Wednesday, December 29, 2010

Mayor Jones Announces Richmond's Eligibility to Pursue Federal EDA Funding

Mayor Dwight C. Jones' resolution to validate the City Administration's process for completing a Comprehensive Economic Development Strategy (CEDS) was adopted by Richmond City Council during its final session of 2010. CEDS is an analytical document, which considers important economic development assets and opportunities, such as infrastructure, workforce development, target industries, and others. While the CEDS is an important tool to help the City achieve its economic development goals, it is also a prerequisite for access to many of the funding opportunities through the EDA. Richmond's approved CEDS strategy has now been submitted to the Economic Development Administration (EDA) of the U.S. Department of Commerce. To read the full CEDS, please click here.