Comprehensive Economic Development Strategy (CEDS)
WHAT IS A CEDS?
A Comprehensive Economic Development Strategy (CEDS) is a federally-required regional economic development plan that allows an area to be eligible for various funding programs under the Economic Development Administration (EDA), an agency within the U.S. Department of Commerce. A CEDS also serves as a roadmap for regional economic development in general—linking, leveraging, and aligning local assets and stakeholders to achieve regional goals.
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Sonoma Mendocino Economic Development District (SMEDD) is responsible for developing the CEDS with the guidance of our Strategy Committee and the input of many jurisdictions, tribes, business owners, non-profits, and community members. To develop this document, we analyzed regional economic conditions and identified opportunities to formulate this region-specific strategy-driven plan for economic development. SMEDD was started in 2016, and completed the region’s second CEDS in 2022.