Executive Summary Our Approach to Economic Development and the 2023 CEDS The Southeastern Regional Planning and Economic Development District (SRPEDD) is proud of our long partnership with the U.S. Economic Development Administration (U.S. EDA). Working with the communities, businesses, and people of Southeastern Massachusetts, U.S. EDA and SRPEDD have a successful track record: • In our role as the region’s federally designated Economic Development District (the “EDD” in SRPEDD), we collaborate with U.S. EDA to bring millions of dollars of public and private investments into the region each year.
This 2023 CEDS presents the region’s current economic development goals, our latest target redevelopment sites, and commonsense permitting and financing strategies. It also serves as a guidebook, a vision statement, and an inventory of opportunities. And – because SRPEDD understands that the business and development communities look to the public sector to be a reliable partner – it sets clear goals, relies on good data, and creates reasonable expectations – all in an effort to provide sufficient, necessary, but not excessive planning.
With our long history and straightforward approach in mind, SRPEDD has created the 2023 CEDS to meet all U.S. EDA standards while also being concise, graphically designed, and actionable. SRPEDD will also respond to new U.S. EDA recommendations that CEDS documents should be flexible • We act as co-sponsors and grantand responsive to changing economic writers for numerous federal and state conditions by making room for annual applications; in this way, we pursue coordinated investments and meaningful updates, tracking performance measures, and creating direct links to our new EDD incentives to ensure that economic development takes place where and how web page. Finally, as always, this new CEDS will build on the strong foundation of our communities want it. region’s longstanding relationship with U.S. • We host and staff an increasingly active EDA to advance national, state, and local and diverse Regional Economic Strategy economic development priorities. Committee (RESC). • In partnership with local jurisdictions, businesses, and academic communities, we advance a wide variety of economic development activities, projects, and plans.
• And, finally, we develop and maintain the region’s Comprehensive Economic Development Strategy (CEDS). 4
