Comprehensive Economic Development Strategy (CEDS)

A Comprehensive Economic Development Strategy (CEDS) is the result of a local planning process designed to guide the economic growth of an area. The CEDS process will help create jobs, foster more stable and diversified economies, and improve living conditions. The strategy provides a mechanism for coordinating the efforts of individuals, organizations, local governments, and private industries concerned with economic development.

Additionally, a CEDS plan is required to qualify for Economic Development Administration (EDA) assistance under its public works, economic adjustment, and other planning programs, and is the prerequisite for designation by EDA as an Economic Development District (EDD).

The CEDS plan includes the following strategies:

* An analysis of economic and community development problems and opportunities including incorporation of any relevant material or suggestions from other government sponsored or supported plans

* Background and history of the economic development situation of the area covered, with a discussion of the economy, including as appropriate, geography, population, labor force, resources, and the environment

* A discussion of community participation in the planning efforts

* A section setting forth goals and objectives for taking advantage of the opportunities and solving the economic development problems of the area serviced

* A plan of action, including suggested projects to implement objectives and goals set forth in the strategy; and performance measures that will be used to evaluate whether and to what extent goals and objectives have been or are being met.

Download CEDS 2012 Word Document fileHERE

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