Certified by the U.S. Dept. of Commerce as an Economic Development District (EDD) in 1987, CDRPC receives annual grants from the Economic Development Administration (EDA) for Regional economic planning. Inclusion of the four counties in the EDD also allows them to be eligible for EDA technical assistance and public works grants.
EDA financial support materially assists the Planning Commission in the collection and publication of demographic and economic data and information for the Region.
FY 2016 Economic Development Assistance Programs
Under the current Federal Funding Opportunity (FFO), the EDA is accepting proposals from applicants in rural and urban areas to provide investments that support construction, non-construction, technical assistance, and revolving loan fund projects under EDA’s Public Works and EAA programs. Grants and cooperative agreements made under these programs are designed to leverage existing regional assets and support the implementation of economic development strategies that advance new ideas and creative approaches to advance economic prosperity in distressed communities. EDA provides strategic investments on a competitive- merit-basis to support economic development, foster job creation, and attract private investment in economically distressed areas of the United States.
The complete FFO can be viewed here.
Comprehensive Economic Development Strategy
A federal Comprehensive Economic Development Strategy (CEDS) is designed to bring together the public and private sectors in the creation of an plan to strengthen and diversify a regional economy. The Capital District CEDS is developed by analyzing the regional economy and based on that information, serves as a guide for establishing regional goals and objectives, developing and implementing a regional plan of action, and identifying investment priorities and funding sources.
Our region’s CENS is the result of a continuing economic development planning process which includes with broad-based and diverse public and private sector participation. It identifies the goals and objectives necessary to address our region’s economic development challenges and identifies the metrics of success. The CEDS also provides the region with a useful benchmark by which a regional economy can evaluate opportunities with other regions in the national economy.
The current CEDS can be viewed here.
For more information, contact:
Sean M. Maguire, MPA AICP
Director of Economic Development