The Wasatch Front Economic Development District (WFEDD) assists in collaboration efforts by bringing ideas, projects, and people together. Some of these activities include coordinating and implementing economic development activities in the WFEDD; carrying out economic development research, planning, implementation, and advisory functions identified in the Comprehensive Economic Development Strategy (CEDS); and coordinating the development and implementation of the CEDS.
Utah is growing, rapidly. Rapid growth within a limited geography necessitates an integrated approach to transportation, land use, and economic development planning. To help our economy thrive, the Wasatch Front Regional Council (WFRC), the Metropolitan Planning Organization and Economic Development District, identified three key strategies for the integration of economic development into other short- and long-range initiatives, such as the Wasatch Choice 2050 Vision, Regional Transportation Plan (RTP), and CEDS.
Under the umbrella of the Wasatch Choice 2050, WFRC and its partners have formed a training academy. The Training Academy’s mission is to serve local governments with information regarding best practices, innovative approaches, current research, and available tools. The Training Academy will promote efficiencies in the coordination of training efforts for WFRC programs and areas of focus to highlight activities that may have already occurred or have been successful throughout the region. Through the training events, we hope to encourage the use and knowledge of available resources and tools offered by WFRC and other partners. The Training Academy will provide practical and transferable solutions for economic development, land use, and active transportation.
The WFEDD furthers regional economic development activities through coordination of longer term planning activities, collaboration and partnerships, and the implementation of the region’s CEDS. The CEDS analyzes the region’s economic conditions, including regional economic strengths, weaknesses, opportunities, and challenges. The WFEDD Strategy Committee is responsible for the creation and implementation of the region’s CEDS.
Regional economic development planning has multiple benefits. One benefit is that coordinated regional economic development planning, through the creation of the CEDS, opens the door to US Economic Development Administration (EDA) grant funding. Another benefit is that it serves as a means to bring economic and community development leaders together to foster and implement goals that further comprehensive planning, economies of scale, capital investment, and regional competitiveness.
The District revises the CEDS every five years, as required by EDA. The District also submits an updated CEDS performance report to EDA each year.