About Texoma Region Economic Strategy
The Comprehensive Economic Development Strategy (CEDS) is a planning document, sponsored by the US Department of Commerce Economic Development Administration (EDA), that brings together public and private sectors in the creation of an economic roadmap to diversify and strengthen the Texoma reigonal economy.
The Texoma Council of Governments (TCOG) is the EDA-designated Economic Development District (EDD) for Cooke, Fannin, and Grayson Counties in Texas. The purpose of an EDD is to engage in the full range of economic development activities listed and described in a region’s EDA-approved Comprehensive Economic Development Strategy (CEDS). Activities include coordinating and implementing economic development activities in the District, carrying out economic development research, planning, implementation and advisory functions identified in the CEDS, and coordinating the development and implementation of the CEDS with a District’s respective local, State, federal, and private organizations.
CEDS emphasizes regionalism as a key factor in the way communities should approach their respective economic development efforts. in today’s global economy, communities maximize their economic development efforts with collaborative partnerships with neighboring communities to pool information and resources. when one community, but throughout the county and surrounding counties in the region.
Building strong economies takes decades. Economic development is a broad concept that encompasses a varying range of definitions and activities. Economic strength is often measured in terms of business retention and expansion and job creation and therefore defined by the latest statistic reflecting a community’s business environment or unemployment rate. However, improvements in a community’s infrastructure, education, and housing over time are considered to be activities positive for future economic development though they are not always directly associated with business retention and expansion or job creation outcomes. In order to leverage the full potential of a regional economy, stakeholders and community leaders should engage in long-term planning that guides strategies for investments based on each community’s unique mix of assets.
In 2007, TCOG, serving in its capacity as the Texoma EDD, and the TCOG Economic Development Policy Advisory Board (EDPAC), collected input from the region’s communities and drafted the 2007-2012 Texoma CEDS that identified key issues and goals for economic development in Texoma. This document, will address the goals and projects identified in the 2007-2012 CEDS, outline recent economic development activities, provide a brief regional economic analysis by including recent regional planning effort’s conclusions and surveys, and define the scope of work for TCOG and regional economic development stakeholders in 2009.
The Texoma Economic Development District (EDD) coordinates economic development activities in the three-county Texoma region. All three counties have elected to be part of the district’s organization and programming. The EDD provides information about economic development strategy and initiatives, sources of funds for businesses and public agencies, and community data when requested.
The CEDS is coordinated by staff at the Texoma Council of Governments (TCOG) with input from its Board of Directors, members, local businesses, civic leaders, citizens, and timely, significant research and analysis reports. The Texoma COG also contacted area specialists in the fields of downtown revitalization, education, economic development and workforce development.
In addition to local government efforts, TCOG has initiated a number of community and economic development training seminars designed for local officials, economic development practitioners, and non profit organizations. These training seminars have focused on the rules and regulations regarding sales tax for economic development in Texas and grant writing.
Downloadable CEDS PDF
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