Comprehensive Economic Development Strategy Available for Public Review

District completes document as prerequisite for federal funding opportunities

The District of Columbia is pursuing an avenue of federal funding from the Economic Development Administration (EDA) through the development of a Comprehensive Economic Development Strategy (CEDS) which will bolster the City’s investment priorities. The EDA can provide funding for municipalities for economic development projects on an ongoing basis if a CEDS has been completed.

A Comprehensive Economic Development Strategy (CEDS) is designed to bring together the public and private sectors in the creation of an economic road map to diversify and strengthen local economies. The CEDS should analyze the local economy and serve as a guide for establishing goals and objectives, developing and implementing a plan of action, and identifying investment priorities and funding sources.

The drafting of a CEDS for Washington, DC took place over the course of the last year, and was jointly undertaken by the Office of the Deputy Mayor for Planning and Economic Development, the DC Office of Planning and the Washington, DC Economic Partnership. To view a draft of the Washington, DC Comprehensive Economic Development Strategy, please click HERE. The draft will be available for public review from July 1 to August 1. Public feedback should be submitted to by August 1, 2010.

Posted Under: DC News