What is a Comprehensive Economic Development Strategy?
Does your community, region or planning commission have a Comprehensive Economic Development Strategy? If you do, it is a wonderful asset. If not, you might be missing out on opportunities to improve the economic condition of your area. Lets take a step back just what is a comprehensive economic development strategy? A Comprehensive Economic Development Strategy, also know as a CEDS, is a document that outlines the economic conditions of an area as well as a plan of action for solving these problems. The United States Department of Commerces Economic Development Administration has a very specific set of items they require in a CEDS. A CEDS should: Demonstrate sound and continuous planning to guide the economic growth of a region Be developed with broad participation from a diverse selection of community members so that all viewpoints are considered Contain a record of the areas economic history as well as a report on the current conditions of the economy, complete with a list of econom
