Community Economic Development2023-05-04T16:45:49+00:00

Community Economic Development

Realize your potential and build more resilient, sustainable strategies with our proven process and guidance.

What is Community Economic Development?

Community Economic Development (CED) or Local Economic Development (LED) is a community-driven process where communities identify and initiate their own solutions to economic, social, and environmental issues to build healthy, economically viable communities. CED contains principles and goals based on a grassroots approach to development where communities choose deliberate actions to influence the local economy and improve the quality of life for its residents.

Our Process

To help the community prepare and maintain a development strategy. These plans will document short and long-term perspectives that will fit with the planning processes.

  • Planning
  • Research
  • Mentoring/Advocacy
  • Business Assistance

When building a community economic development plan, the leadership of the community will determine the specific need based on the community’s priorities. We use ingenuity and imagination in determining the most effective initiatives for your community to flourish.

  • Current State Analysis
  • Current Issues Analysis
  • Stakeholder Analysis
  • SWOT Analysis

Using analysis tools is an effective approach to understanding where a community is at today. These illuminating discussions help to point out what needs to be done and put issues and opportunities into perspective.

  • Envisioning the Future

Defining a clear vision for what the community aspires to achieve and the long-term goals. These elements explain the desired future state of the community and the long-term goals you and your team are working towards achieving to get there.

  • Vision
  • Mission
  • Values

Each statement may be part of the community economic development planning process but have a different objective.  These statements help to build awareness and support for the CED process. What is the reason for existence, what are the core principles, and what is the ideal state?

  • Research and Data Collection
  • Data Analysis
  • Strategic Planning
  • Co-ordinate Plans
  • Implement Strategies
  • Financial Implications

The process of explaining and implementing how your community will make your economic development strategy a reality.

INSIGHTS

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