Understanding the Importance of Comprehensive Economic Development Strategies (CEDS)
This presentation explores the elements of developing, maintaining, and utilizing your CEDS to become an Economic Development District (EDD) in Indiana. Key topics include CEDS requirements, strategy committee roles, and case studies like the Central Indiana CEDS. Learn about Metropolitan Planning Organizations (MPOs), CEDS components, and engagement strategies for successful economic development planning.
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Presentation Transcript
Developing, Maintaining and Using Your CEDS Becoming an EDD Indiana Association of Regional Councils November 2023
Welcome and Introductions Moderator: Greg Jones, Southern Indiana Development Commission Rose Scovel, AICP, Indianapolis Metropolitan Planning Organization Ryan Keller, Thrive West Central James Winters, Economic Development Administration
A Brand New CEDS: Central Indiana Indianapolis MPO Rose Scovel, AICP
Key terms/organization types Metropolitan Planning Organization (MPO) Comprehensive Economic Development Strategy (CEDS) Local Economic Development Organization (LEDO) Economic Development District (EDD) Qualified County/Census Tract Income below 80% of the rolling 24 month national average Unemployment more than 1% above the 24 month rolling national rate Overview
CEDS Requirements CEDS Strategy Committee Represent the main economic interests of the region Meet regularly to guide the CEDS process CEDS Content Guidelines https://eda.gov/files/ceds/CEDS-Content-Guidelines-full.pdf Required components: Background Section SWOT Action Plan Performance Measures Addresses resiliency 30-day public comment period & Governing Board approval
8 counties 2015 strategy by Indy Chamber 2022 strategy led by IMPO No EDD Funding from EDA, Indy Chamber, and Indiana Economic Development Corporation (IEDC) Central Indiana CEDS
Central Indiana CEDS Strategy committee 100 members (public, private, university, non-profit) 300+ meetings (one-on-one, small groups, public, strategy committee, roundtable, working groups) Three presentations to each county commission
Central Indiana CEDS The Central Indiana CEDS region is committed to partnerships that prioritize equitable growth and regional connectivity to ensure vibrant and resilient growth.
Central Indiana CEDS
Central Indiana CEDS
Thrive West Central Updating and Expanding: West Central CEDS Ryan Keller
Began as an EDD in 1968 2023-2027 CEDS serves 7 counties Added Putnam County and Montgomery County Thrive West Central
Thrive West Central
Thrive West Central
Thrive West Central
EDD Pathway and Benefits James Winters and Ryan Keller
Challenges and Benefits James Winters and Ryan Keller
What is the benefit of being an EDD? EDA network of Partners Eligible for EDA Partnership Planning program (non-competitive continuation grant) Maintain a CEDS, which is an eligibility requirement for several of EDA s competitive funding programs Can use substantial direct benefit to meet distress criteria for eligibility EDA network of Partners
