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CEDS Corner

CEDS: Comprehensive Economic Development Strategy

 

The latest news from the CEDS Committee:

 

Local regional leaders attend the CEDS kickoff meeting on October 30, 2012 in Appleton. The group will meet three more times over the next year.

 

The CEDS kickoff meeting gives local regional leaders an opportunity to review survey results from the region. These results, along with goals and strategies to address them, will be included in the new CEDS plan.

 

What is CEDS?

A comprehensive economic development strategy (CEDS) is designed to:

  • Bring together the public and private sectors
  • Create an economic roadmap to diversify and strengthen regional economies
  • Analyze the regional economy
  • Serve as a guide for establishing regional goals and objectives
  • Develop a regional plan for implementation and action
  • Identify investment priorities and funding sources.

A CEDS document is required by the U.S. Department of Commerce Economic Development Administration (EDA) in order to maintain Economic Development District (EDD) status which the UMVRDC holds for the five counties in Region 6W. This EDD status allows the UMVRDC to work with local units of government to apply for funding through EDA for public works and planning projects.

Keep an eye out for the following opportunities to provide community input and ensure your community’s projects are on EDA’s project list! (If community projects are not included in the plan they will not be funded through EDA.)

  • County Meetings – encourage local residents, business and community leaders to get involved and attend one of these sessions to help format the new vision for the CEDS update
  • ED Pro’s Meetings – These are offered several times a year, with agenda’s that focus on timely topics for city staff, county staff and economic development professionals throughout the region, the CEDS Update will be a natural fit on the agenda and will look for critical feedback from attending professionals.
  • Website Updates – for all the latest demographic analysis stay tuned to www.umvrdc.org.

 

Have questions about CEDS? Contact our office directly at 320/289-1981.