Economic Development District
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. The 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.
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 a 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 CEDS is the result of a continuing economic development planning process which includes 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.