East Central Vermont EDD adopts 2020-2025 CEDS plan

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East Central Vermont EDD adopts 2020-2025 CEDS plan

Tue, 06/30/2020 - 3:39pm -- tim

Vermont Business Magazine The East Central Vermont Economic Development District (ECVEDD) has adopted a new 5-year Comprehensive Economic Development Strategy (CEDS). This plan replaces the District’s 2016-2021 CEDS, and features strategies and actions that promote regional resilience, business innovation, workforce development and retention, robust infrastructure, quality of life and place, and healthy communities.

It also prioritizes economic recovery in the wake of COVID-19. The plan is available at: www.ecvedd.org/ceds

The CEDS update process was led by a Strategy Committee comprised of volunteers from communities throughout the District. Technical assistance was provided by the District partners: Two Rivers-Ottauquechee Regional Commission, Southern Windsor County Regional Planning Commission, Springfield Regional Development Corporation, and Green Mountain Economic Development Corporation.

The plan was informed by input gathered from a diverse set stakeholders including, but not limited to: public officials, health professionals, chambers of commerce, private business owners, and workforce and education representatives.

A CEDS is a strategy-driven, regionally developed guide for community and economic development, with the ultimate goal of having a stronger, more diverse regional and resilient economy.

The CEDS process provides the opportunity for individuals, organizations, local governments, educational institutions, and private industry to engage in meaningful discussions about what economic development efforts could best serve the region.

Maintaining a federally-approved CEDS also qualifies the region to access certain economic development grants through the US Economic Development Administration (EDA).

The federally designated ECVEDD was established in 2013 and consists of 40 towns within parts of Addison, Orange, Rutland, and Windsor Counties in Vermont.

Its mission is to access and provide resources and to facilitate and support quality decision making for the benefit of entrepreneurs, businesses, and communities in East Central Vermont.

The District is tasked with developing, maintaining, and implementing the region’s CEDS plan. The District designation has also enabled the region to access supplemental federal economic recovery assistance in response to the COVID-19 pandemic.

Source: Two Rivers-Ottauquechee Regional Commission. Woodstock, VT 6.30.2020