Comprehensive Economic Development Strategies (CEDS)
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Hampton Roads Partnership Comprehensive Economic Development Strategy Discussion April 17, 2009 Corporate Acquisitio ns & Strategies Land Management Services Public- Private Developmen t Economic Developmen t Government Agency Services Corporate Acquisitio ns & Strategies Land Management Services Public- Private Developmen t Economic Developmen t Government Agency Services Economic Developmen t Public - Private Developmen t Economic Developmen t Government Agency Services Corporate Acquisitio
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Comprehensive Economic Development Strategies (CEDS) required by the U.S. Dept. of Commerce Economic Development Administration will provide the Hampton Roads, Virginia region with a: Continuing economic development planning process, broad-based and diverse public and private sector participation, goals and objectives necessary to solve the economic development problems of the region and clearly defined metrics of success. A CEDS is a useful benchmark by which a regional economy can evaluate opportunities with other regions in the national economy. Courtesy of Kaufman & Canoles Consulting
Transcript of Comprehensive Economic Development Strategies (CEDS)
Hampton Roads Partnership
Comprehensive Economic
Development Strategy Discussion
April 17, 2009
Corporate Acquisitions & Strategies
Land
Management Services
Public -Private
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Economic
Development Public -
Private Developme
nt Economic
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public -Private
Development
Government Agency Services
Presentation Overview
• Introduction to CEDS
• Features of CEDS
• Who should develop one?
• Supplemental Appropriation
• CEDS Components
• Let’s look at one
• Discussion
Corporate Acquisitions & Strategies
Land
Management Services
Public -Private
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Economic
Development Public -
Private Developme
nt Economic
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public -Private
Development
Government Agency Services
(CEDS) Introduction:• Engage public and private sectors in the
creation of an economic roadmap to diversify and strengthen regional economies.
• Analyze the regional economy and serve as a guide for
– regional goals and objectives, – a regional plan of action, and – regional investment priorities and funding
sources.
• Integrates a region's human and physical capital planning in economic development.
• Provides the flexibility to adapt to global economic conditions and fully utilize the region's unique advantages to maximize economic opportunity for its residents by attracting the private investment that creates jobs for the region's residents.
Corporate Acquisitions & Strategies
Land
Management Services
Public -Private
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Economic
Development Public -
Private Developme
nt Economic
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public -Private
Development
Government Agency Services
Features of the CEDS Process
• Continuing economic development planning process
• Broad-based and diverse public and private sector participation,
• Set forth the goals and objectives necessary to solve the economic development problems of the region and
• Clearly define the metrics of success.
• A useful benchmark by which a regional economy can evaluate opportunities with other regions in the national economy.
Corporate Acquisitions & Strategies
Land
Management Services
Public -Private
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Economic
Development Public -
Private Developme
nt Economic
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public -Private
Development
Government Agency Services
Who should develop a CEDS?
• A Planning Organization seeking to formulate and implement a regional economic development program
• Successful economic development efforts are based on CEDS that provide an economic roadmap to diversify and strengthen regional economies.
• CEDS required in order to apply for investment assistance under EDA's Public Works or Economic Adjustment Assistance Programs.
• EDA may accept CEDS that it has funded or CEDS prepared independently of EDA investment assistance or oversight.
Corporate Acquisitions & Strategies
Land
Management Services
Public -Private
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Economic
Development Public -
Private Developme
nt Economic
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public -Private
Development
Government Agency Services
EDA Supplemental Appropriation
• The Recovery Act appropriated $150,000,000 for the EDA American Recovery Program under the auspices of PWEDA.
• These funds shall remain available for obligation until September 30, 2010.
• The law mandates that $50,000,000 of the $150,000,000 must be allocated for economic adjustment assistance under section 209 of PWEDA (42 U.S.C. 3149).
• EDA will allocate the remaining $100,000,000 to either the Public Works and Economic Development Facilities Program or the Economic Adjustment Assistance Program, depending on the needs demonstrated among EDA's six regional offices, located in Atlanta, Austin, Chicago, Denver, Philadelphia and Seattle.
• Federally authorized regional economic development commissions may assist eligible applicants in submitting applications under this notice or may seek transfers directly from EDA.
Corporate Acquisitions & Strategies
Land
Management Services
Public -Private
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Economic
Development Public -
Private Developme
nt Economic
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public -Private
Development
Government Agency Services
CEDS Components
• EDA Funded CEDS– Planning Organization– Strategy Committee
• Technical Requirements– Background– CEDS Goals and Objectives– Community and Private Sector
Participation– Strategic Projects, Programs
and Activities– CEDS Plan of Action– Performance Measures
Corporate Acquisitions & Strategies
Land
Management Services
Public -Private
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Economic
Development Public -
Private Developme
nt Economic
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public -Private
Development
Government Agency Services
Let’s Look at One
• The State of Delaware CEDS
Corporate Acquisitions & Strategies
Land
Management Services
Public -Private
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Economic
Development Public -
Private Developme
nt Economic
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public -Private
Development
Government Agency Services
DISCUSSION
Corporate Acquisitions & Strategies
Land
Management Services
Public -Private
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Corporate
Acquisitions & Strategies
Land Management Services
Public-Private
Development
Economic Developme
nt Government
Agency Services Economic
Development Public -
Private Developme
nt Economic
Development
Government Agency
Services Corporate
Acquisitions & Strategies
Land Management Services
Public -Private
Development
Government Agency Services
