Greater Philadelphia is a large complex region, covering portions of two states, with hundreds of municipalities responsible for individual development and land use decisions. The region’s economy is similarly diverse with dozens of public– and private– sector organizations seeking to promote or attract a wide variety of sectors and specific interests. DVRPC’s process and strategy strives to address all the opportunities and challenges that the region faces.
While each county and municipality approaches economic development differently, we are all united in advancing common goals: investing in their people, creating attractive places, and supporting businesses. Continued coordination across states lines, city and county boundaries, employment sectors, and public and private sectors is essential to maintain a regional perspective and shared vision, goals and objectives.
The strategy has three big goals: open economic opportunities to everyone; compete globally; and sustain a high quality of life. Each goal is supported by specific strategies and initiatives to sustain and grow jobs throughout the region, at the regional and local level.
The strategy emphasizes traditional economic development priorities such as transportation, education, international trade and the region’s business climate. Newer emphasis areas include a local revitalization strategies, workforce development and advancing social equity and diversity.
DVRPC manages the regional Comprehensive Economic Development Strategy (CEDS) for the Greater Philadelphia region, satisfying provisions of the United States Economic Development Administration (EDA). The Greater Philadelphia Economic Development Framework was formally approved by the EDA as the regional CEDS on September 30, 2009.