Bureaucracy's Economic Wishlist: More Forms for Community Growth Plans
Published Date: 2/26/2025
Notice
Summary
The Department of Commerce is renewing its request to collect info for Comprehensive Economic Development Strategies (CEDS), which help communities plan and qualify for federal economic aid. This affects cities, states, tribes, schools, and nonprofits who spend time creating or updating these plans every few years. The process takes a lot of hours but keeps funding flowing smoothly, with a new 30-day public comment period open now.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
CEDS Required for EDA Funding
If you are a city, state, institution of higher education, public or private nonprofit, District Organization, or Indian Tribe and want EDA Public Works, Economic Adjustment Assistance, or certain planning program funding, you must have a Comprehensive Economic Development Strategy (CEDS) to qualify. A CEDS is also a prerequisite for a region’s designation as an Economic Development District (see 13 CFR parts cited) and is required under the Public Works and Economic Development Act (42 U.S.C. 3121 et seq.).
Large Time Burden to Prepare CEDS
Preparing or updating CEDS takes substantial staff time: the notice reports 527 respondents and a total burden of 31,640 hours. Specific averages are 480 hours for an initial CEDS for an EDA-funded District or planning organization, 160 hours for a CEDS revision (required at least every 5 years), and 40 hours per CEDS update or performance report (and 40 hours for certain applicant projects not in an EDA-funded District).
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