The Focus Forward Comprehensive Economic Development Strategy (CEDS) was developed over a two year period through a collaboration of public and private partners and over 1200 volunteers passionate about moving Greater Peoria forward with a SMART, asset-based strategy. The plan includes four pillars and a variety of goals and strategies currently being deployed by over a dozen regional organizations.
Comprehensive Economic Development Strategy
The five counties of Logan, Mason, Peoria, Tazewell, and Woodford are collectively a designated Economic Development District (EDD) by the Economic Development Administration (EDA). The Greater Peoria EDC is the organization that manages that designation.
Every five years, the Greater Peoria EDC develops and submits a Comprehensive Economic Development Strategy (CEDS) to the EDA. We provide annual updates showcasing the progress of our region on the implementation of that strategy.
The CEDS document is important, not only because it guides the regional economic development strategies of our organization and many of our partners, but it also can provide access to funding opportunities through the EDA. Stategies and projects included in our CEDS are more likely to successfully receive EDA grants.
Our current CEDS is called Focus Forward and was developed in 2012-2013 through a collaboration of public and private partners in Greater Peoria led by an economic development consulting firm, Vital Economy.
Past CEDS: CEDS 2012-2017
The Focus Forward Strategy has the following key metric goals guiding our efforts:
- Increase in Population
- Increase in 25-44 Year Olds
- Increase in High Quality Jobs
- Increase in Average Wages
- Increase in the Attainment of Bachelor and Graduate Degrees
The Greater Peoria EDC is the central agency monitoring the progress of the Focus Forward Strategy while also implementing key aspects of the strategy including business and workforce development initiatives and regional marketing.
Dozens of organizations in Greater Peoria are also participating in the development and implementation of strategies in support of the Focus Forward goals.