Economic Development

Economic Development District

Eastgate is an Economic Development District (EDD) under the U.S. Depart of Commerce’s Economic Development Administration (EDA). As an EDD, Eastgate plays a key role in local economic development by allowing the region to establish priorities for projects and investments. This process helps EDA more effectively invest federal dollars in sustainable job growth opportunities. EDA supplies a wide range of flexible technical assistance and expertise in its toolbox to allow regions to innovate and respond to changing economic needs and conditions that local governments face.

Comprehensive Economic Development Strategy (CEDS)

The Comprehensive Economic Development Strategy (CEDS) is a legal requirement by the Economic Development Administration (EDA) that officially designates the Economic Development District (EDD) as eligible for EDA funding of public works and development projects for a five-year period of time. The CEDS contains a descriptive analysis of the region’s economic health, its demographic features, and its strengths, weaknesses, opportunities, and threats. The CEDS may be used to update and refine local planning documents, prioritize and fund projects and improvements, and identify opportunities for collaboration.

For more information about the Comprehensive Economic Development Strategy (CEDS) or if you wish to be involved in the CEDS Advisory Council (CAC), please contact Mark Ragozine