A Comprehensive Economic Development Strategy (CEDS) is the result of a local planning process designed to guide the economic growth of an area.A CEDS process will help create jobs, foster more stable and diversified economies and improve living conditions.It provides a mechanism for coordinating the efforts of individuals, organizations, local governments, and private industry concerned with economic development.
A CEDS is required to qualify for Economic Development Administration (EDA) assistance under its public works, economic adjustment, and most planning programs, and is a prerequisite for designation by EDA as an economic development district (EDD).
Input for this document was provided by the local government officials of Crawford, Edwards, Lawrence, Richland, Wabash, Wayne and White counties, local Economic Development Organizations, State and Federal Agencies and Interested Citizens.
What is the CEDS?
CEDS are the initials for Comprehensive Economic Development Strategy.The CEDS is a publication that is a result of a local and area-wide planning process designed to guide and foster the economic growth of the region.
According to the Economic Development Administration, a CEDS is designed to bring together public and private sectors in the creation of an economic roadmap to diversify and strengthen Regional economies.The CEDS should analyze the Regional economy and serve as a guide for establishing Regional goals and objectives, developing and implementing a Regional plan of action and identifying investment priorities and funding sources.
The Comprehensive Economic Development Strategy, CEDS, is required by federal regulations to qualify for EDA planning investments.As an EDA funded District, Greater Wabash Regional Planning Commission is charged with the yearly submission of the CEDS which is designed to create and retain higher-skill, higher-wage jobs in the most economically distressed areas.