CEDS | Strategic Direction & Action Plan

Western Arizona Economic Development District

3.0 Strategic Direction

3.1 Vision Statement & Goals/Objectives

Where does the region want to go and how are we going to get there?

Economic Vision for Western Arizona

"Cultivating creativity, diversity, and innovation to build a resilient and robust economy.""

Western Arizona enjoys a robust year-round economy with a workforce that lives, plays, and shops locally. Our local economies are supported by modern and resilient infrastructure, strategic development of employment and business opportunities, and unwavering protection of natural assets and historical character that define our Region.

3.2 Mission & Guiding Principles

Our Mission:

"To foster an innovative and resilient economy for Western Arizona's businesses, workers, and families."
Guiding Principles: Established to create a broader framework for our vision and mission statements. They identify a set of values critical to our success of achieving our vision. We recognize the importance of maintaining rural lifestyles and enhancing our quality of life. Also;

3.3 Action Plan

3.3.1 Analyze our regional economy

Actions:

Timeline:

Update:

Lead:

Key Performance Indicators (KPIs)

3.3.2 Define regional economic development goals

Actions:

Timeline:

Update:

Lead:

Key Performance Indicators (KPIs)

3.3.3 Determine regional economic development opportunities

Actions:

Timeline:

Update:

Lead:

Key Performance Indicators (KPIs)

3.3.4 Formulate and implement a regional economic development program

Actions:

Timeline:

Update:

Lead:

Key Performance Indicators (KPIs)

Important EDA Update (as of April 14, 2021):

U.S. Economic Development Administration Unveils Updated Investment Priorities

The updated investment priorities support the U.S. Commerce Department’s agenda, which is driven by four pillars to increase American competitiveness:

  1. Revitalizing U.S. manufacturing and developing advanced industries
  2. Building a 21st century workforce
  3. Maintaining leadership in global innovation
  4. Promoting American businesses, at home and abroad.

The District fully supports the EDA Investment Policy Guidelines for evaluating proposed EDA investments. Regional investments will meet or exceed the following guidelines:

EDA’s investment priorities provide an overarching framework to ensure its grant investment portfolio – ranging from planning to infrastructure construction -- contributes to local efforts to build, improve, or better leverage economic assets that allow businesses to succeed and regional economies to prosper and become more resilient. Competitive grant applications will be responsive to the evaluation criteria listed under each individual funding announcement, including at least one of the following investment priorities:

1. Equity: Economic development planning or implementation projects that advance equity across America through investments that directly benefit:

1) one or more traditionally underserved populations, including but not limited to women, Black, Latino, and Indigenous and Native American persons, Asian Americans, and Pacific Islanders or,

2) underserved communities within geographies that have been systemically and/or systematically denied a full opportunity to participate in aspects of economic prosperity such as Tribal Lands, Persistent Poverty Counties, and rural areas with demonstrated, historical underservice. For more information on these populations and geographies see: Executive Order On Advancing Racial Equity and Support for Underserved Communities Through the Federal Government.

EDA is committed to working with populations and underserved communities that have been denied a full opportunity to participate in aspects of economic prosperity in the past.

2. Recovery & Resilience: Economic development planning or implementation projects that build economic resilience to and long-term recovery from economic shocks, like those experienced by coal and power plant communities, or other communities impacted by the decline of an important industry or a natural disaster, that may benefit from economic diversification-focused resilience.

3. Workforce Development: Economic development planning or implementation projects that support workforce education and skills training activities directly connected to the hiring and skills needs of the business community and that result in well-paying, quality jobs.

4. Manufacturing: Economic development planning or implementation projects that encourage job creation, business expansion, technology and capital upgrades, and productivity growth in manufacturing, including efforts that contribute to the competitiveness and growth of domestic suppliers or to the domestic production of innovative, high-value products and production technologies.

5. Technology-Based Economic Development: Economic development planning or implementation projects that foster regional knowledge ecosystems that support entrepreneurs and startups, including the commercialization of new technologies, that are creating technology-driven businesses and high-skilled, well-paying jobs of the future.

6. Environmentally-Sustainable Development:

Economic development planning or implementation projects that help address the climate crisis including through the development and implementation of green products, processes (including green infrastructure), places, and buildings.

7. Exports & FDI: Economic development planning or implementation projects that enhance or build community assets to support growth in US exports or increased foreign direct investment.