10 Priority Projects Identified in Final CEDS Draft
The draft five-year update to the Comprehensive Economic Development Strategy, or CEDS, for Cape Cod was released last month for its required public comment period, which ended May 23.
The Strategy sets goals, priorities, and evaluation requirements for the coming five years. Central to the plan is a set of regional priority projects to be completed over the next five years and a work plan for the Commission’s Economic Development Department over the next year. The plan also includes economic and demographic data that continues to be updated for the final draft.
The ten regional priority projects included in the 2014 CEDS update are:
- Wastewater infrastructure and planning for identified growth areas
- Last mile broadband build-out
- Expedited permitting in identified growth areas
- Strategic Information Office regional services
- Cape Cod Capital Trust Fund for infrastructure financing
- Business development revolving loan fund
- Integrated infrastructure planning
- Regional harbor planning and infrastructure evaluation
- Commuter rail impact analysis
- Climate change economic impacts assessment
In December of 2013, the 15 towns of Cape Cod were designated an Economic Development District by the Economic Development Administration (EDA). This designation indicates a commitment on the part of the EDA to providing financial assistance to economic development in distressed communities on Cape Cod. EDA assistance will be essential to completing and implementing the CEDS going forward.
The CEDS draft can be found at http://www.capecodcommission.org/ceds. It will be submitted to the U.S. Economic Development Administration by June 30, 2014.