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Penn State Extension: Planning for Growth, Prosperity & Resiliency…
April 21 @ 12:00 pm - 1:15 pm
Planning for Growth, Prosperity & Resiliency: Using the Comprehensive Economic Development Strategies Plan and Process to Innovate and Guide Strategic Growth
Approved for 1.25 CM credits
Although the Community Economic Development Strategies (CEDS) plan is required plan needed for regions to access Economic Development Administration (EDA) funding, the tool, when developed collaboratively and strategically, can serve as a catalyst for economic and community revitalization. The plan can be used to isolate and mitigate challenges, identify and capitalize on strengths and discover opportunities for strategic economic growth.
The CEDS process is a means to engage community leaders, leverage the involvement of the private sector, and establish a strategic blueprint for regional innovation. Furthermore, the CEDS plan provides the capacity-building1 foundation by which the public sector, working in conjunction with other economic actors (individuals, firms, industries), creates the environment for regional economic prosperity. Simply put, a CEDS plan is a strategy-driven plan for regional economic development. This webinar will provide an overview of the CEDS plan process and best practices, offer a region’s perspective on how best to develop and implement the plan and its strategies and include an overview of the data and demographics tables and trends that serve as the plan’s foundation.