Lake County, IL
Share to Facebook Share to Twitter Bookmark and Share
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

 

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