COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGIES

CEDS

SUMMARY OF REQUIREMENTS

Inter-Tribal Council of California, Inc.

The purpose of this CEDS project as administered through ITCC is to bring together the public and private sectors namely American Indian Nations; to create an economic roadmap to diversify and strengthen regional economies.   Fundamental to this purpose are these main goals:

v      Analyze the regional economies and help tribes establish their own regional goals and objectives

v      Develop and implement a regional action plan

v      Identify investment priorities and funding sources

v      Integrate a region’s human and physical capital planning in the service of economic development

v      Provide flexibility to adapt to global economic conditions

v      Utilize the region’s unique advantages to maximize economic opportunity for its residents

v      Attract private investments that creates jobs for the regions residents

v      Encourage the continuation of the planning process with broad based and diverse public and private sector participation

v      Provide a useful benchmark by which a regional economy can evaluate opportunities with other regions in the national economy.

A. STANDARD PROCEDURE TO FOLLOW

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. § 303.7;

• 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 performance report annually. The performance report, in 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 in 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 entity 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, with respect to any for-profit enterprise, as any senior management official or executive holding a key decision making position, or that person's designee) 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.—

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 the:

• 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.

Source:  www.eda.gov

U.S. Department of Commerce

Economic Development Administration