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EDA Tools for Your Region. Mid-Columbia Economic Development District. Developed with EDA Funding. Measuring Distress Tool: Provides unemployment and per capita income data to determine if a project meets thresholds for EDA grant funding

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EDA Tools for Your Region

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eda tools for your region

EDA Tools for Your Region

Mid-Columbia Economic

Development District

developed with eda funding
Developed with EDA Funding
  • Measuring Distress Tool: Provides unemployment and per capita income data to determine if a project meets thresholds for EDA grant funding
  • Project Evaluation Tool: Offers qualitative and quantitative analysis of a project to estimate success
  • Identifying Regional Strengths: Multiple tools and studies, particularly focused on innovation and cluster strategies
achieving our vision
Achieving Our Vision
  • MCEDD Goal 4- Increase region’s access to resources for economic development initiatives
    • Provide a regional clearinghouse for regional statistics and grant resources
measuring distress tool
Measuring Distress Tool
  • Web tool drawing from existing databases. Performs calculations automatically for 24 month unemployment and per capita income
  • Resolves issues regarding difficult to obtain data and consistent calculations across regions
measuring distress tool1
Measuring Distress Tool
  • Accessible to anyone online:
  • http://statsamerica.org/distress
eda project evaluation tool
EDA Project Evaluation Tool
  • Quantitative Analysis Measuring:
    • Regional and national forecast for the industry affected
    • Quality of jobs
    • Fit with region’s industrial structure
    • Innovation and Research focus
    • Unemployment and Employment rates for the County
  • Limitations
    • Analysis can only be completed as it affects one industry
    • Analysis (and forecast) can only be accessed for one County at a time, not a region
    • Provides an average score, but does not index that score
eda project evaluation tool1
EDA Project Evaluation Tool
  • Qualitative Analysis- Incorporates Investment Policy Guidelines from EDA
    • Strong organizational leadership
    • Evidence of market-based strategy
    • Advancing productivity, innovation and entrepreneurship
    • Anticipates economic changes, diversifies regional economy
    • High Degree of commitment with matching funds, unified support by elected officials, and strong cooperation with business
eda project evaluation tool2
EDA Project Evaluation Tool
  • Potential Applications of the Tool
    • MCEDD: Evaluate projects and assist in establishing regional priorities for our Comprehensive Economic Development Strategy
    • Economic Development Practitioners: Utilize in deciding among competing projects
    • Project Proponents: Determine likelihood of success. Analyze if EDA grant should be pursued.
  • Tool can be downloaded at: http://www.eda.gov/Research/ToolsOfTrade.xml
innovation in american regions
Innovation in American Regions
  • Available at: http://statsamerica.org/innovation
  • Incorporates the following resources:
    • Innovation Index
    • Occupational and Industry Clusters
    • Unlocking Regional Competitiveness Reports
thank you
Thank you!
  • Informational Sheet Available. Contact us at 541-296-2266.