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Treasurer/Collectors Office John Sousa, Jr. Finance Director/ TreasurerCollectorTelephone (978) 2505210 Fax: (978) 256554550 Billerica Road Chelmsford, MA 01824ABANDONED and UNCLAIMED PROPERTY CLAIM

How to fill out comprehensive economic development strategy

How to fill out comprehensive economic development strategy

1. Step 1: Start by gathering relevant data and information about the region or area for which the comprehensive economic development strategy is being developed.
2. Step 2: Assess the current economic situation and identify gaps or areas of improvement.
3. Step 3: Set goals and objectives for the economic development strategy, keeping in mind the overall vision and long-term plans.
4. Step 4: Develop strategies and action plans to address the identified gaps or areas of improvement. This may involve initiatives in sectors such as infrastructure, workforce development, business attraction and retention, innovation, or community development.
5. Step 5: Engage stakeholders and gather feedback to ensure the strategy is comprehensive and aligned with the needs and priorities of the community.
6. Step 6: Implement the strategy by allocating resources, coordinating efforts, and monitoring progress.
7. Step 7: Continuously evaluate and update the comprehensive economic development strategy as needed to adapt to changing economic conditions or emerging opportunities.

Who needs comprehensive economic development strategy?

1. Comprehensive economic development strategies are needed by governments at various levels, such as local, regional, or national, to drive economic growth and development.
2. Businesses and industry associations can also benefit from comprehensive economic development strategies as they can provide insights and plans for business expansion, talent development, and market opportunities.
3. Non-profit organizations, community groups, and economic development agencies often use these strategies to guide their efforts in fostering economic development and improving the quality of life in a region.
4. Investors, both domestic and foreign, may also be interested in comprehensive economic development strategies to assess the potential for investment and economic returns in a particular area.

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What is comprehensive economic development strategy?

A comprehensive economic development strategy (CEDS) is a plan that establishes a long-term strategy for economic growth and development in a particular region or community. It identifies goals, strategies, and actions to improve economic conditions.

Who is required to file comprehensive economic development strategy?

Entities that are eligible for federal economic development assistance, such as local governments, economic development districts, and other organizations, are required to file a comprehensive economic development strategy.

How to fill out comprehensive economic development strategy?

To fill out a CEDS, organizations should gather data about the economic conditions of the region, engage stakeholders, set goals and objectives, outline strategies for achieving them, and prepare an action plan with timelines and responsible parties.

What is the purpose of comprehensive economic development strategy?

The purpose of a CEDS is to provide a framework for local leaders to engage in the economic planning process, create jobs, enhance business and employment opportunities, and foster a more resilient economy.

What information must be reported on comprehensive economic development strategy?

CEDS must report on economic and demographic data, a needs assessment, goals and objectives, a list of projects, and an action plan, including stakeholder involvement and a strategy for implementation.