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EDA Approves Updated CEDS 202011.10.20
The Economic Development Administration (EDA) announced approval of the Commonwealth Regional Council’s Comprehensive Economic Development Strategy (CEDS) Update on November 10, 2020. The CEDS Update was completed to add new CRC members - Cumberland and Nottoway counties. Now all seven counties of the CRC (Amelia, Buckingham, Charlotte, Cumberland, Lunenburg, Nottoway and Prince Edward) will be eligible to apply for EDA grant funds for identified projects. The CRC will next be applying for Economic Development District (EDD) status. This will allow the CRC to receive annual EDA planning funds and will also assist the CRC in meeting the goals of the approved CEDS.
The Commonwealth Regional Council assists local units of government in planning new programs and projects, securing grants and loan funding for implementation of those programs and projects, and managing some of the programs and projects.