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Planning and Building Department, Economic Development Division, recommending the Board receive and file a presentation on the Comprehensive Economic Development Strategy (CEDS) for the Sacramento Region from Valley Vision. The purpose of this presentation is to provide an overview of the CEDS that Valley Vision and other participating agencies have been working on and how El Dorado County can participate and benefit from the strategy going forward. (Est. Time: 10 Min.)
FUNDING: N/A
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DISCUSSION / BACKGROUND
A Comprehensive Economic Development Strategy (CEDS) contributes to effective economic development in America’s communities and regions through a locally-based, regionally-driven economic development planning process. Economic development planning - as implemented through a CEDS - is not only a cornerstone of the U.S. Economic Development Administration’s (EDA) programs, but successfully serves as a means to engage community leaders, leverage the involvement of the private sector, and establish a strategic blueprint for regional collaboration. The CEDS provides the capacity-building foundation by which the public sector, working in conjunction with other economic actors (individuals, firms, industries), creates the environment for regional economic prosperity. In summary, a CEDS is a strategy-driven plan for regional economic development which is successful when ownership is taken by all jurisdictions to guide the economic prosperity of the region.
The CEDS qualifies the region and it's communities for U.S. EDA funding assistance through various programs. The EDA invests in planning, technical assistance, infrastructure and capacity building support that enables jurisdictions all across the country to build strong, durable and resilient economies. EDA also works with local economic development partners to advance their locally developed projects in the form of matching grants. These projects are linked to the Regions’ long-term, sustainable ...
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