The City of Cleveland and Cuyahoga County have continuously worked together for over ten years on the Comprehensive Economic Development Strategy (CEDS) for our region. The strategy is a guideline to provide direction for our region and takes into account the work of the Cuyahoga Next Advisors (Blue Ribbon Task Force) and the City’s 2020 Plan.
Potential applicants eligible for EDA funding assistance should submit a brief 2 page max description of the project to the City of Cleveland Department of Economic Development or Cuyahoga County Department of Development. The CEDS committee, which consists of Cuyahoga County, the City of Cleveland, a business from the County, a business from the City, and the regional chamber of commerce, will then review and rank the priority of projects based on:
1. EDA’s evaluation criteria
2. EDA’s funding priorities
3. CEDS economic development priorities
Download CEDS Project Ranking Score Sheet
The deadline for the next round for the CEDS review of EDA applications is Friday, November 13th.
The Comprehensive Economic Development Strategy Committee met on May 28, 2009 to rank the submitted applicants for EDA funding. The ranking is based on the CEDS Project Ranking sheet. The following is the ranking for the projects received for the first round:
Final Ranking of Projects
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1 Old River Channel Bulkheads
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316
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2 Bessemer IIB
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245
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3 Erieview Technology District Facility
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187
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4 Beachwood Business Development Center
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186
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5 Strongsville Business & Technology Park, Parcel D
|
134
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6 Cuyahoga County- Cleveland Port Authority Expansion
|
153 |
ECONOMIC DEVELOPMENT ADMINISTRATION
U.S. Department of Commerce
The Economic Development Administration (EDA) was established under the Public Works and Economic Development Act of 1965, to generate jobs, help retain existing jobs, and stimulate industrial and commercial growth in economically distressed areas of the United States. EDA funding assistance is available to rural and urban areas experiencing high unemployment, low income, or other severe economic distress.
EDA targets its investment assistance on attracting private capital investment and creating higher-skill, higher-wage jobs in those communities and regions that are suffering from economic distress as described. EDA bases funding assistance on locally- and regionally-developed priorities identified by the region’s Comprehensive Economic Development Strategy (CEDS).
EDA Investment Programs:
- Public Works and Economic Development Program
- Economic Adjustment Assistance Program
- Research and National Technical Assistance
- Local Technical Assistance
- Planning Program
- University Center Economic Development Program
- Trade Adjustment Assistance for Firms Program
As part of the American Recovery and Reinvestment Act of 2009, the U.S. Economic Development Administration (EDA) received $150 million to create jobs and boost development in parts of the country hit hard by the recession. EDA’s usual allocation is $26 million. The Cleveland-Cuyahoga region usually receives $500,000 to $1,250,000. For more information on the stimulus package, you may go to: U.S. Economic Development Administration (EDA) announced the availability of $150 million.
For more information contact:
Gregory Zucca
Strategic Program Officer
Cuyahoga County Department of Development
112 Hamilton Court
Cleveland, Ohio 44114
216-443-8067
Fax: 216-443-7378
gzucca@cuyahogacounty.us