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2024 Cost Allocation Plan221 West First Street Duluth, MN 55802 Telephone (218) 5297546 Fax (218) 5297592 Email : mmatthew@ardc.org Website: https://ardc.org EIN: 410914274Arrowhead Regional Development
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01
Gather relevant data on the economic conditions and trends in the region.
02
Engage stakeholders from various sectors such as government, businesses, non-profits, and community groups.
03
Identify opportunities and challenges for economic development in the region.
04
Develop goals and strategies to address these opportunities and challenges.
05
Create an action plan with specific steps and timelines to implement the strategies.
06
Monitor progress and make adjustments as needed to ensure the success of the comprehensive economic development strategy.

Who needs comprehensive economic development strategyardc?

01
Government agencies at the local, state, and federal levels.
02
Economic development organizations and agencies.
03
Businesses looking to expand or relocate to the region.
04
Non-profit organizations focused on community development.
05
Community groups and residents interested in improving the economic vitality of their area.
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The Comprehensive Economic Development Strategy (CEDS) is a strategic plan that outlines a region's economic development goals and objectives, often required for communities to qualify for federal funding and grants.
Typically, jurisdictions applying for certain federal economic development grants are required to file a CEDS. This includes local governments, economic development districts, and nonprofit organizations involved in economic development.
To fill out a CEDS, entities should gather relevant economic data, engage stakeholders, outline goals and strategies, and compile the information into a structured document that meets federal guidelines.
The purpose of the CEDS is to provide a blueprint for economic development in a region, guiding investment, resource allocation, and policy decisions to enhance economic opportunities.
The CEDS must report on the region’s economic conditions, baseline data, goals, objectives, strategies, and an evaluation framework to measure progress over time.
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