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ADC PROGRESS REPORT QUARTER 2 OF 2017 ENDING JUNE 30REPORT HIGHLIGHTS Continued work on the Anchorage Comprehensive Economic Development Strategy a key player in helping shape the Anchorage economy

How to fill out comprehensive economic development strategy

How to fill out comprehensive economic development strategy

1. To fill out a comprehensive economic development strategy, follow these steps:
2. Begin by gathering relevant data and conducting research on the local economy and market conditions.
3. Identify the strengths, weaknesses, opportunities, and threats (SWOT analysis) of the local economy.
4. Engage key stakeholders, including government agencies, local businesses, community organizations, and residents, to gather input and build consensus.
5. Develop goals and objectives that align with the community's vision for economic development.
6. Create an action plan that outlines specific strategies and tactics to achieve the goals and objectives.
7. Assign responsibilities and establish a timeline for implementation of the action plan.
8. Continuously monitor and evaluate the progress of the economic development strategy, and make adjustments as needed.
9. Regularly communicate with stakeholders and the public to ensure transparency and engagement throughout the process.
10. Review and update the comprehensive economic development strategy periodically to adapt to changing economic conditions and community needs.

Who needs comprehensive economic development strategy?

1. Comprehensive economic development strategies are beneficial for various entities, including:
2. - Local governments and municipalities looking to attract and retain businesses, create jobs, and boost economic growth.
3. - Economic development agencies or departments responsible for promoting and facilitating investment and business development.
4. - Local chambers of commerce or business organizations seeking to enhance the competitiveness of local businesses and improve the overall business climate.
5. - Community organizations and nonprofits focused on improving socioeconomic conditions and increasing opportunities for residents.
6. - Investors and developers interested in understanding the economic potential and opportunities in a specific area.
7. - Researchers and academics studying regional or local economies and economic development.

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What is comprehensive economic development strategy?

A comprehensive economic development strategy (CEDS) is a plan that outlines the long-term economic development goals of a community or region and the strategies for achieving those goals, with a focus on creating jobs and enhancing overall economic prosperity.

Who is required to file comprehensive economic development strategy?

Entities applying for funding from the Economic Development Administration (EDA), such as local governments, economic development districts, and non-profit organizations, are required to file a CEDS.

How to fill out comprehensive economic development strategy?

To fill out a CEDS, organizations must gather demographic and economic data, identify regional strengths and weaknesses, set clear goals, outline strategies and actions, engage stakeholders, and ensure compliance with EDA guidelines.

What is the purpose of comprehensive economic development strategy?

The purpose of a CEDS is to guide economic growth, identify strategic initiatives, foster regional cooperation, and provide a framework for securing federal funding for development projects.

What information must be reported on comprehensive economic development strategy?

A CEDS must report on community and regional demographics, economic trends, goals and objectives, planned strategies and actions, and stakeholder engagement efforts.