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MMMMI <br />Introduction <br />Introduction <br />The Comprehensive Economic Development Strategy (CEDS) for the Triangle J region examines local <br />economic development needs and priorities and recommends an approach to achieving sustainable <br />economic development. The CEDS is the result of a process developed with broad based and diverse <br />community participation. The CEDS identifies strengths and weaknesses of the region's economy, as <br />well as opportunities and challenges for economic development. The regional CEDS takes a <br />comprehensive view of economic development, combining more traditional economic development <br />issues such as industry cluster analysis, marketing and business recruitment with broader <br />infrastructure planning, community development and workforce development concerns. <br />The regional CEDS focuses on four overarching goals: <br />Why is this important in the Triangle J Region? <br />The CEDS can be used as a regional strategy to coordinate economic development efforts across the <br />seven - county Triangle J region. By coordinating and prioritizing goals and objectives, the CEDS helps <br />regional stakeholders take a more targeted approach to economic development by creating partner- <br />ships and leveraging local, state, regional, and federal resources. <br />How will the regional CEDS be used? <br />The CEDS is designed to support regional economic development efforts and local communities in a <br />number of ways: <br />The CEDS produced for the Triangle J region is to be combined with those of the other regional <br />councils across the state, then submitted to the Economic Development Administration (EDA) <br />for approval. Upon approval, organizations in the Triangle J Region are eligible to compete <br />for assistance under EDA's public works program, economic adjustment program, and most <br />of its planning programs. <br />7 <br />41 Page <br />r_• <br />r <br />Build a Regional <br />Establish & <br />Create Revitalized <br />Develop Healthy <br />Competitive <br />Maintain Robust <br />and Vibrant <br />and Innovative <br />Advantage & <br />Infrastructure <br />Communities <br />People <br />Leverage the <br />Marketplace <br />Why is this important in the Triangle J Region? <br />The CEDS can be used as a regional strategy to coordinate economic development efforts across the <br />seven - county Triangle J region. By coordinating and prioritizing goals and objectives, the CEDS helps <br />regional stakeholders take a more targeted approach to economic development by creating partner- <br />ships and leveraging local, state, regional, and federal resources. <br />How will the regional CEDS be used? <br />The CEDS is designed to support regional economic development efforts and local communities in a <br />number of ways: <br />The CEDS produced for the Triangle J region is to be combined with those of the other regional <br />councils across the state, then submitted to the Economic Development Administration (EDA) <br />for approval. Upon approval, organizations in the Triangle J Region are eligible to compete <br />for assistance under EDA's public works program, economic adjustment program, and most <br />of its planning programs. <br />7 <br />41 Page <br />