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

2. 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

3. 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

4. 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

5. Summary Background (economic conditions) SWOT Analysis Strategy
Evaluation Framework
Resiliency

6. 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?

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

8. 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

11. Renewable Energy Economy
Emphasize how CEDS implementation will “move the needle.”
Aroostook 2015 Goals
1,677 new
$42,000
1,118 new
$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:

12. 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

13. 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 |
NADO.org
Regional Strategies. Solutions. Partnerships.
Brian Kelsey | Director of Economic Development | |