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COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGIESComprehensive Economic Development Strategies Lewis County CDs Comprehensive Economic Development Strategic Plan 20222024COMPREHENSIVE ECONOMIC DEVELOPMENT
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How to fill out comprehensive economic development strategy

01
Identify the goals and objectives of the economic development strategy.
02
Conduct research and analysis on the current economic conditions of the region.
03
Engage stakeholders in the development of the strategy, including business owners, government officials, and community members.
04
Develop action plans and initiatives to address specific economic development needs and opportunities.
05
Monitor and evaluate the progress of the strategy, making adjustments as needed to achieve desired outcomes.

Who needs comprehensive economic development strategy?

01
Local governments looking to promote economic growth and job creation.
02
Businesses seeking to expand or relocate to a particular region.
03
Non-profit organizations focused on community development and revitalization.
04
Regional economic development agencies working to attract investment and talent to their area.
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A comprehensive economic development strategy (CEDS) is a planning process and document that provides a community with a strategy to guide its economic growth and development. It includes an assessment of the local economy, identifies regional opportunities, and outlines an implementation plan.
Entities such as regional planning organizations, local governments, and economic development organizations are typically required to file a CEDS, particularly when seeking federal funding from the Economic Development Administration (EDA).
Filling out a CEDS involves several steps: conducting a community assessment, engaging stakeholders, setting goals and objectives, developing an action plan, and preparing a strategy document that includes data, analysis, and a timeline.
The purpose of a CEDS is to promote and facilitate comprehensive economic development, to guide strategic planning, and to enhance a community's capacity to attract investments and create jobs.
The CEDS must report on the local economy, demographic data, an assessment of economic conditions, identified strengths and weaknesses, opportunities for growth, strategies for implementation, and performance measures.
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