WHat is a ceds?
The Kentuckiana Regional Planning and Development Agency (KIPDA) is a designated Economic Development District (EDD) through the U.S. Economic Development Administration (EDA). As the region’s Area Development District (ADD), KIPDA is required to develop a Comprehensive Economic Development Strategy (CEDS) that identifies regional priorities and economic and community development strategies.
KIPDA provides regional planning, review and technical services in the areas of community/economic development, social services and transportation as well as community ride-sharing programs for a nine county area centered around Metro Louisville; including Bullitt, Henry, Jefferson, Oldham, Shelby, Spencer, and Trimble counties in Kentucky and Clark and Floyd counties in Indiana. KIPDA also coordinates various services for persons 60 years of age and over. The agency is designated by the Kentucky State Clearinghouse as the regional review agency for virtually all applications for federal and or state funds made by organizations or governments within the Commonwealth of Kentucky.
This plan follows the new guidelines released by the U.S. Economic Development Administration in February 2015. The CEDS strategies were developed in coordinated effort between local government officials, community representatives, and each KIPDA department.
The following required four sections form the basis of the KIPDA Comprehensive Economic Development Strategy (1) :
Summary Background: A summary background of the economic conditions of the region
SWOT Analysis: An in-depth analysis of regional strengths, weaknesses, opportunities and threats (commonly known as a “SWOT” analysis)
Strategic Direction/Action Plan: The strategic direction and action plan should build on findings from the SWOT analysis and incorporate/integrate elements from other regional plans (e.g., land use and transportation, workforce development, etc.) where appropriate as determined by the EDD or community/region engaged in development of the CEDS. The action plan should also identify the stakeholder(s) responsible for implementation, timetables, and opportunities for the integrated use of other local, state, and federal funds
Evaluation Framework: Performance measures used to evaluate the organization’s implementation of the CEDS and impact on the regional economy.