Title
Resolution endorsing the Lake County Partners’ 2022 Comprehensive Economic Development Strategy (CEDS).
Staff Summary
• Lake County Partners (LCP) is requesting the County Board’s endorsement of the CEDS.
• The CEDS is an action-oriented, five-year economic development strategy that builds upon existing efforts and offers a roadmap for building prosperity in Lake County. The CEDS was funded through an Economic Development Administration (EDA) technical assistance grant.
• LCP convened Lake County business, education, workforce development, and civic leaders to collaboratively align economic priorities across the region and complete a new CEDS.
• The CEDS development included engagement with a variety of stakeholders through a Steering Committee, individual interviews, roundtable discussions, opportunity workshops, various community presentations, and a 30-day public comment period.
• The CEDS will be forwarded to the EDA for certification. Having a certified CEDS is required to receive federal funding for projects under the EDA.
• On April 6, 2022, the LCP Board of Governors voted to accept the CEDS.
Body
RESOLUTION
WHEREAS, Lake County Partners is a not for profit economic development organization with a mission to maintain and improve the quality of life and economic vitality of Lake County; and
WHEREAS, Lake County Partners received a grant from the Economic Development Administration to fund a Comprehensive Economic Development Strategy (CEDS); and
WHEREAS, Lake County Partners formed a Strategy Committee consisting of community leaders from the public and private sectors to provide direction and input to the CEDS; and
WHEREAS, the process to create the CEDS involved significant community engagement; and
WHEREAS, the CEDS includes an in-depth analysis of the County’s human and economic assets; and
WHEREAS, the CEDS provides an action plan focused on Competitive Positioning, Transformational Redevelopment, and Community Engagement; and
WHEREAS, Lake County Partners will use the CEDS as an economic roadmap to encourage equitable growth that ensures a vibrant and resilient economy.
NOW, THEREFORE, BE IT RESOLVED, that the Lake County Partners’ 2022 Comprehensive Economic Development Strategy is endorsed by the Lake County Board; and
BE IT FURTHER RESOLVED, that the Lake County Board supports Lake County Partners in facilitating the execution of this five-year economic development strategy to build long-term prosperity for all of Lake County.
DATED at Waukegan, Illinois on May 10, 2022.
_____________________________ _________________________
Sandy Hart Date
Chair, Lake County Board