Comprehensive Economic Development Strategy (CEDS)
Although each county and city approaches the economic development process differently, they are united in advancing common goals:
- Investing in people to support a workforce that is prepared to meet the evolving needs of the region's employers.
- Investing in places to create attractive communities where employers and employees will want to live, work, and invest.
- Supporting businesses to facilitate business retention, expansion, and attraction.
Census Tracts Eligible for US Economic Development Administration Funding
Per Capita Income
Investing in People & Places: Greater Philadelphia's Economic Development Strategy
Investing in People & Places: Greater Philadelphia's Economic Development Strategy fulfills the U.S. Economic Development Administration (EDA)'s requirement for a regional Comprehensive Economic Development Strategy (CEDS). Investing in People & Places covers the nine-county DVRPC region and includes an overview of Greater Philadelphia's regional economy; identifies regional strengths, weaknesses, opportunities, and threats; indicates performance measures that will be tracked in future years to measure progress made toward achieving the regional goals; and contains a list of key regional economic development projects and activities designed to advance the CEDS goals and objectives.
The regional CEDS is updated annually and was developed under the guidance of a Review Committee that includes representatives of state, county, and city planning and economic development agencies; regional economic development organizations; chambers of commerce; academia; and the private sector.
Key Regional Economic Development Projects
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.
Projects may be submitted through the online database.