Lake County, IL
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File #: 22-0656    Version: 1 Name: Board Endorsement of Comprehensive Economic Development Strategy (CEDS)
Type: resolution Status: Passed
File created: 4/22/2022 In control: Financial & Administrative Committee
On agenda: Final action: 5/10/2022
Title: Resolution endorsing the Lake County Partners' 2022 Comprehensive Economic Development Strategy (CEDS).
Attachments: 1. 2022-04-04-Lake-County-CEDS-FINAL
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

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