WMSRDC is currently conducting the required 5-year update of the regional Comprehensive Economic Development Strategy (CEDS), which is due on January 1, 2018. Keep an eye on this webpage for news and updates as the project progresses!
Just Getting Started
The first step in the CEDS planning process is to engage public and private stakeholders to identify the region’s strengths, weaknesses, opportunities, and threats. “SWOT sessions” were coordinated in fall 2016 through economic development boards and committees in the counties of Lake, Mason, Muskegon, Newaygo, and Oceana. Results of the SWOT analyses will cascade into discussions about where the region’s economy is going and identifying factors that can ensure the long-term success, viability, and durability of the regional economy. Click here to download the Regional SWOT Analysis Report.
About the CEDS
The CEDS is a strategy-driven plan for regional economic development, and is the result of a regionally-owned planning process designed to build capacity and guide the economic prosperity and resiliency of a region. The CEDS is required to maintain the region’s designation as an Economic Development District (EDD) by the U.S. Department of Commerce, Economic Development Administration (EDA). This designation enables communities within the WMSRDC region to remain eligible for EDA funding programs. Since 1966, EDA has made over 40 investments in the WMSRDC region, including those in industrial park and infrastructure improvements, technology centers, technical assistance, and loans. Development of the CEDS is led by WMSRDC, overseen by the CEDS Committee, and approved by the WMSRDC Board. As the designated EDD for the counties of Lake, Mason, Muskegon, Newaygo and Oceana, WMSRDC is required to maintain the CEDS annually and update it every five years. Preparation of the CEDS is overseen by a committee of representatives from throughout the WMSRDC region which meets quarterly.