Comprehensive Economic Development Strategy 2022
The primary purpose of the Comprehensive Economic Development Strategy (CEDS) is to provide a comprehensive, performance-based strategy to strengthen the region. The process includes an analysis of the region’s economy, established plans, area challenges & opportunities, with strategies and tactics for moving the region forward.
The Upper Coastal Plain CEDS 2023-2027 (2023 Annual Update) is designed to identify both regional and local priorities for economic, community and human development. It strives to take a holistic approach, recognizing that the many complex issues and systems are interconnected and reliant upon each other. The success of this strategy relies on informed stakeholder input, key baseline data and facts, and partnership action on implementation. Working together as a region on these agreed upon strategies and actions will result in a more resilient, thriving, equitable economy and community.
Every 5 years, UCPCOG fully updates this strategic plan for the region. The CEDS is a locally based, regionally-driven economic development process and document that engages community leaders, private sector partners, and other stakeholders in planning and acting for the future. The process is designed to identify locally-grown strategies that will guide regional economic development, encourage partnerships and collaboration, and improve economic outcomes and overall quality of life in the region. Included in this plan is a summary of the economic conditions of the region, an analysis of regional strengths, weaknesses, opportunities and threats (commonly known as a “SWOT” analysis), an action plan, and an evaluation framework to monitor performance and the CEDS’ impact on the regional economy. Economic resilience — or the ability to prevent, withstand, and quickly recover from major disruptions to the economic base — is also a key component of the CEDS.
CEDS COVID-19 Addendum
On January 19, 2021, the UCPCOG Board of Directors, acting in their role as CEDS Advisory Committee, adopted this CEDS COVID-19 Addendum.