Since 1998, Lorain County has been preparing a Comprehensive Economic Development Strategy (CEDS) in an effort to align the interests of the 34 political jurisdictions, with the understanding that the county as a whole must prosper if any specific municipality wishes to do the same in the long run.
Accordingly, meetings have been undertaken involving representatives from the public, private, and non-profit sectors in order to create a CEDS that will be the guiding document for economic development in Lorain County.
With fifteen years having passed since that first strategy was adopted, the county is looking once again to create a strategy that reflects the current economic development environment.
By updating the CEDS, the County is able to position itself each year to maximize development opportunities. The county can look back upon previous undertakings within the county, region, state, and nation, and continually adopt best practices that allow the county to position itself for the future.
Through the efforts undertaken to complete this document, the County is able to recognize its relative position in the factors affecting economic growth and how to act on every competitive advantage that can be obtained in order to grow and be prosperous not just this year but for the foreseeable future
Through the input of diverse stakeholders, Lorain County will be able to develop policies that ensure its long-term economic vitality. This Comprehensive Economic Development Strategy will be the roadmap that takes Lorain County from where it is to where it wants to be.
For a complete copy of the Comprehensive Economic Development Strategy, please contact the Lorain County Community Development Department at (440) 328-2322.
For more information about CEDS, please review a Summary of Requirements from the U.S. Department of Commerce, or visit www.eda.gov, the Economic Development Administration's website.