Comprehensive Economic Development Strategy (CEDS)
The Comprehensive Economic Development Strategy (CEDS) is the region's strategy-driven framework to increase economic productivity, diversify local wealth, improve the culture for underrepresented businesses, and increase individual prosperity for the region's residents. This CEDS covers a nine-county region—Bucks, Chester, Delaware, Montgomery, and Philadelphia in Pennsylvania, and Burlington, Camden, Gloucester, and Mercer in New Jersey. The CEDS was developed through guidance and support by an Economic Development Committee made up of public-and private-sector representatives.
Previous CEDS Reports
Census Tracts Eligible for US Economic Development Administration Funding
Per Capita Income
Growing Greater Philadelphia Economic Development Projects
What role do projects play in the CEDS?
The final part of the CEDS is to identify key economic development projects and initiatives that, if and when completed, will advance Greater Philadelphia's regional economic development goals and objectives. While most (if not all) of these projects support more than one goal, they are categorized based on the primary goal that they advance (investing in people, investing in places, or supporting businesses). Within these categories, projects are further differentiated by DVRPC project type, based on their primary objective. These types include workforce development and retention; transportation and goods movement infrastructure; environmental and/or energy infrastructure; community development and brownfields remediation; research and development, including campus expansions, corporate centers, and industrial parks; commercialization and innovation centers; regional business promotion initiatives; funding programs, including venture capital; and economic impact studies.
What is the value to my project being included in the Greater Philadelphia CEDS?
The CEDS is a regional plan for economic growth created by a diverse set of stakeholders. It is helpful for the rest of the region, as well as potential new businesses, to understand what the region is trying to accomplish. Inclusion of your project in the CEDS indicates it is aligned with regional goals for growth. Identification of your project as a priority project indicates the project is expected to have the greatest impacts on achieving the regional goals.
While inclusion of your project in no way guarantees funding of any sort, many federal agencies look more favorably upon projects which have the kind of broad support inclusion in a region CEDS indicates. EDA often requires a CEDS be in place for a region in order for a project grant application to be considered.
Who can submit projects for inclusion into the CEDS?
Any private or public entityt or consortium of entities can submit a project.
Will every project submitted be identified into the CEDS?
Yes, the EDA requires that all projects submitted should be acknowledged in the CEDS. Every project has some merit, and the CEDS identifies potential public and private development initiatives. However, certain projects will be prioritized. The purpose of this prioritized list is to publically acknowledge the top actions that will result in the most significant progress towards the region's economic development goals.
How will vital projects be identified and prioritized?
The overarching purpose in identifying projects is to publicly acknowledge the top actions our region can support that will make demonstrable progress towards our regional economic development goals. Growing Greater Philadelphia outlines a set of measurable goals with objectives and strategies. Projects consistent with these objectives and strategies and can demonstrate a compelling argument for their relationship to the goals will be prioritized.
Is there a deadline to submit a project?
No, project can be submitted at any time. DVRPC staff can also provide assistance with a formal funding application to EDA. If you are interested, please make sure to check the appropriate box in the project questionnaire. However, if you have an existing project, please log into the database and update any information as needed.
Are there any required elements for a submission?Project submission includes 5 sections:
- Applicant Information
- Applicant Capacity
- Project Information
- Economic Development Needs
- Project Readiness
These should be filled out to the best of your knowledge. If you are not finished with the project submission, hit the SAVE button at the bottom of the screen. Once you hit the SUBMIT button, the project will be locked for review.
- View the current list of projects.