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Showing posts from December 26, 2010

Mayor Dwight Jones Announces Richmond's Eligibility To Pursue Federal EDA Funding

Mayor Dwight C. Jones’ resolution to validate the City Administration’s process for completing a Comprehensive Economic Development Strategy (CEDS) was adopted by Richmond City Council during its final session of 2010. The CEDS was completed by the Jones Administration this fall, and included public and private participation and leadership.

CEDS is an analytical document, which considers important economic development assets and opportunities, such as infrastructure, workforce development, target industries, and others. It makes strategic recommendations based on this analysis, and provides a framework and timeline for implementation of those recommendations. While the CEDS is an important tool to help the City achieve its economic development goals, it is also a prerequisite for access to many of the funding opportunities available through the EDA. Richmond's approved CEDS strategy has now been submitted to the Economic Development Administration (EDA) of the U.S. Department of Co…