WHAT WILL WE DO?
The District will work to uncover and understand underlying regional economic and demographic trends impacting the region’s economy. The District Board will coordinate outreach to business and community leaders to reinvigorate the District, elicit participation from a wide range of regional constituents, and set out a new economic development strategy with a goal of improving the regional economy. Public and private participation in the process will help to frame a strong economic foundation for the District. Regional organizations will explore existing relationships with key employers in existing and emerging economic clusters, in order to develop the human and capital resources to examine and evaluate the regional assets and challenges in the economy. Out of this work a formal NVEDD CEDS will be created to provide the District with an economic road map.
Working with businesses and communities across the District, the Board will provide the planning and coordination function for the group. The goal of this work is to identify emerging issues and opportunities region-wide. Strategies and action plans will be developed to ensure the District has the capacity to encourage growth and support new employment opportunities. Coordination among the organizations across the District will ensure productivity and will facilitate partnerships with State and Federal agencies. The District will focus its efforts on the regional economic clusters identified in the CEDS. These include agriculture, tourism, local and value-added food production, bio-technology and pharmaceuticals. Job creation and workforce education will be key components of our efforts, resulting in decreased un- and under-employment.
HOW WILL DO IT?
The planning and coordination function for the District is made up of strong organizational leadership. The Executive Committee (Committee) of the Board consists of three Executive Directors of the District’s regional planning commissions (RPCs) and four regional development corporations (RDCs). These Committee members will each have active roles in the management of the District, in the development of the CEDS, in the outreach to communities and businesses, and in the selection of strategic priorities. The managing framework outlines the cooperation between the District and area business and community leaders. An EDA planning grant has helped to rekindle the prominence of the District and ensure that the strategies and projects in the CEDS reflect the true needs of the region’s businesses and communities.
Seven organizations in the District have each committed to providing a local match, managing the District and furthering the goals of the CEDS. This ensures direct connections with the appointed and elected officials that serve on the Boards of these organizations. Local commitment has been demonstrated by affirmative votes of the boards of these organizations, and by the letters of commitment.
It is the belief of the regional planning commissions and regional development corporations that each of our regions will be stronger if we collaborate to build upon our strengths and coordinate our economic development efforts across the district.
A grant from the US Economic Development Administration supports this effort. In order to fulfill our requirements as a district and under this grant, the NVEDD will:
Foster economic development across multiple geographic areas;
Prepare an EDA-approved Comprehensive Economic Development Strategy (CEDS);
Be organized through an inter-governmental agreement among the RPCs and RDCs;
Have a governing body that is broadly representative of the principal economic interests of the Region, including the private sector, public officials, community leaders, representatives of workforce development boards, institutions of higher education, minority and labor groups, and private individuals;
Hold meetings open to the public at least twice a year.