CEDS: Proposed Guidelines Update TARC Comm & Econ Dev Meeting 02/05/14 | Austin, TX

CEDS Challenges Commitment—“check the box” mentality is most significant barrier to improvement Readability—140 pages average, basic Word formatting, no executive summary or photos, data not well-integrated with strategies Usefulness—should inspire residents to work together for measurable changes in regional economy & clearly articulate EDD’s role

EDA Proposed Rule Changes More emphasis on clusters and innovation and entrepreneurship infrastructure (e.g., incubators) Allows up to 80% for projects leveraging other federal resources Eliminates mandatory formula for EDD and CEDS strategy committee board member representation May be issued at same time as new CEDS guidelines http://www.nado.org/eda-requests-public-comment-on-new-proposed-regulations/

CEDS Proposed Guidelines (Draft) Provides much more flexibility to EDDs while clarifying expectations (links to examples) Emphasizes readability—streamlines length (25-30 pgs); encourages executive summary, modern design, and multi-media formats Encourages alignment of regional plans (e.g., sustainability, transportation, workforce) Adds new section on resiliency

Summary Background (economic conditions) SWOT Analysis Strategy Evaluation Framework Resiliency http://www.eda.gov/pdf/CEDS_Flyer_Wht_Backround.pdf

Economic Resiliency How well prepared is your region to respond to an economic shock (e.g., recession, plant closure or opening, base realignment)? How quickly could your region recover from a devastating natural disaster? How do you get people to acknowledge the importance of resiliency thinking and make investments in strategies?

Suggestions Executive summary that can be used as stand- alone document—focus on most compelling data, opportunities, & EDD implementation Shorten and streamline the document (25-30 pgs) with balance of qualitative/quantitative information & quotes from regional leaders Demonstrate return on investment—quantify outcomes of CEDS activities, not process

Suggestions Project list—key regional projects should be identified and clearly tied to assets, goals, & strategies in main sections of document Consider going beyond PDF—CEDS website, interactive data, even mobile app Updated CEDS guidance is an opportunity— don’t be afraid to experiment

http://www.resilientregion.org

http://connectourfuture.org/economic-development/

Renewable Energy Economy Emphasize how CEDS implementation will “move the needle.” Aroostook 2015 Goals 1,677 new jobs @ $42,000 1,118 new jobs @ $38,500 Improvement of 6,628 jobs by $5,000/yr. $365M new wages Increase Internet Subscriptions to 37,500 Reach Regional GDP of $2.8B 27.7% Private Payer Healthcare Reimbursements Renewable Energy Economy Strategy Direct Impacts 62 jobs (3.6%) $45.3M (12.4%) 604 jobs (54%) $94.6M (3.7%) 650+ jobs with benefits Strategic Opportunity Value $69.9M per year 16 commercial installations,$19M, $2,1M savings/year 100+ residential installations JIAC grant award, $1.9M, $1M private match $1.2 NMCC Award, largest private donation in Maine history 12x1 investment leverage Measurement & Outcomes: 2011-2012

NADO Updates Partnering with CAPCOG to develop EDD/UC case studies of regional innovation projects Working with Nebraska EDDs to create a statewide CEDS template Exploring web-based & mobile applications relevant to EDDs/CEDS

400 North Capitol Street, NW | Suite 390 | Washington, DC 20001 National Association of Development Organizations (NADO) and the NADO Research Foundation 400 North Capitol Street, NW | Suite 390 | Washington, DC 20001 Ruraltransportation.org | Knowyourregion.org | Regionalcouncilguide.org 202.624.7806 | Info@nado.org NADO.org Regional Strategies. Solutions. Partnerships. Brian Kelsey | Director of Economic Development | bkelsey@nado.org | 512-731-7851