title
Authorize the Chair of the Board of Supervisors to sign and transmit a letter to the U.S. Economic Development Administration in support of the final Vision, Goals and Objectives of the Bay Area Regional Comprehensive Economic Development Strategy and for establishment of a Bay Area Economic Development District
body
Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
The County Administrator's Office and the Department of Resource Management recommend that the Board of Supervisors authorize the Chair of the Board of Supervisors to sign and transmit a letter to the U.S. Economic Development Administration (EDA) in support of the final Vision, Goals and Objectives of the Bay Area Regional Comprehensive Economic Development Strategy (CEDS) and for establishment of a Bay Area Economic Development District.
SUMMARY:
The Association of Bay Area Governments (ABAG) has been developing a Comprehensive Strategy (CEDS) for the nine Bay Area counties as a pre-requisite to filing an application with the US Economic Development Administration (US-EDA) to establish a regional Economic Development District (EDD). The draft Vision, Goals and Objectives for the CEDS is attached. The District would encompass all nine Bay Area counties. The intent behind establishing the EDD is to promote regional economic collaboration and improve access to grants and technical assistance. As part of the process, ABAG has requested input on and endorsement of the Visions, Goals and Objectives of the CEDS to establish the EDD from all Bay Area counties. To date, five counties have provided their endorsement. ABAG staff intends to return to their Board sometime in May/June to adopt the CEDS and authorize filing for an EDD with the US-EDA.
FINANCIAL IMPACT:
There are no costs associated with endorsing ABAG's application to establish an EDD nor is there a cost to be part of the District. The County ma...
Click here for full text