CEDS

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CEDS Community Economic Development Strategy

• Planning for Economic Development Activity in the
  CSRA
• November 20, 2006

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Planning for Economic Activity

1. CEDS Definition
2. CEDS Components
3. Requirements
4. Strategy Committee
5. Planning Schedule

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CEDS Definition

• What is a CEDS?
• A CEDS is a comprehensive planning document that
  guides regional economic development activities
  and is a requirement for receiving Federal
  funding through the Economic Development
  Administration (EDA).

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CEDS Components
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Section 1 Background

• Background paints a realistic picture of the
  current condition of the region
• Economy
• Population
• Geography
• Workforce Development and Use

• Transportation Access
• Resources
• Environment
• Other Issues

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Section 2 - Analysis

• Analysis of Economic Development Problems and
  Opportunities
• Strengths Weaknesses
• Problems Opportunities
• Identify past, present, future economic
  development investment strategies
• Identify analyze economic clusters within the
  region (new)

• Whats an Economic Cluster?
• A cluster is a geographic concentration of
  competitive firms in related industries that do
  business with each other. Each cluster includes
  companies selling primarily outside the region,
  as well as support firms supplying raw materials,
  components and business services. These groups
  of companies that compete or interact with each
  other are more important to the region's well
  being than any single, isolated firm no matter
  how strong or influential it may be.

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Section 3 Goals Objectives

• Goals Objectives Defining Regional
  Expectations
• Goals are broad, primary regional expectations
• Objectives are more specific than goals, clearly
  measurable, and realistic considering a 5-year
  time frame

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Section 4 Community Private Sector
Participation

• Community Private Sector Participation (New)
• Must discuss the relationship between the
  community in general and the private sector in
  the development and implementation of the CEDS

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Section 5 Strategic Projects

• Strategic Projects, Programs Activities
• Suggested Projects and the projected number of
  jobs to be created as a result
• Lead organizations responsibilities for executing
  the projects
• Vital Projects (New) a prioritized list of
  programs, projects, and activities that address
  the regions greatest needs including sources of
  funding
• These can be overarching themes for regional
  economic development success

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Section 6 Plan of Action

• CEDS Plan of Action
• Implements the goals and objectives (sect. 3)
• Includes a methodology for cooperation and
  integration with States economic development
  priorities.

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Section 7 Performance Measures

• Performance Measures quantifiable (New)
• Number of jobs created after implementation of
  the CEDS
• Number and types of investments undertaken in the
  region
• Number of jobs retained in the region
• Amount of private sector investment in the region
  after implementation of the CEDS
• Changes in the economic environment of the region
• (This list is not exhaustive and the region
  should add its own quantitative and qualitative
  measures)

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Requirements

• State Approval (GDEcD)
• 30 Day Public Review Period
• Statement of compliance in Partnership Planning
  application
• Majority Private Participation on Strategy
  Committee

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CEDS Strategy Committee

• The Planning Organization (RDC) must appoint a
  Strategy Committee.
• The Strategy Committee
• Represents the main economic interests of the
  Region,
• Must include Private Sector Representatives as a
  majority of its membership, and
• The Planning Organization should ensure that the
  Strategy Committee includes public officials,
  community leaders, representatives of workforce
  development boards, institutions of higher
  education, minority and labor groups, and private
  individuals.

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CEDS Schedule
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Your RDC Contact

• Jason W. Hensley, AICP
• Planning Development Specialist
• [phone] x120
• jhensley_at_csrardc.org