Comprehensive Economic Development Strategy
Economic Development Districts
Economic Development Districts (EDDs) are multi-jurisdictional entities, commonly composed of multiple counties. They help lead the locally-based, regionally driven economic development planning process that brings together the public, private, and non-profit sectors to establish a strategic blueprint (i.e., an economic development roadmap) for regional collaboration. The EDD is funded by the US Department of Commerce Economic Development Administration.
The strategic blueprint, known as a Comprehensive Economic Development Strategy (CEDS), is a strategy-driven plan for regional economic development. A CEDS is the result of a “regionally-owned” planning process designed to guide the economic prosperity and resiliency of an area or region. It provides a coordinating mechanism for individuals, organizations, local governments, Tribes, and private industry to engage in a meaningful conversation and debate about the economic direction of their region.
NODC is the Economic Development District of Jefferson and Clallam Counties on the Olympic Peninsula of Washington, and produces the Comprehensive Economic Development Strategy report for the region.
What is a Comprehensive Economic Development Strategy (CEDS)?
- The CEDS helps to build on the strengths of [our] region, as well as identify gaps in resources or expertise that need to be addressed
- The CEDS planning process can facilitate regional collaboration, expand supply chains, and grow and support new industry clusters
- With a CEDS in place, regions are more likely to attract federal funds and technical assistance by demonstrating resources are used efficiently and effectively
- The CEDS process can make [our] region more resilient and better positioned to plan for, respond to, and recover from natural disasters and economic shocks
- The CEDS can be much more than just a static document, but rather an engaging platform that generates region-wide discussions and serves as a call to action for economic development
Learn more about the process of creating a CEDS here.
Current and previous CEDS reports for the North Olympic Peninsula can be found here.
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