With plans for sustainable development in energy, aquaculture, and international communication, the Samoa Peninsula and Humboldt Bay have the potential to redefine their national significance. The largest community on the peninsula, the historic town of Samoa, just developed a new affordable housing complex, and is in the process of developing additional residential, commercial, and recreational areas. The peninsula has long been home to large industrial manufacturing, such as the old pulp mill, but now has plans to redevelop this infrastructure towards new more sustainable industries.
The State of California created Enhanced Infrastructure Financing Districts in 2014 as a tool for local governments to finance infrastructure projects and improvements as a replacement for state redevelopment funding. EIFD’s do not impose new taxes, but instead rely on tax increments through a re-appropriation of future property tax growth from interested agencies and jurisdictions.