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This document outlines the Comprehensive Economic Development Strategy (CEDS) for Erie and Huron counties, detailing the planning process, stakeholder engagement, SWOT analysis, workforce demographics,

How to fill out comprehensive economic development strategy

How to fill out comprehensive economic development strategy

1. Identify the economic strengths and weaknesses of the community.
2. Engage stakeholders through surveys, meetings, and focus groups to gather input.
3. Set specific economic development goals and objectives based on the collected data.
4. Analyze local resources, including human capital, infrastructure, and financial assets.
5. Develop a framework for action, including strategies and tactics to achieve the goals.
6. Allocate resources and responsibilities among various stakeholders and organizations.
7. Establish a timeline for implementation and benchmarks for measuring progress.
8. Create a system for ongoing evaluation and adjustment of the strategy.

Who needs comprehensive economic development strategy?

1. Local governments looking to promote economic growth in their areas.
2. Business leaders and entrepreneurs seeking a supportive environment for operations.
3. Community organizations and non-profits focused on local development initiatives.
4. Residents interested in improving their local economy and job opportunities.
5. Investors seeking to understand the economic landscape before making decisions.

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What is comprehensive economic development strategy?

A Comprehensive Economic Development Strategy (CEDS) is a strategic plan that outlines a community's economic development goals and objectives, identifies local resources, and provides a roadmap for enhancing economic growth and development. It integrates various elements such as workforce development, infrastructure, and community development.

Who is required to file comprehensive economic development strategy?

CEDS is typically required to be filed by regions or local governments that are seeking U.S. Economic Development Administration (EDA) funding, particularly those in designated economic distress areas or those pursuing economic revitalization efforts.

How to fill out comprehensive economic development strategy?

To fill out a CEDS, stakeholders should gather data on local economic conditions, engage the community in assessing needs and opportunities, establish goals and objectives, identify strategic projects, and outline methods for implementation and evaluation. Templates and guidelines provided by the EDA can assist in this process.

What is the purpose of comprehensive economic development strategy?

The purpose of the CEDS is to ensure a coordinated approach to economic development by establishing a framework for economic growth, addressing regional challenges, leveraging resources, promoting collaboration among stakeholders, and attracting funding for development projects.

What information must be reported on comprehensive economic development strategy?

CEDS must report information such as an analysis of the local economy, demographic and workforce data, a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats), a description of stakeholder engagement, established goals and objectives, and an action plan that outlines specific projects and their expected outcomes.