The Department of Economic Development (DED) announced today that research is underway to develop and implement a statewide Comprehensive Economic Development Strategy (CEDS). An updated CEDS will drive federal funding into local communities, improve programs and policies, and promote bold economic development ideas.
“Given a rapidly changing economy and local needs, we look forward to enhancing strategies that will support communities statewide,” said Michelle Hataway, Director of the Department of Economic Development. “Our team is committed to seeking input from partners and stakeholders to ensure our state’s CEDS helps Missourians prosper for years to come.”
The process to develop the CEDS will be guided by Working Teams comprised of subject matter experts and economic development partners. Working Teams will be divided into four groups dedicated to the key themes of Business Development, Community Infrastructure, Innovation, and Talent.
Development of the CEDs will be supported by a Statewide Planning Grant from the U.S. Economic Development Administration (EDA). DED expects to finalize the CEDS by summer of 2025.
For updates on the CEDS process, sign up for emails from DED here.
About the Missouri Department of Economic Development
The Missouri Department of Economic Development (DED) works to create an environment that encourages economic growth by supporting Missouri’s businesses and diverse industries, strengthening our communities, developing a talented and skilled workforce, and maintaining a high quality of life. As one team built around the customer and driven by data, DED aspires to be the best economic development department in the Midwest. Through its various initiatives, DED is helping create opportunities for Missourians to prosper.
For the latest updates on DED’s current or future programs and initiatives, visit DED’s website.