Comprehensive Economic Development Strategies (CEDS) Summary of Requirements (cont.)

A. EDA-funded CEDS

Pursuant to 13 C.F.R. § 303.6, if EDA awards Investment Assistance to a Planning Organization to develop, revise, or replace a CEDS, the Planning Organization must follow the procedures set forth in paragraphs A.1 and A.2.

1. Planning Organization: A Planning Organization (as defined in 13 C.F.R. § 303.2), typically an Economic Development District (EDD) or Indian Tribe, may be eligible for EDA planning investment assistance. The purpose of such assistance is to develop a CEDS for a specific EDAapproved region. The Planning Organization is responsible for:

• Appointing a Strategy Committee (CEDS Committee);

• Developing and submitting to EDA a CEDS that complies with 13 C.F.R. § 303.7;

• Making a new or revised CEDS available for review and comment by the public for a period of at least thirty (30) days prior to submission of the CEDS to EDA;

• Obtaining approval of the CEDS from EDA;

• After obtaining approval of the CEDS, submitting to EDA an updated CEDS performance report annually. The performance report, in addition to reporting progress on CEDS implementation, should also discuss community and private sector participation in the CEDS effort. Any performance report that results in a change in the technical components of the EDAapproved CEDS must be available for review and comment by the public for a period of at least thirty (30) days prior to submission of the performance report to EDA;

• Submitting a copy of the CEDS to any Regional Commission if any part of the EDA-approved EDD region is covered by that Commission;

• Submitting a new CEDS to EDA at least every five (5) years, unless EDA or the Planning Organization determines that a new CEDS is required earlier due to changed circumstances.

2. Strategy Committee: The Strategy Committee is the entity identified by the Planning Organization as responsible for developing, revising, or replacing the CEDS. The Strategy Committee must represent the main economic interests of the region, and must include Private Sector Representatives (defined in 13 C.F.R. § 300.3, with respect to any for-profit enterprise, as any senior management official or executive holding a key decision-making position, or that person’s designee) as a majority of its membership. In addition, the Planning Organization should ensure that the Strategy Committee also includes:

• Public officials;
• Community leaders;
• Representatives of workforce development boards;
• Representatives of institutions of higher education;
• Minority and labor groups; and
• Private individuals.

Strategy Committees representing Indian Tribes or States may vary.

« Page 1 | Page 3 »