Comprehensive Economic Development Strategy

Background

As an Economic Development District, COIC is responsible for creating and maintaining a regional Comprehensive Economic Development Strategy (CEDS). The current CEDS was completed in 2007.

Central Oregon Comprehensive Economic Development Strategy

CEDS Purpose

The CEDS is the result of a local planning effort, and serves as a guide for regional economic growth. Document purposes:

• The CEDS is a pre-requisite for EDA funding for public works, economic adjustment, and planning grants;
• Serves as a guide for COIC economic development efforts – directing resources and staff time to projects and initiatives of regional value;
• Clarifies partner organization roles in economic development;
• Identifies priorities and projects that are consistent with the economic development strategies, which leads potentially to funding; and
• Identifies regional economic development strategies on which communities within the region can collaborate to bring about sustainable economic prosperity.

CEDS Structure

The CEDS contains the following elements:

• An analysis of economic and community development problems and opportunities including incorporation of any relevant material or suggestions form other government sponsored or supported plans;
• A background and history of the region’s economic development situation, including a resource analysis and a discussion of community participation in the planning effort;
• Goals and objectives for taking advantage of the opportunities and solving the economic development problems of the area;
• A plan of action, including suggested projects to implement objectives and goals set forth in the strategy; and
• Performance measures that will be used to evaluate whether and to what extent goals and objectives have been or are being met.

CEDS Committee

COIC has convened an ad hoc CEDS Committee to guide the 2006 re-write of the CEDS. The committee’s functions are to provide:

1) Guidance and broad perspective throughout CEDS development process. “Big picture” thinkers.

2) Technical expertise in issue areas.

3) Identifying community and economic development needs.

4) Identifying and communicating goals and strategies.

5) A SWOT analysis for the region.

CEDS Committee Representatives:

Public Sector Representatives:

Central Oregon Cities (2 reps)
Oregon Counties
Land Use – City representative
Confed. Tribes of Warm Springs
COCC- Higher Education
COCC – Business Development
COIC – Workforce
Governor’s Regional Coordinator
Economic Development District

Private Sector Representatives:

Economic Development for Central Oregon Central
Bend Chamber of Commerce
Central Oregon Regional Housing Authority
Poverty and Unemployed – Central Oregon Partnership
Natural Resources – Deschutes River Conservency
Sustainability – 3E Strategies