Understanding the CEDS Cornerstones
The CEDS Dashboard is structured around four cornerstone categories: Human Capital, Economic Competitiveness, Community Resources, and Foundational Assets. These categories are fundamental to achieving comprehensive and sustainable economic development.
Together, these four cornerstones provide a comprehensive framework for tracking and enhancing economic and community development. They cover all critical aspects needed to build a thriving, resilient region:
- Holistic Approach: Addressing these interconnected areas ensures that no aspect of development is overlooked, leading to balanced and sustainable growth.
- Strategic Planning: By focusing on these categories, the dashboard supports strategic planning and decision-making, helping to prioritize initiatives that yield the greatest benefits.
- Performance Measurement: Tracking metrics across these categories provides valuable insights into progress and areas needing attention, facilitating continuous improvement.
These cornerstone categories are essential for guiding the CEDS and utilizing the dashboard effectively. They ensure that efforts are aligned with comprehensive development goals, fostering a vibrant, competitive, and inclusive region.
Human Capital
Building a Strong Workforce
The Human Capital category focuses on developing a skilled, adaptable, and inclusive workforce to drive economic growth and community well-being. Key areas of emphasis include:
- Education and Training
- Enhancing educational opportunities from early childhood through higher education.
- Promoting workforce training programs to align skills with industry needs.
- Talent Retention and Attraction
- Implementing strategies to retain local talent and attract skilled professionals.
- Creating a supportive environment for entrepreneurs and small businesses.
- Inclusive Workforce Development
- Ensuring equitable access to employment opportunities for all community members.
- Addressing barriers to employment, such as transportation and childcare.
- Health and Well-Being
- Fostering a healthy workforce by promoting wellness programs and access to healthcare.
- Addressing social determinants of health that impact workforce participation.
Why It Matters
Investing in human capital is critical for the region’s long-term prosperity. A well-educated, skilled, and healthy workforce attracts businesses, drives innovation, and supports a vibrant economy. By focusing on human capital development, we create opportunities for individuals and strengthen our communities.
Economic Competitiveness
Enhancing Regional Prosperity
The Economic Competitiveness category is dedicated to strengthening the region’s ability to compete in the global economy. This involves creating a vibrant business environment, fostering innovation, and ensuring sustainable economic growth. Key focus areas include:
- Business Development and Support
- Providing resources and support for new and existing businesses.
- Encouraging entrepreneurship and small business growth.
- Infrastructure and Connectivity
- Investing in infrastructure to improve transportation, broadband access, and utilities.
- Enhancing regional connectivity to facilitate trade and commerce.
- Innovation and Technology
- Promoting the adoption of new technologies and innovative practices.
- Supporting research and development initiatives to drive economic growth.
- Regional Collaboration
- Encouraging partnerships between public, private, and nonprofit sectors.
- Leveraging regional assets and resources to achieve common economic goals.
Why It Matters
Fostering economic competitiveness is essential for the region’s success in a rapidly changing global market. By focusing on business development, infrastructure, innovation, and collaboration, we can create a resilient and dynamic economy. This not only attracts investment and creates jobs but also enhances the quality of life for all residents.
Foundational Assets
Building a Strong Foundation for Growth
The Foundational Assets category is focused on the essential elements that support economic development and community well-being. This includes maintaining and improving physical infrastructure, protecting natural resources, and leveraging key assets to enhance the region’s appeal and functionality. Key focus areas include:
- Transportation Infrastructure
- Investing in roads, bridges, and public transit systems to ensure safe and efficient mobility.
- Enhancing connectivity within the region and to external markets.
- Utilities and Broadband
- Ensuring reliable access to utilities such as water, electricity, and waste management.
- Expanding broadband infrastructure to support digital connectivity and economic activities.
- Natural Resources
- Protecting and sustainably managing natural resources like water, land, and forests.
- Promoting conservation efforts and environmental stewardship.
- Community Facilities and Services
- Maintaining and improving schools, healthcare facilities, and public safety services.
- Supporting the development of community spaces and recreational facilities.
Why It Matters
Foundational assets are the backbone of a thriving community and robust economy. By investing in transportation, utilities, broadband, natural resources, and community facilities, we create a strong foundation for sustainable growth. These assets not only support daily life and economic activities but also enhance the region’s attractiveness as a place to live, work, and invest.
Community Resources
Supporting Thriving Communities
The Community Resources category aims to enhance the quality of life for all residents by ensuring access to essential services and amenities. This involves fostering community engagement, improving public services, and supporting cultural and recreational activities. Key focus areas include:
- Public Services and Infrastructure
- Ensuring reliable and efficient public services such as water, waste management, and public safety.
- Investing in infrastructure projects that support community well-being.
- Housing
- Promoting the development of affordable and quality housing options.
- Addressing homelessness and supporting housing stability.
- Cultural and Recreational Opportunities
- Supporting cultural institutions, arts programs, and recreational activities.
- Enhancing public spaces like parks and community centers.
- Community Engagement and Leadership
- Encouraging community participation and civic engagement.
- Developing local leadership and volunteer opportunities.
Why It Matters
Investing in community resources is vital for building strong, resilient communities where residents can thrive. By improving public services, expanding housing options, and supporting cultural and recreational activities, we create vibrant and inclusive communities. This not only enhances the quality of life for individuals but also fosters a sense of belonging and pride among residents.
