Progress Report for the CEDS 2013-2017: Building 21stCentury Economic Development Capacity
The ACOG Planning Division recently completed the progress report for the region’s 5-year “Comprehensive Economic Development Strategy”, or, as most people refer to it – the CEDS. ACOG updates the regional CEDS every five years and prepares annual progress reports for the U.S. Economic Development Administration (EDA). CEDS 2013-2017summarizes not only important regional and county-level economic data, it also emphasizes key areas of economic development including (1) Clusters, Target Industries and Innovation Capacities, (2) Workforce Development, (3)Infrastructure, (4) Available Sites and Buildings, (5) Entrepreneurship, (6)Access to Capital, and (7) Local Asset-Based Development.
The second year of CEDS 2013-2017was a tremendous period in the SC Appalachian Region. Each of the strategy’s original Seven Areas of Emphasis saw excitingdevelopments and capacity expansion. The cluster-based, target industrystrategy is yielding outstanding results, with over $4 billion in capitalinvestment (528% higher than last year); over 5,700 new jobs (177% higher thanlast year); and over 73 announcements since September 2013. Other highlights for the year include theInland Port, which opened less than a year ago, is only beginning to have its anticipated transformational impact on business logistics. In coming months, thanks to federal economic development partners, the new Entrepreneur Friendly Toolkit will be complete—establishing a customized on-line planning tool for local communities to attract and develop local entrepreneurs.To learn more, download the 2014 CEDS Update here. For questions or comments, please contact David Shellhorse, Economic Development Planner, at (864) 241-4649 or email@example.com.