth appears to only be starting. With new businesses moving into the area with regularity, it seems only a matter of time until this neighborhood begins to lose its stigma as an area filled with crime and violence, and become a city attractive to businesses and citizens alike.
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