Economic Development

NWCCOG to Create Comprehensive Economic Development Strategy (CEDS) and Apply for Economic Development District (EDD) Status Through the U.S. Economic Development Administration

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What's New:  NWCCOG Holds CEDS Advisory Committee Kick-Off Meeting on July 19, 2010

• CEDSAC Kick-Off Meeting Presentation
• Meeting Minutes - 7/19/2010 CEDSAC Meeting
• CEDSAC Roster
• EDA Planning Grant Award for CEDS Development
• Requirements for EDA-Funded CEDS
• EDA Funding Priorities

Click HERE to view the 2010 NWCCOG CEDS Working Draft

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April 5, 2010 - WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $35,000 grant to the Northwest Colorado Council of Governments of Silverthorne, Colo., to help develop a comprehensive economic development strategy (CEDS) for the organization's five-county service area.

Economic recovery and growth are top priorities for the Obama Administration. This EDA grant will develop a strategy to guide northwest Colorado as we work to advance regional competitiveness, spur innovation and entrepreneurship, create higher-skill, living-wage jobs and promote industry clusters. This important EDA funding will allow the Northwest Colorado Council of Governments to assist with economic diversification and cultivate a favorable entrepreneurial environment during this economic recession. This was the number one need revealed in the 2009 Member Needs Assessment Survey.

This grant begins a partnership between NWCCOG and the EDA, whose mission is to lead the federal economic development agenda by promoting competitiveness and preparing American regions for growth and success in the worldwide economy. EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster job creation, collaboration and innovation.‪ EDA Funding Priorities and Programs

NWCCOG will be developing a Comprehensive Economic Development Strategy (CEDS) for the region over the next 14 months. The CEDS is a document, resulting from an extensive planning process, which sets forth the NWCCOG region's vision, goals, strategies, and priorities for the next 5 years. Upon completion, the CEDS, along with other required district designation materials, will be submitted to the EDA for Economic Development District status for NWCCOG. Once granted, the EDD will be eligible for EDA grants which help to fulfill regional economic development strategies designed to accelerate innovation and entrepreneurship, advance regional competitiveness, create higher-skill, living-wage jobs, generate private investment, and fortify and grow industry clusters.

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New Reports:

• June 2009 Update:  Focus Colorado: Economic & Revenue Forecast - 2008 - 2012 (prepared by the Colorado Legislative Council)

Chambers of Commerce in the Region:

• Eagle Valley Chamber of Commerce
• Vail Chamber & Business Association
• Grand County Chamber of Commerce
• Kremmling Area Chamber of Commerce
• Winter Park & Fraser Valley Chamber of Commerce
• Aspen Chamber of Commerce
• Summit County Chamber of Commerce
• Breckenridge Resort Chamber

Useful Links:

Colorado Rural Development Council
Colorado Rural Development Council - 2008 Annual Report on the Status of Rural Colorado