A Regional Approach to Economic Development
For the past year, the Association of Bay Area Governments (ABAG) and multiple stakeholders have been working on drafting a Comprehensive Economic Development Strategy (CEDS) that will enable the Bay Area to form its first regional Economic Development District (EDD). This regional strategy aims to develop an action plan to sustain the region’s economic growth while ensuring that this growth translates into a more equitable and sustainable economy for all residents in the Bay Area. On June 7, ABAG Regional Planning Committee reviewed the first draft of the CEDS. This Fall, ABAG staff will be presenting the draft to each of the nine counties to the Board of Supervisors and ABAG Executive Board. This draft includes key strategies to promote the retention and growth of middle-wage jobs with career pathways in the region. Well-paying jobs that build the financial security of workers are a key component of a healthy economy.