Comprehensive Economic Development Strategy

Comprehensive Economic Development Strategy (CEDS)

The Comprehensive Economic Development Strategy (CEDS) Committee, in partnership with the Orange County Workforce Investment Board (OCWIB) and on behalf of the Orange County Board of Supervisors provides an accurate and continuous economic development and management program.

To provide these services, the CEDS Committee facilitates the research and preparation of data and studies that accurately guide the future direction of development for Orange County's economy. This is done through the creation of partnerships with public and private sectors in order to provide long term, stable employment opportunities and to enhance business opportunities for an improved Orange County economy.

Economic Development Administration Overview

The following is a brief overview of the Economic Development Administration and its relationship with the Orange County CEDS Committee.

To provide these services, the CEDS Committee facilitates the research and preparation of data and studies that accurately guide the future direction of development for Orange County's economy. This is done through the creation of partnerships with the public and private sectors in order to provide long term, stable employment opportunities and to enhance business opportunities for an improved Orange County economy.

A CEDS is required to qualify for Economic Development Administration (EDA) assistance under its public works, economic adjustment, and most planning programs.
It is the result of a local planning process designed to guide the economic growth of an area.
A CEDS process will:
Create jobs
Foster more stable and diversified economies
Raise income levels
Improve the quality of life
Protect the environment
A CEDS Committee provides:
A mechanism for coordinating the efforts of individuals, organizations, local governments, and private industry concerned with economic development.
A CEDS Committee is governed under the Economic Development Administration Reauthorization Act of 2004 (Public Law 108-373)
EDA Funding comes from three different programs
1. Public Works & Economic Development Facilities Assistance Program
  - 2005 - $164,367,851
  - 2004 - $200,151,000
2. Planning Program: Planning Assistance for Economic Development Districts, Indian Tribes, State, and Other Planning Organizations
  - 2005 - $24,172,759
  - 2004 - $23,747,000
3. Economic Adjustment Assistance Program
  - 2005 - $44,793,601
  - 2004 - $40,470,000

Past Projects

CEDS partnership with EDA = results for the OC economy
The figures below represent the monies that CEDS has leveraged since 1997, which have contributed to the overall growth of Orange County's economic activity. The total dollar amount invested in OC Business Development from these projects is $15,775,000.

$2.3 million - City of Anaheim - Technology Center

$1 million - City of Garden Grove - Infrastructure Improvements

$1 million - City of Stanton - Infrastructure Improvements

$1.5 million - COR Community Development Corp - Digital Media Incubator

$250,000 - CEDS - Regional IT Infrastructure Assessment

$2.725 million - Asian E-Business Development Incubator

$2 million - City of La Habra - Infrastructure Improvements