A CEDS is designed to bring together the public and private sectors in the creation of an economic roadmap to diversify and strengthen regional economies. The CEDS analyzes the regional economy and serve as a guide for establishing regional goals and objectives, developing and implementing a regional plan of action, and identifying investment priorities and funding sources. A CEDS integrates a region’s human and physical capital planning in the service of economic development.
Integrated economic development planning provides the flexibility to adapt to global economic conditions and fully utilize the region’s unique advantages to maximize economic opportunity for its residents by attracting the private investment that creates jobs for the region’s residents. The CEDS is a continuing economic development planning process developed with broad-based and diverse public and private sector participation, which sets forth the goals and objectives necessary to solve the economic development problems of the region and clearly define the metrics of success. Finally, a CEDS provides a useful benchmark by which a regional economy can evaluate opportunities with other regions in the national economy.
It includes the counties of Anson, Cabarrus, Gastonia, Iredell, Lincoln, Mecklenburg, Stanly, Rowan and Union.
The Centralina Regional CEDS, entitled “No Boundaries”, was completed in 2007 and identified several key regional priorities for the 2007-2012 five year plan:
Incorporating Advanced Manufacturing in all business sector that can adopt it
To learn more about the background and the development of the No Boundaries report follow the links below: