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New Greater Sacramento Region Comprehensive Economic Development Strategy (CEDS) Approved by U.S. Economic Development Administration

By Trish Kelly

Valley Vision is extremely pleased to report that the Economic Development Administration (EDA), U.S. Dept. of Commerce, has officially approved the Greater Sacramento Region’s Comprehensive Economic Development Strategy (CEDS), known as the Prosperity Strategy. It will be current for five years and provides eligibility for EDA funding for its many programs supporting regional economic resiliency, innovation and recovery, across the six-county region.

The CEDS is the culmination of two years of intensive collaborative research and strategic planning led by a partnership of the Greater Sacramento Economic Council, the Sacramento Metro Chamber of Commerce, the Sacramento Area Council of Governments (SACOG), and Valley Vision, with funding support from EDA.  Building upon a call to action from an assessment of the regional economy by the Brookings Institution in 2018, the CEDS contains six core strategies and related initiatives, within a framework of inclusive economic development to drive equitable and sustainable prosperity. The CEDS also follows upon the foundation built by the previous CEDS, Next Economy.

We’re grateful to the more than 400 community leaders and representatives across the region who contributed their valuable ideas, expertise and guidance throughout the process, including members of the CEDS Steering Committee. The CEDS is a living document, meant to be updated to reflect current economic conditions, to guide investments toward impactful and meaningful outcomes, and to track progress toward key initiatives and goals. Given the realities of COVID-19, the partners have created a short term “Bridge to Action” for inclusive economic recovery and growth – The Path Forward.

The partners along with the Sacramento Asian-Pacific Chamber of Commerce are committed to advancing the wellbeing of the region through collaborative and shared implementation of the CEDS. EDA will continue to be a valued partner in this process. EDA’s approval letter stated: “We commend your organization and your regional partners for this excellent effort, and we look forward to working with you as you continue to address the economic development planning and implementation needs of the region.” Please click here for the full CEDS and the Path Forward, and contact Valley Vision if you need information on EDA applications and/or letters of support. We welcome your participation and input, so please be in touch as we all work together for the future of our region.

Trish Kelly is Valley Vision’s Managing Director, leading its food, agriculture, workforce, and broadband initiatives.

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