From Planning to prosperity

1. From Planning to prosperity Cape Cod Comprehensive Economic Development Strategy (CEDS)

2. Presentation Outline • Economic Development • The CEDS (Cape Cod Comprehensive Economic Development Strategy) • The RESET Program • Going Forward

3. Economic development Definition & Players

4. The Economy: A Public-Private Partnership • The Government, as a representative of the people, is responsible for managing public assets, ensuring public health, safety, and security, and balancing the rights of the public where they intersect with those of the individual. • In terms of the economy, the government enables the private market to function by providing the common infrastructure and basic rules of the gamethat are necessary for the creation and exchange of good and services.

5. What is Economic Development? Economic Development is about creating an environment in which individuals and business may prosper over the long-term without depleting resources and undermining a region’s competitive advantage in the marketplace.

6. Principles of Economic Development Protect and build on your competitive advantage. • For the Cape, this is the region’s unique natural environment, historic village character, working agricultural land, harbors, and cultural heritage. Use your resources efficiently. • Resources include natural assets, capital facilities, infrastructure, and human capital. Population and land use patterns affect efficiency. Foster balance and diversity. • Economic strength and sustainability benefit from a mixture of industries, businesses, workers, ownership types, and employment options. Expand opportunity and regional wealth. • Methods include increasing exports, substituting imports locally, attracting capital, and fostering local ownership.

7. Economic versus Business Development

8. Role of CCC in Economic Development The Cape Cod Commission Act created the Commission in part to “ensure balanced economic development” with the purpose of furthering “balanced economic growth” without sacrificing its natural resources, beauty, and heritage of Cape Cod. The Act specifies that the Commission shall “promote the expansion of employment opportunities; and implement a balanced and sustainable economic development strategy for Cape Cod capable of absorbing the effects of seasonal fluctuations in economic activity.”

9. The ceds A Regional Comprehensive Economic Development Strategy

10. What is the CEDS? Planning Document 5-Year Plan Planning Process Vision, Goals, & Objectives Regional Context & Assessment Action Plan Implementation & Evaluation Plan Annual Evaluations Regional progress Planning process Action plan implementation Priority projects Planning Process • US Economic Development Administration defines the basic structure and content of the CEDS • Leadership • Regional Planning Agency – Cape Cod Commission • Strategy Committee – Economic Development Council • Public Process • Data Assessment • SWOT Analysis

11. What is included in the CEDS Document? Action Plan ED Research & Data Analysis Regional ED Planning RESET: Targeted Local ED Planning Regional Priority Project Local Priority Projects Foundation • Vision • Balanced Sustainable Economy • Goals • Low Impact & Compatible Development • Balance & Diversity • Regional & Individual Prosperity • Objectives • Evaluation Measures

12. How is the CEDS implemented? Individual Projects Lead Agency The Cape Cod Commission or/with other county agencies Regional partner organization focused on economic development related activities (such as the Cape Cod Chamber, Technology Council, Community College, or Workforce Investment Board). Towns Project Teams Overall Management • Strategy Committee – EDC • Oversight & Priorities • Communication of progress • Regional Planning Agency – CCC • Design and coordinate stakeholder planning activities • Design and coordinate stakeholder evaluation of progress • Manage grants – reporting etc.

13. Why do the CEDS? Leveraging Funding Economic Development Administration (EDA) funding Planning Infrastructure Other Federal & State funding Leveraging Community Assets • Consensus • Agreement on what economic development means on Cape Cod and how to advance it • Collaboration • Understanding and trust between many entities impacting economic development • Consistency between goals and actions

14. reset  results Detailed look at one element of the CEDS Action Plan

15. RESET The Projects Chatham Mashpee Orleans Falmouth The Program • RESET is on element of the CEDS Action Plan designed to facilitating local economic development • RESET is a partnership between the Cape Cod Commission and the Cape Cod Economic Development Council • The RESET process uses multidisciplinary teams achieve creative and robust solutions that align local and regional actions with the long-term goals and vision for Cape Cod • Yarmouth • Harwich • Bourne • Sandwich • Barnstable

16. Yarmouth RESET Zoning changes Redevelopment Plan for old drive-in site Roadway improvements

17. Harwich RESET Site Assessments of Saquatucket and Wychmere Harbors Redevelopment Site Plan and related recommendations Acquisition of property and redevelopment & upgrades underway

18. Bourne RESET Buzzards Bay GIZ DRI threshold change to encourage high-skill, high-wage jobs Wastewater infrastructure plan Transportation improvements

19. Sandwich RESET DRI threshold change to encourage high-skill, high-wage jobs in key emerging sectors Fiscal impact model – used to assess development alternatives Market Analysis

20. Barnstable RESET Concept plans for mall redevelopment Recommendations for zoning changes Recommendation for public investment

21. Chatham RESET Zoning Changes to be consistent with the Local Comprehensive Plan Roadway Improvements

22. Mashpee RESET Land Use & Market Assessment of Industrial Areas Permitting Analysis Fiscal impact model Hotel Feasibility Study Inventory of available Infrastructure Funding

23. Orleans RESET Recommendation to align policies and plans with LCP Goals Zoning Changes under considerations

24. Falmouth RESET(s) Site assessments leading to sewer extension and road improvements Financial feasibility assessment leading to new affordable housing Zoning assessment and recommendations relative to character and economic goals

25. Intangible Benefits • Open Dialogue • The Commission is able to provide factual information that helps the community discuss and resolve thorny questions about different development options • Town staff typically does not have the time or the breadth of expertise needed to do the analysis and long-range planning that the Commission provides via RESET • Trust • RESET offers opportunities to discuss development in a non-regulatory context and to articulate the long-term visions of the community in different areas • Interactions between staff, boards, the public and the Commission improves trust at and between all levels and has opened up opportunities for further collaboration

26. Going Forward

27. Challenges Staying Focused Communicating Purpose & Results Short-term expectations Essential Elements • Strong Leadership • Partnerships & Collaboration • Long-term Public Investment (aka funding)

28. County collaboration The Cape Cod Economic Development Council & The Cape Cod Commission