A CEDS is the result of a local planning process designed to guide the economic growth of a region. REDC has been the keeper of the region's CEDS since 2000. As a result of its diligent planning, REDC achieved designation as the only Economic Development District (EDD) in Southern New Hampshire. The U.S. Economic Development Administration (EDA) bestowed the EDD designation on REDC in 2003. As part of the EDD designation, REDC is awarded funding to continue the important task of planning for our region's economic
growth, to include annually updating the region's CEDS. A CEDS is required to qualify for EDA assistance under its Public Works and Planning Programs.
A CEDS is a plan that outlines a region's economic development needs and goals. It emerges from a continuous planning process developed with a broad based and diverse community participation that addresses the economic potential of an area. The strategy should promote sustainable economic development and opportunity, foster effective transportation systems, enhance and protect the environment and balance resources through sound management of development.
Every five years the CEDS planning process includes an evaluation of the region's strengths and weaknesses, and the opportunities for and threats to economic development. The conclusion of the planning process is the development of the goals for our region. In 2010, REDC, together with input from the region's stakeholders, completed the planning process and developed the following categories:
For more information about the CEDS Goals, please refer to the 2010 CEDS.
REDC recently secured a $251,000 grant on behalf of Smuttynose Brewery and the Town of Hampton. This public works grant will allow Smuttynose to build a new restaurant and brewery at the Towle Farm in Hampton. The building will give Smuttynose more space, improved efficiency, sustainability, and a healthier workplace, as well as create quality manufacturing jobs in an area hit hard by unemployment. Faced with moving or demolishing the existing Victorian farmhouse, Smuttynose instead plans to retrofit the mid-nineteenth century building with LEED Gold certification, including an insulated building envelope, the use of daylighting, and natural ventilation.
Part of the annual CEDS process includes the development of a Priority Project List for the REDC region. Priority Projects are local or regional development projects and/or studies that meet one or more of the CEDS 2010-2014 Regional Goals.
Submitting a project for inclusion on the CEDS Priority Project List is the first step in identifying potential funding opportunities under the U.S. Department of Commerce, Economic Development Administration (EDA). While not all projects meet subsequent requirements for funding under EDA guidelines, the inclusion of projects on the Priority Project List for the region may have a positive effect for a project's possible funding under other federally funded grant sources, such as USDA/Rural Development, HUD and DOL. In addition, a project MUST be on the list to be considered for certain EDA grant opportunities. EDA-funded eligible projects include any public infrastructure or construction project that will ultimately lead to the creation of new private industry jobs.
If you would like to discuss a potential project or learn more about the submittal process, please feel free to contact Jen Kimball directly at 772-2655 or by email at firstname.lastname@example.org.