Equity in CEDS

As Economic Development Districts seek to incorporate broader Diversity, Equity, and Inclusion practices within their organization and approach, the CEDS is a primary avenue to put equity front and center in the region’s planning, priorities, and projects. The CEDS is both a public engagement and planning process and a document representing the vision for the regional economy. If the CEDS does not include considerations and plans to address racial, gender, and geographic disparities and inequities, then the region is hindering opportunities for growth and expanding racial, gender, and geographic economic gaps. For a CEDS to be effective in charting the future of the regional economy, then it must be equitable. 

Incorporating Equity in the Process

Before a region crafts the CEDS document, a robust community engagement and information collection process is vital. 

Transparency and Accountability

Leading with transparency about the purpose and intentions of the CEDS in the community allows for mending past perceptions of distrust and builds opportunities with communities searching for a process that openly shares shortfalls, opportunity gaps, and areas for growth. 

Strategic Partnerships

Actionable CEDS are developed and strengthened by solid partnerships built by robust community engagement strategies; this goes beyond making leadership tables more extensive and diverse and leads towards inclusive buy-in and greater collaboration. 

Innovative Data

Most CEDS use data to describe their economies and population in broad strokes without diving deeper into demographic and geographic specifics within their region, leaving a missed opportunity for inclusive growth and development. 

Incorporating Equity in the Document

Following the engagement process, regions can consider incorporating equity and weaving community voice within each section of the CEDS.

Summary Background

Ground the CEDS in acknowledging the history of the local community and economy, including how these factors may have contributed to economic disparities in the past, and make a case for equitable growth going forward, which will deliver shared prosperity across the region. 

Regional Analysis

The CEDS contains a matrix of priorities, considerations, and opportunities for the region. For the CEDS to address disparities in the region, this matrix should address equity and economic growth with extensive stakeholder input. Traditionally, this section comprises an overarching or topical SWOT analysis, which is intended to encourage critical thinking, stakeholder and community feedback, and qualitative data collection. However, if this matrix isn’t based on intentional community engagement and outreach, it will not reflect the realities of the regional economy, particularly leaving out the voices of those excluded from participating in the economy. Consider how the regional analysis can use a framework that highlights assets and brings in community voices to illustrate priorities.

Action Plan

Following the community engagement process and SWOT analysis, the next step is translating this information into strategies and goals. The action plan or strategic direction in the CEDS should be organized as laying the foundation for the region's strategic direction to tackle the inequities that set back community progress. When embedding equity within the CEDS, be clear about the root causes of equity issues, partners, and intended results. The action plan is the opportunity to step beyond just identifying disparities and inequities in the region and plan concrete steps to address them. 

Evaluation Framework

One of the most significant challenges in implementing equitable strategies is identifying how to measure equity and impact. The outcomes and issues the EDD/EDO is seeking to address with equitable strategies take time to fix, often resulting from generational strategies that either contributed to or perpetuated marginalization across many communities and racial groups. When creating indicators for the region, consider these guideposts for the more significant long-term impact. This approach of explicitly incorporating equity within metrics and indicators can help each CEDS update build upon each other, providing direction for future advisory councils and stakeholders in the region. To create a range of guideposts for measuring the progress of equitable growth, consider three key areas: macro-level, program-level, and qualitative indicators. 

Economic Resilience

As illustrated by the COVID-19 pandemic and ensuing recovery, historically excluded communities are disproportionately affected by economic shocks or events. The region can only be adequately resilient if it is inclusive. The CEDS should address resilience efforts for residents at the greatest risk of being affected by these shocks. Inclusive economic resilience requires strong partnerships between public and private entities that actively involve the voices and perspectives of excluded communities. When defining and planning for economic resilience in the community, explore possibilities and solutions that address resilience to economic disruptions, natural disaster resilience, and climate resilience.