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HomeMy WebLinkAboutCEDS Overview - COICCentral Oregon Comprehensive Economic Development Strategy Overview and Summary February, 2010 Andrew Spreadborough, Program Administrator COIC Community and Economic Development 2363 SW Glacier Place, Redmond (541) 504-3306 aspreadborough@coic.org The COIC Board of Directors recognizes that regional action is necessary because: • The impacts of the national economic recession are particularly acute in Central Oregon, where levels of unemployment, job loss, and diminished business activity are higher than most regions; • Economic development conditions, capacity, community readiness, and levels of infrastructure vary across the region; • Regional-scale problems and challenges increasingly require multi-jurisdictional collaboration and coordination; • Additional grant and loan resources are needed to support communities and economic development efforts; and • Broad regional support for economic development priorities is necessary to focus local resources and efforts and to maximize access to state and federal funding opportunities. In response, COIC will be revising and expanding our Comprehensive Economic Development Strategy (CEDS) for the Central Oregon region during 2010. The strategy will be built around several core elements: • What needs to be in place for an economy to be healthy? - Identification of “critical components” for local and regional economies. • A roadmap of economic development entities within the region, including a summary of services, resources, and roles. • A list of local economic development project needs submitted and prioritized by cities, counties, Tribes, businesses and organizations, within the categories of employment lands, infrastructure, business assistance/incentives, workforce and education, industry/sector support, and community readiness. • An inventory of regional-scale economic development issues and challenges. • A strategy to identify funding resources and to implement high priority projects and initiatives. Regional Context: The Central Oregon CEDS will serve as a coordinating strategy that integrates community, industry, and organizational economic development plans, strategies and priorities. The CEDS will not duplicate efforts or supersede local, on-the-ground economic development efforts; rather, the CEDS will be an over-arching roadmap for regional economic development that results in identification of needed actions and broadly-supported priorities. Outcomes: Economic development roles, services and resources will be defined, goals for economic development will be identified, and needed projects and actions will be prioritized. The CEDS will be broadly supported in the region, and will be a tool for accessing state and federal funding to support high- priority economic development initiatives. How to Get Involved: Opportunities for input and participation include: • Participation on the CEDS planning committee; • Request/participate in COIC presentations to cities, counties, organizations, and stakeholders; • Participation in regional CEDS development public meetings; and • Email list for public meeting announcements, CEDS updates and drafts, and notification of comment periods. For more information on the CEDS process or to be added to the email list, contact: