To: Board of Supervisors
From: County Administrative Office
SUBJECT:
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Prosperity 2018: Comprehensive Economic Development Strategy
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RECOMMENDATION(S):
Recommendation
That the Board of Supervisors receive a staff report about the public engagement process to update the county's Comprehensive Economic Development Strategy (CEDS) and the resulting recommended documents for adoption; give the County Administrative Officer authority to direct as necessary the relevant departments and department heads to participate in the implementation of the economic development strategies identified in the CEDS; and adopt Prosperity 2018! as Humboldt County's CEDS for 2018-2023 or until updated.
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SOURCE OF FUNDING:
Grant from US-Economic Development Administration (EDA), Headwaters Fund (HWF), Workforce Development Board-High performing Grant (WDB-HPG), County Set-Aside funds (Fund 3842), and Redwood Region Economic Development Commission (RREDC).
DISCUSSION:
The Comprehensive Economic Development Strategy (CEDS) is a local economic development plan meant to help guide investment by federal, state and local resources. CEDS are funded, in part, by the US Economic Development Administration (EDA). A CEDS is required to access many federal grant and loan programs.
The EDA requires that the CEDS process follow a defined approach meant to encourage regional engagement in economic development planning. Primary goals of the CEDS include identifying local projects and developing processes to help local governments recognize strengths, weaknesses, opportunities and threats (SWOT) related to the local economy. EDA expects the CEDS to outline how they will manage through economic shocks to the local economy, including natural disasters and man made changes to the economy.
EDA requires the lead organization to develop a strategy committee to lead the CEDS process. The Humboldt Workforce Development Board (WDB) led the local effort. The WDB assigned the project...
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