Comprehensive Economic Development Strategy
The Comprehensive Economic Development Strategy (CEDS) is a strategy-driven plan for regional economic development.
The Big Table: Greater Peoria
2021 - 2025 CEDS
After nearly two years of planning and engaged discussions with community members, the Greater Peoria Economic Development Council (GPEDC) is set to release the region’s 5-year Comprehensive Economic Development Strategy (CEDS) for public comment before it is officially adopted by the five counties GPEDC serves: Logan, Mason, Peoria, Woodford, and Tazewell.
Over the next five years, the Greater Peoria CEDS Committee and the GPEDC will monitor the progress and continue building the partnerships necessary to achieve the CEDS goals. In the spirit of the Big Table: Greater Peoria initiative, this document intends to serve as a tool for better communication and collaboration toward the work of building a more thriving, equitable and sustainable regional economy.
What is the CEDS?
From the EDA: The Comprehensive Economic Development Strategy (CEDS) contributes to effective economic development in America’s communities and regions through a locally-based, regionally-driven economic development planning process. Economic development planning – as implemented through the CEDS – is not only a cornerstone of the U.S. Economic Development Administration’s (EDA) programs, but successfully serves as a means to engage community leaders, leverage the involvement of the private sector, and establish a strategic blueprint for regional collaboration.
The CEDS provides the capacity-building foundation by which the public sector, working in conjunction with other economic actors (individuals, firms, industries), creates the environment for regional economic prosperity.