![Page 1: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/1.jpg)
CEDS – Community Economic Development
Strategy
Planning for Economic Development Activity in the
CSRA
November 20, 2006
![Page 2: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/2.jpg)
Planning for Economic Activity
I. CEDS – Definition
II. CEDS Components
III. Requirements
IV. Strategy Committee
V. Planning Schedule
![Page 3: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/3.jpg)
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).
![Page 4: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/4.jpg)
CEDS Components
![Page 5: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/5.jpg)
Section 1 – Background
1. 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
![Page 6: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/6.jpg)
Section 2 - Analysis2. 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)
What’s 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.
![Page 7: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/7.jpg)
Section 3 – Goals & Objectives
3. 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
![Page 8: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/8.jpg)
Section 4 – Community & Private Sector Participation
4. 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
![Page 9: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/9.jpg)
Section 5 – Strategic Projects
5. 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 region’s greatest needs including sources of funding
• These can be overarching “themes” for regional economic development success
![Page 10: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/10.jpg)
Section 6 – Plan of Action
6. CEDS Plan of Action– Implements the goals and objectives
(sect. 3)• Includes a methodology for cooperation and
integration with State’s economic development priorities.
![Page 11: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/11.jpg)
Section 7 – Performance Measures
7. 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)
![Page 12: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/12.jpg)
Requirements
• State Approval (GDEcD)
• 30 Day Public Review Period
• Statement of compliance in Partnership Planning application
• Majority Private Participation on Strategy Committee
![Page 13: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/13.jpg)
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.
![Page 14: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/14.jpg)
CEDS Schedule
![Page 15: CEDS – Community Economic Development Strategy Planning for Economic Development Activity in the CSRA November 20, 2006](https://reader035.vdocuments.net/reader035/viewer/2022072015/56649ed35503460f94be2c14/html5/thumbnails/15.jpg)
Your RDC Contact:
• Jason W. Hensley, AICPPlanning & Development Specialist
(706) 210-2000 x120