Comprehensive Economic Development Strategy
Overview
As the designated Economic Development District (EDD) by the Economic Development Administration (EDA), the RPCGB is responsible for developing the Comprehensive Economic Development Strategy (CEDS) for the six-county region.
What is the CEDS?
The CEDS is a strategy-driven plan for regional economic growth. It is developed by the RPCGB staff and steering committees comprised of local officials, economic development representatives, business leaders, and other regional stakeholders. This plan is designed to prioritize regional economic needs, support capacity building for local communities, and guide the economic prosperity and resiliency of the Greater Birmingham region. As required by the EDA, the CEDS is fully updated every five years.
How is the CEDS used?
This document is constructed to be used as a roadmap for advancing and diversifying the regional economy. The CEDS uses regional assets, challenges, and economic trends to develop a Plan of Action for the region. This plan outlines different performance measures, growth strategies, and action items for directing the prioritization and implementation of projects throughout the six-county region. Member governments and organizations can utilize the content of the CEDS as a guide for the development of grant applications and other projects to enhance economic opportunities for their residents and communities. Specifically, projects seeking EDA assistance must connect to the growth strategies and action items outlined in the CEDS to be considered for funding.
Advance Greater Birmingham: CEDS 2023-2028
EDD staff, along with the 2023-2028 CEDS Strategy Committee, recently completed the CEDS Update planning process. The Advance Greater Birmingham plan will serve as a guidepost for economic development in the region for the next five years. Click the button below to review the plan.
For more information or to ask questions about the CEDS, contact Allie Haynes.