The Role of Projects in a CEDS
(updated December 8,2015)
2015 CEDS Documents
2014 CEDS Documents
CEDS projects announcement 2014
Form to update our 2013 CEDS project to be included in the 2014 CEDS (required for 2013 projects)
CEDS annual Project and Review schedule pr 2014
What is a CEDS?
CEDS are designed to bring together the public and private sectors in the creation of an economic roadmap to diversify and strengthen the regional economy. The CEDS should analyze the regional economy and serve as a guide for establishing regional goals and objectives, developing and implementing a regional plan of action, and identifying investment priorities and funding sources. In addition, many federal and state granting programs are looking to a regional CEDS when making funding decisions.
The Windham Region of Southeastern Vermont finalized its first CEDS in late 2013 which can be found at http://seveds.com/wp-content/uploads/2012/08/FINALCEDSReport.2013.pdf
The Windham Region CEDS will be reviewed on an annual basis and by December 31st a progress report issued on: progress towards CEDS goals and objectives, updates on projects, and annual prioritization of all projects included in the CEDS.
What role do projects play in the CEDS?
A CEDS must be the result of an ongoing economic development planning process, developed with broad-based and diverse public and private sector participation, and must include a section listing all suggested projects and the projected numbers of jobs created. The CEDS will also contain a section identifying and prioritizing vital projects, programs and activities that address the region’s greatest needs or that will best enhance the region’s competitiveness.
What is the value to my project being included in the Windham Region CEDS?
The CEDS is a regional plan for growth of the economy created using a regional public approach. It is helpful for the rest of the region as well as potential new businesses to understand what we as a region are trying to accomplish. Inclusion of your project in the CEDS indicates it is aligned with regional goals for growth. Identification of your project as a vital project indicates the project is of the highest priority and expected to have the greatest impacts on achieving the regional goals.
While inclusion of your project in no way guarantees funding of any sort, many federal agencies look more favorably upon projects which have the kind of broad support inclusion in a region CEDS indicates. EDA often requires a CEDS be in place for a region in order for a project grant application to be considered.
In addition, to be eligible to apply to receive funds from the State of Vermont’s Windham County Economic Development Program the FAQ’s state that: “only projects that meet a goal or objective of the CEDS will be eligible for funding.”
Will every project submitted be identified in the CEDS?
Yes, the EDA requires that all projects submitted should be acknowledged in the CEDS. Every project has some merit, and the CEDS will be home to a great diversity of potential public and private development initiatives. However, certain projects will be identified and selected as vital projects, and they will be prioritized into a short list of ten to twelve. The purpose of this prioritized list is to publically acknowledge the top actions that will result in the most significant progress towards the region’s economic development goals.
How will vital projects be identified and prioritized?
The overarching purpose in identifying vital projects is to publicly acknowledge the top actions our region can support that will make demonstrable progress towards our regional economic development goals. SeVEDS has an established set of measurable goals with objectives and a clear set of strategies. Projects consistent with these objectives and strategies and can demonstrate a compelling argument for their relationship to the goals will obviously garner a great deal of support.
A scoring chart has been developed by SeVEDS that that will be put to use by the project selection committee. Each proposal will be reviewed and assigned a series of points in an effort to aid the committee with the prioritization. The scoring document can be found linked at the top of the page “CEDS Project Review Sheet August 2015″.
The project selection committee, is that all SeVEDS?
No, the project selection committee is a small group of 5 individuals that represent the region and are firmly established in their field of expertise and were chosen by SeVEDS because they are seen as fair, impartial and practical.
Committee Members for 2015
William Crowley, Vice President/Senior Commercial Loan Officer, Brattleboro Savings & Loan
Sharon Cunningham, Director of Southern Vermont Deerfield Valley Chamber of Commerce
Brett Morrison, Nonprofit Practice Manager, Five Maples
Jennifer Stromsten, Program Director at Institute for Nuclear Host Communities
Alex Wilson, Founder of Building Green/President of the Resilient Design Institute
Are you considering submitting a project for inclusion in the CEDS?
Who can submit projects for inclusion into the CEDS?
Any private or public entity or consortium of entities can submit a project for consideration.
I submitted a project last year. Do I need to resubmit it?
You need to submit a status update on the project in order for it to be included in the 2014 CEDS project list. An updating documenting what has been accomplished in the past year, what resources has your project gathered, how have the plans changed must be sent in to the proposal address noted below.
When are projects proposals due?
Proposals are due no later than October 15 at 5:00 pm. Proposals must be received at: SeVEDS, 76 Cotton Mill Hill, Brattleboro, VT 05301. We greatly prefer digital submissions in PDF or MSWord format to be submitted to email@example.com. If you are submitting hard copy, please include 5 paper copies.
Are there any required elements for a submission?
Simply put, projects submitted for inclusion into the CEDS will provide a compelling narrative. The CEDS project review committee will have one opportunity to review the submission, and so you will be responsible for explaining how your project is consistent with SeVEDS regional economic development objectives and strategies and why your project is this regions nest bet to make s significant improvement against the regional economic development goals.
It is understood that all projects are different and that not every element spelled out below will apply to every project. But at a minimum all projects should:
1. Identify the applicant
2. Provide a detailed description of the project.
The more specific the better. If certain key details are unknown at this time, try and identify when the information will be known. Is there a timetable for implementation? If so, how was that determined? This is your chance to tell the region, the purpose of your project, who will benefit, how they will benefit, and if possible, how that benefit be measured.
3. Establish that you have the authority to accomplish what you are proposing.
By having the authority, here we mean, is this legitimately your project? For example, if you are proposing a redevelopment or repurposing of an existing structure, it will be important to demonstrate that the property owner has given their support. If, for example, your project will require permits to proceed, do you have them in place? Is there a plan to obtain them? Is it reasonable to assume that the project is in fact permissible? The fewer loose ends you leave, the more your project will be considered viable.
4. Do you have the capacity to implement this project?
Have you implemented projects of similar size or scope in the past? If so, detailing your experience may go a long way towards establishing that you can accomplish your project goals. If specific technical talents are required, do you have those talents? Have you contracted for that service? However possible, document that you have what it takes to be successful.
5. Do you have the wherewithal to implement the project?
Simply put, do you have the resources necessary to implement the project? If not, what is your plan? If possible, provide detailed sources and use budget. Whenever possible, supply documentation of any committed funds.
6. What is the likely outcome of this project?
Why this project should be considered vital to the future of our regional economy. The ability to document new employment positions, especially those with wages above NNE average, will make a strong case.
7. Is the proposal consistent with SeVEDS established strategies? Does it satisfy an objective? How will this project help the Windham Region to meet its economic development goals?
Have a look at the work SeVEDS has done to establish a regional plan for our economic future. Describe how your project fits in with this effort.
If I have more questions, who can I call? All inquiries, questions and clarifications must be directed to Jodi Clark, SeVEDS Project Manager 802-257-7731 ext. 215 or firstname.lastname@example.org