Economic Development Workshop - EDA Denver


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On June 8, 2012, the Denver Regional Office of the Economic Development Administration held a workshop for economic development districts. This presentation was given as part of EDA's Know Your Region curriculum on economic development planning.

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Economic Development Workshop - EDA Denver

  2. 2. Know Your Region: Overview Federal context CEDS best practices EDD innovations Data tools
  3. 3. Federal Context:Big Picture Considerations
  4. 4. Federal Context Federal budget deficits and debt Defining federal role in economic development Administration Priorities Quality of place Regional innovation and collaboration across sectors Federal interagency partnerships Advanced manufacturing
  5. 5. Wordle™ of remarks prepared for delivery by John Fernandez, Assistant Secretary of Commerce for Economic Development, at the 18th Annual Conference of the National Association of Seed and Venture Funds in Arlington, Texas, on October 19, 2011. Source:
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  7. 7. Wordle™ of remarks prepared for delivery by Matt Erskine, Acting Assistant Secretary of Commerce for Economic Development, at National Association of Development Organizations 2012 Washington Policy Conference in Arlington, VA, on March 20, 2012.
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  10. 10. CEDS Standards of ExcellenceNADO’s Peer Guidance Developed by EDDs
  11. 11. Commitment to ExcellenceAs a national network, This includes fostering aAmerica’s EDDs are regional strategic planning and implementation frameworkcommitted to pursuing that is:excellence and innovation • results orientedin both regional economic • focused on aligning anddevelopment and leveraging resources • inclusive of public, privateorganizational and nonprofit sector leadersperformance. • emphasizes the importance of asset-based regional economic development
  12. 12. CEDS Standards of Excellence1. Build more resilient economies and communities by focusing and targeting regional strategies on the existing and potential competitive advantages of each individual region.2. Foster a regional collaborative framework to strategically align public sector investments from federal, state and local sources, as well as private, nonprofit and philanthropic partners.
  13. 13. CEDS Standards of Excellence3. Use modern scenario, data and analysis tools and planning techniques that provide policy makers, stakeholders and the public with evidence-based and factual based information.4. Transform the CEDS process into a more strategy-driven planning process focused on regional visioning, priorities setting and performance outcomes, rather than broad- based encyclopedia or narrative of the region with a laundry list of random projects and programs.
  14. 14. CEDS Standards of Excellence5. Promote and support peer reviews and exchanges of Economic Development District planning professionals and policy officials with the goal of increasing collaboration across EDD boundaries, enhancing organizational resources, and positioning regional CEDS as more effective building blocks for statewide and local strategies.
  15. 15. CEDS Standards of Excellence6. Communicate in a compelling and modern communication style, including use of executive summaries, high quality print and online media, and social media.7. Engage the public, private, nonprofit and educational sectors, along with the general public, in the development and implementation of the CEDS.
  16. 16. CEDS Noteworthy Practices:Statewide Collaboration & Modernization
  17. 17. CEDS Best Practices Growing recognition of value in statewide EDD collaboration—common standards, resource sharing, peer accountability, & opportunities for playing larger role Process and product—capitalizing on CEDS potential will require more attention to the way information is communicated
  18. 18. Known EDD-Led Statewide CEDS Initiatives Source: NADO. As of March 29, 2012.
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  22. 22. NC TOMORROWA Collaborative for Sustainable Economic Growth
  23. 23. CEDS Best Practices:Modern Approaches
  24. 24. CEDS Modernization Professional look—attractive template (does not have to be Word), pull quotes, photos Smart format—executive summary, web presence (not just PDF), appendices Relevant data—compelling data analysis in context of SWOT assessment Strategic projects—incorporate in plan and performance measures Adapted from CEDS Peer Standards of Excellence:
  25. 25. EDA Draft CEDS Regulations Promote regional economic resiliency Four key elements Summary of economic development conditions In-depth SWOT analysis Strategies and implementation plan Performance measurements to evaluate success List of specific projects is optional EDA plans to publish additional guidance Adapted from CEDS Peer Standards of Excellence:
  26. 26. Common Data Template
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  35. 35. CEDS: Breaking Down Silos Increasing focus on how CEDS can be leveraged to fulfill objectives of other planning programs EDA supportive of inter- disciplinary approaches
  36. 36. EDD Innovations:Redefining Role Through “Bottom-Up” Regional Strategies
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  48. 48. Data Tools
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  53. 53. The NADO Research Foundation would like to thank EDA for their support of the Know Your Region project. This work is supported by the U.S. Economic Development Administration (EDA) under Agreement No. 99-06-07548, and is part of the Know Your Region project ( opinions, findings and conclusions, or recommendations expressed in this webinar are those of the author(s) and do not necessarily reflect the views of EDA or The NADO Research Foundation.
  54. 54. National Association of Development Organizations (NADO) and the NADO Research Foundation 400 North Capitol Street, NW | Suite 390 | Washington, DC | | 202.624.7806 | Regional Strategies. Solutions. Partnerships.
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