HomeMy WebLinkAbout05-03-12 EDC handouts - CEDS development and input form for NRMEDD �4`0,Ns Orrcl1l U.S. Department of Commerce
�i� Economic Development Administration
_� COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGIES
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S ''� � CEDS
r4rrS Ole� SUMMARY OF REQUIREMENTS
Note: This document provides a synopsis of the requirements for comprehensive economic development strategies.For further information,interested parties are
directed to section 302 of the Public Works and Economic Development Act of 1965 (42 U.S.C. § 31Q) and EDA's regulations at 13 C.FR. part 303. The
document is intended to serve as a convenient source for requrromonts relating to the CEDS. Nothing in this document is intended to supersede or othorwise
modify EDA's statute,regulations,policies or procedures
Introduction: A comprehensive economic development strategy(CEDS)is designed to bring together the public and private sectors in the creation of an
economic roadmap to diversify and strengthen reg c a' economies. The CEDS should analyze the regional economy and serve as a guide for
establishing regional goals and objectives, develca aid implementing a regional plan of action, and identifying investment priorities and funding
sources. A CEDS integrates a region's human ana F'.;sica, capital planning in the service of economic development. Integrated economic development
planning provides the flexibility to adapt to global econc,r,c conditions and fully utilize the region's unique advantages to maximize economic opportunity
for its residents by attracting the private investment tnat creates jabs for the region's residents. A CEDS must be the result of a continuing economic
development planning process developed with broad-based and diverse public and private sector participation, and must set forth the goals and
objectives necessary to solve the economic development problems of the region and clearly define the metrics of success Finally, a CEDS provides a
useful benchmark by which a regional economy can evaluate opportunities with other regions in the national economy.
Who should develop a CEDS? A Planning Organization seeking to formulate and implement a regional economic development program will benefit
from developing a CEDS Successful economic development efforts are based on CEDS that provide an economic roadmap to diversify and strengthen
regional economies. The Public Works and Economic Development Act of 1965. as amended (PWEDA), requires a CEDS in order to apply for
investment assistance under EDA's Public Works or Economic Adjustment Assistance Programs. At EDA's discretion.EDA may accept CEDS that it has
funded or CEDS prepared independently of EDA investment assistance or oversight.
The following sections set out below on "Planning Organizations"and "Strategy Committees"cover the requirements for EDA-funded CEDS, while the
remainder of this document pertains to technical requirements for CEDS. It should be noted that in determining the acceptability of a CEDS prepared
independently of EDA investment assistance or oversight for projects under 13 C.F.R. parts 305 or 307, EDA may in its discretion determine that the
CEDS is acceptable without it fulfilling every requirement set out in 13 C.F.R.§303.7. 1n doing so, EDA shell consider the circumstances surrounding the
application for investment assistance.including emergencies or natural disaster,and the fulfrflment of the requirements of Section 302 of PWEDA.
A.EDA-funded CEDS
Pursuant to 13 C.F.R. § 303.6, if EDA awards Investment Assistance to a Planning Organization to develop, revise, or replace a CEDS. the Planning
Organization must follow the procedures set forth in paragraphs A 1 and A.2.
1. Planning Organization: A Planning Organization (as defined in 13 C.F.R. § 303.2), typically an Economic Development District(EDD)or Indian
Tribe, may be eligible for EDA planning investment assistance. The purpose of such assistance is to develop a CEDS for a specific EDA-approved
region. The Planning Organization is responsible for
•Appointing a Strategy Committee(CEDS Committee)
• Developing and submitting to EDA a CEDS that complies with 13 C.F.R.§303.T
•Making a new or revised CEDS available for review and comment by the public for a period of at least thirty(30)days prior to submission of the
CEDS to EDA;
•Obtaining approval of the CEDS from EDA
•After obtaining approval of the CEDS,submitting to EDA an updated CEDS perfonnance report annually. The performance report 11-1
addition to reporting progress on CEDS implementation should also discuss community and private sector participation in the CEDS effort. Any
performance report that results in a change rr,the technical components of the EDA-approved CEDS must be available for review and comment
by the public for a period of at least thirty(30)days prior to submission of the performance report to EDA;
•Submitting a copy of the CEDS to any Regional Commission if any part of the EDA-approved EDD region is covered by that Commission;
•Submitting a new CEDS to EDA at least every five(5)years unless EDA or the Planning Organization determines that a new CEDS is required
earlier due to changed circumstances
2. Strategy Committee: The Strategy Committee is the e7-+.'y identified by the Planning Organization as responsible for developing revising, or
replacing the CEDS. The Strategy Committee must represent the main economic interests of the region, and must include Private
Sector Representatives (defined in 13 C.F.R § 300 3 respect to any for-profit enterprise as any senior management official or executive
holding a key decision making position•or that person's designe:, as a majority of its membership. In addition,the Planning Organization should
ensure that the Strategy Committee also includes.
•Public officials;
•Community leaders;
•Representatives of workforce development boards.
•Representatives of institutions of higher education;
•Minority and labor groups;and
•Private individuals.
Strategy Committees representing Indian Tribes or States may vary.
B.Technical Requirements
Pursuant to 13 C.F.R.§303.7,a Planning Organization must include the following information in a CEDS submitted to EDA--
i
1. Background: The CEDS must contain a background of the economic development situation of the region that paints a realistic picture of the
current condition of the region. This background must include a discussion of the economy, population,geography,workforce development and use,
transportation access,resources,environment,and other pertinent information.
2.Analysis of Economic Development Problems and Opportunities:The CEDS must include an in-depth analysis of the economic development
problems and opportunities that identifies strengths and weaknesses in the regional makeup of human and economic assets, and problems and
opportunities posed by external and internal forces affecting the regional economy. This analysis must:
•Incorporate relevant material from other government-sponsored or supported plans and demonstrate consistency with applicable State and
local workforce investment strategies.
• Identify past,present,and projected future economic development investments in the region.
•Identify and analyze economic clusters within the region.
3.CEDS Goals and Objectives-- Defining Regional Expectations: The CEDS must contain a section setting forth goals and objectives necessary
to solve the economic problems,or capitalize on the resources,of the region. Any strategic project,program,or activity identified in the CEDS should
work to fulfill these goals and objectives.
• Goals are broad,primary regional expectations.
• Objectives are more specific than goals,clearly measurable,and stated in realistic terms considering what can be accomplished over the five
(5)year time frame of the CEDS.
4.Community and Private Sector Participation: The CEDS must include a section discussing the relationship between the community in general
and the private sector in the development and implementation of the CEDS. Public and private sector partnerships are critical to the implementation of
the CEDS.
5. Strategic Projects, Programs and Activities: The CEDS must contain a section which identifies regional projects, programs and activities
designed to implement the Goals and Objectives of the CEDS. This section should identify and describe:
Suggested Projects-
All suggested projects, programs and activities and the projected number of jobs to be created as a result.
-Lead organizations responsibilities for execution of the projects.
Vital Projects-A prioritization of vital projects,programs,and activities that address the region's greatest needs or that will best enhance the
region's competitiveness,including sources of funding for past and potential future investments. These can be overarching"themes"for
regional economic development success and is expected to include components. Funding sources should not be limited to EDA programs.
6.CEDS Plan of Action: The plan of action,as described in the CEDS.implements the goals and objectives of the CEDS in a manner that-
•Promotes economic development and opportunity;
• Fosters effective transportation access;
• Enhances and protects the environment:
• Maximizes effective development and use of the workforce consistent with any applicable State or local workforce investment strategy;
• Promotes the use of technology in economic development, including access to high-speed telecommunications;
•Balances resources through sound management of physical development;and
•Obtains and utilizes adequate funds and other resources.
The CEDS must also contain a section that discusses the methodology for cooperating and integrating the CEDS with a State's economic
development priorities.
7. Performance Measures: The CEDS must contain a section that lists the performance measures used to evaluate the Planning Organization's
successful development and implementation of the CEDS,including but not limited to tile:
•Number of jobs created after implementation of the CEDS;
•Number and types of investments undertaken in the region;
•Number of jobs retained in the region;
•Amount of private sector investment in the region after implementation of the CEDS;and
•Changes in the economic environment of the region.
These are not meant to be the only performance measures for the CEDS. Most Planning Organizations developing a CEDS will benefit from
developing additional quantitative and qualitative measures that will allow them to evaluate progress toward achieving the goals identified as important
in their regions.
For more information:www.oda.gov
ECONOMIC DEVELOPMENT ADMINISTRATION
Denver Regional Office
COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY
REQUIREMENTS CHECKLIST
This checklist is based the"Comprehensive Economic Development Strategies(CEDS)Summary of Requirements"published by the Economic
Development Administration(EDA).The requirements for CEDS are contained in FDA's regulations at 13 CFR part 303.
The purpose of this checklist is to aid planning organizations in the preparation and evaluation of their CEDS documents,and to serve as the
basis for EDA's review and approval.
Planning Organization:
Address:
Contact Name/Title:
Contact Phone/E-mail:
A.) REQUIREMENTS FOR EDA-FUNDED CEDS
1.)Planning Organization Requirements
The Planning Organization...
r Has appointed a strategy committee.
r Has developed and submitted to EDA for review and approval a CEDS that meets the requirements outlined in 13 CFR 303.7.
Has made new or revised CEDS available for review and comment by the public for a period of at least 30 days prior to submission
F of the CEDS to EDA.
Understands that,after obtaining approval of the CEDS,it is required to submit to EDA an updated CEDS performance report
r annually(see'Summary'for requirements).
Understands that it is required to submit a new CEDS to EDA at least every five(5)years,unless EDA or the planning organization
determines that a new CEDS is required earlier due to changed circumstances.
Comments
2.)Strategy Committee Requirements
The Strategy Committee...
r Represents the main economic interests of the region.
I— Includes Private Sector Representatives,as defined in 13 CFR 300.3,as a majority of its membership.
Includes members broadly representative of the region,such as public officials,community leaders,representatives of workforce
development boards,representatives of institutions of higher education,minority and labor groups,and private individuals.
Comments
Page 1 of 5
B.)TECHNICAL REQUIREMENTS
1.)Background
The CEDS contains a background of the economic development situation of the region that paints a realistic picture of the
r current condition of the region.
The background includes a discussion of the following elements:
F- Economy
(— Population
Geography
F- Workforce Development&Use
F- Transportation Access
F- Resources
F_ Environment
r Other Pertinent Information
Comments
2.)Analysis of Economic Development Problems and Opportunities
The CEDS includes an in-depth analysis of the economic development problems and opportunities that identifies strengths and
r weaknesses in the regional makeup of human and economic assets,and problems and opportunities posed by external and
internal forces affecting the regional economy.
The analysis...
F- Incorporates relevant material from other government-sponsored or supported plans.
r Demonstrates consistency with applicable State and local workforce investment strategies.
r Identifies past,present,and projected economic development investments in the region.
r Identifies and analyzes economic clusters within the region.
Comments
Page 2 of 5
3.)CEDS Goals and Objectives-Defining Regional Expectations
The CEDS contains a section setting forth goals and objectives necessary to solve the economic problems or to capitalize on the
resources of the region.
r Strategic projects,programs or activities identified in the CEDS work to fulfill these goals and objectives.
Comments
4.)Community and Private Sector Involvement
The CEDS includes a section discussing the relationship between the community in general and the private sector in the
F development and implementation of the CEDS.
Comments
5.)Strategic Projects,Programs and Activities
The CEDS contains a section which identifies regional projects,programs and activities designed to implement the Goals and
Objectives of the CEDS.
Suggested Projects...
r All suggested projects,programs and activities are listed.
r' The projected number of jobs to be created with each suggested project are listed.
F- Lead organizations responsible for the execution of the projects are listed.
Vital Projects...
A prioritization of vital projects,programs,and activities that addresses the region's greatest needs or that will best enhance the
region's competitiveness,including sources of funding for past and potential future investments are listed.
Comments
Page 3 of 5
6.)CEDS Plan of Action
The plan of action,as described in the CEDS,implements the goals and objectives of the CEDS in a manner that...
r Promotes economic development and opportunity.
r Fosters effective transportation access.
r Enhances and protects the environment.
Maximizes effective development and use of the workforce consistent with any applicable State or local workforce investment
strategy.
Promotes the use of technology in economic development,including access to high-speed telecommunications.
r Balances resources through sound management of physical development.
Obtains and utilizes adequate funds and other resources.
The CEDS contains a section that discusses the methodology for cooperating and integrating the CEDS with a State's economic
development priorities.
Comments
7.)Performance Measures
The CEDS contains a section that lists the performance measures used to evaluate the Planning Organization's successful
r' development and implementation of the CEDS.
Performance measures include:
r Number of jobs created after implementation of the CEDS.
r Number and types of investments undertaken in the region.
Number of jobs retained in the region.
F- Amount of private sector investment in the region after implementation of the CEDS.
r Changes in the economic environment of the region.
Comments
Page 4 of 5
ECONOMIC DEVELOPMENT ADMINISTRATION
Denver Regional Office
CEDS REVIEW & APPROVAL
Planning Organization
CEDS Reviewed by:
Public Comment Period:
Board Approval Date:
F- Copy of Minutes and/or Resolution were Attached.
EDA Denver Regional Office
CEDS Submitted to EDA on:
CEDS Reviewed on:
CEDS Reviewed by:
Signature:
r Approved
Status:
r' Conditionally Approved
F- Not Approved
Overall
Comments
If Applicable,
Deficiency Letter Sent on:
Your Next CEDS is Due:
Page 5 of 5
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