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DocuSign Envelope ID: D572176A0C2B45BA860DCCBFB984DA7EORDINANCE NO. 202313 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ESCONDIDO, CALIFORNIA, AUTHORIZING THE CHIEF OF POLICE TO EXECUTE, ON BEHALF
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How to fill out comprehensive economic development strategy

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Step 1: Assess current economic conditions in the region
02
Step 2: Identify goals and objectives for economic development
03
Step 3: Engage stakeholders and gather input
04
Step 4: Develop strategies and action plans
05
Step 5: Implement the plan and monitor progress
06
Step 6: Review and update the plan regularly

Who needs comprehensive economic development strategy?

01
Government agencies at local, state, and federal levels
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Non-profit organizations focused on community development
03
Economic development professionals and consultants
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Business owners and entrepreneurs looking to expand or relocate
05
Community leaders and residents interested in improving the local economy
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A comprehensive economic development strategy (CEDS) is a planning process designed to guide the economic development of a region through research, analysis, and community participation, resulting in a strategic plan that identifies goals and objectives for economic growth and development.
Entities that are designated by the Economic Development Administration (EDA) as economic development districts (EDDs) or applicants seeking federal funding for economic development projects are typically required to file a CEDS.
Filling out a CEDS involves conducting a thorough assessment of the local economy, engaging stakeholders, identifying specific goals and objectives, outlining action plans, and documenting the planning process which must comply with EDA guidelines.
The purpose of a CEDS is to promote economic growth and stability, foster collaboration among community stakeholders, and provide a roadmap for making informed decisions about economic development resources and efforts in the region.
A CEDS must include an analysis of economic conditions, a vision for the future, clear objectives, an action plan for implementation, a strategy for ensuring participation, and an evaluation framework to measure progress.
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