The US Economic Development Administration (USEDA) has recently approved our Comprehensive Economic Development Strategy, or CEDS.
The CEDS is ABAG’s extensive blueprint that describes the Bay Area’s economy and the actions that could improve it.
Approval of this strategic blueprint is great news. ABAG can now leverage funding opportunities for jurisdictions and organizations. And it’s the first step toward Bay Area regional classification as an economic development district, or EDD.
Review our Comprehensive Economic Development Strategy for the Bay Area and get the full scope of the application.
The Bay Area has an economy that many other regions envy. Yet this prosperity has created challenges that we struggle to address, including:
- Workforce training
- Transportation and infrastructure
- Business resilience and opportunities
- Community health and equity
Building a Framework
Establishing a regional economic development organization provides a framework for the region and local jurisdictions to build across geographic programs and boundaries.
This framework will make the best use of resources to improve our economy through innovation, inclusion, shared prosperity and a sustainable quality of life for everyone—and our vision has been endorsed by the majority of Bay Area counties.
Together we can improve our understanding of the regional economy and support broader initiatives within a wide range of federal, state, foundation and local partners.
For more information about available funding or the Bay Area’s EDD status, please contact:
Economic Program Manager
Chief Economist and Assistant Planning Director
Bobby Shijia Lu
An EDD is a county or region designated by the U.S. Economic Development Administration to receive economic and workforce-development related technical assistance and grant funding.
ABAG supports many initiatives outside of our agency. The Bay Area Urban Manufacturing Initiative is one of them. Read about people who build stronger economies by creating jobs in the manufacturing sector.