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Comprehensive Economic Development Strategy

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As part of MCOG's Strategic Plan, the region must update the Midcoast Comprehensive Economic Development Strategy (CEDS) Plan (required by the Federal Economic Development Administration; EDA). The CEDS process, necessary for key projects to be eligible for federal funding, will identify a broad array of infrastructure needs to meet the vision, goals, and guiding principles for economic investment in the Midcoast region.

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Staff contact: Max Johnson, mjohnstone@midcoastcog.com.

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Goals

  • Accelerate the growth of the Midcoast’s Agriculture and Aquaculture sectors

  • Expand job opportunities in the manufacturing and technology sectors across the region

  • Increase experiential tourism opportunities which attract new visitors to the Midcoast throughout the year

  • Attract and retain young talented people to the region while utilizing the skills and experiences of older talented people in the Midcoast

  • Create a resilient regional economy by encouraging diversification in local industries.

  • Expand workforce training opportunities for improving accessibility for new Mainers.

  • Expand broadband coverage and capability to have at least 80% of the region serviced.

  • Grow the 25-44 population

  • Increase the adult population with post-secondary education

  • Increase the adult population working in the trades industry

  • Increase the number of businesses

  • Lower the vacancy rate on Main Streets

  • Increase affordable and workforce housing opportunities throughout the Midcoast

Mobilize Midcoast Maine
 

In order to develop the 2021 Comprehensive Economic Development Strategy, MCEDD, along with the other 6 economic development districts in Maine, are implementing Mobilize Maine – an asset based and community driven approach to economic development.

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The Mobilize Maine initiative is an action-oriented and strengths based approach to economic development. In order to encourage economic growth Mobilize Midcoast Maine focuses on the following:

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1. Promoting private sector participation

2. Leveraging assets unique to the Midcoast

3. Developing measurable benchmarks

4. Utilizing Action Teams composed of people with expertise in key growth sectors

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This new approach to encouraging economic growth is unlike any other economic development initiative undertaken in Maine. It has a proven track record for region in Maine that have begun this work.

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Questions?

Give us a call or an email so we can discuss with you how we can provide these services.

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