The Comprehensive Economic Development Strategy (CEDS) contributes to effective economic development in America’s communities and regions through a locally-based, regionally-driven economic development planning process. Economic development planning – as implemented through the CEDS – is not only a cornerstone of the U.S. Economic Development Administration’s (EDA) programs, but successfully serves as a means to engage community leaders, leverage the involvement of the private sector, and establish a strategic blueprint for regional collaboration. The CEDS provides the capacity-building1 foundation by which the public sector, working in conjunction with other economic actors (individuals, firms, industries), creates the environment for regional economic prosperity.
Simply put, a CEDS is a strategy-driven plan for regional economic development. A CEDS is the result of a regionally-owned planning process designed to build capacity and guide the economic prosperity and resiliency of an area or region.. It is a key component in establishing and maintaining a robust economic ecosystem by helping to build regional capacity (through hard and soft infrastructure) that contributes to individual, firm, and community success. The CEDS provides a vehicle for individuals, organizations, local governments, institutes of learning, and private industry to engage in a meaningful conversation and debate about what capacity building efforts would best serve economic development in the region. The CEDS should take into account and, where appropriate, integrate or leverage other regional planning efforts, including the use of other available federal funds, private sector resources, and state support which can advance a region’s CEDS goals and objectives. Regions must update their CEDS at least every five years to qualify for EDA assistance under its Public Works and Economic Adjustment Assistance programs. In addition, a CEDS is a prerequisite for designation by EDA as an Economic Development District (EDD).
The NADO Research Foundation has announced “An Afternoon with the CEDS,” a half-day, interactive training workshop on March 21, 2018 in Arlington, VA immediately following NADO’s Washington Policy Conference. At this free workshop, you will have the opportunity to:
- Learn the latest best practices and approaches to CEDS planning, development, and implementation
- Problem-solve your CEDS challenges with peers
- Discover approaches to infuse economic resilience and diversification strategies into your CEDS
- Hear from EDA staff about the latest news and funding opportunities
- Explore data tools available to support your CEDS planning
The workshop will be held at the Marriott Crystal Gateway (the same location as the Washington Policy Conference) from 12:00 to 5:00 p.m. Registration for the workshop will open in January. A limited number of travel stipends will be available on a first-come-first-served basis to go towards an additional hotel night. More information and a draft agenda will be available once registration opens. This workshop is part of NADO Research Foundation’s Stronger CEDS, Stronger Regions program, supported through a grant from the U.S. Economic Development Administration. We hope you can join us for what should be an informative and interactive afternoon! Please e-mail Program Manager Brett Schwartz at email@example.com with any questions.