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REDS Status Updates

Updated: Apr 19

This page contains the latest Regional Economic Development Strategy (REDS) program updates. Last updated April 18, 2021.

General


Developing the final REDS 1.0 strategy report, to be released in May 2021


Released a public announcement on REDS progress and a set of regional economic development collaboration goals and guiding principles approved by the Steering Committee


Concluded Research & Discovery (Phase 1) and Alternatives Analysis (Phase 2), the latter focusing on potential collaboration models, joint regional programs, and a regional economic mobility and social equity mapping and evaluation function


Presented REDS progress to the COG Region Forward Coalition (see the presentation materials here)


Unveiled the new REDS web page!


Steering Committee


Held 5th Steering Committee meeting on April 5

  • Read-out of regional economic development leader interviews

  • Reviewed REDS 1.0 strategy report progress and recommendations for development of an enduring collaboration model, regional programs (joint economic development actions around regional branding, marketing, and talent development), and an economic mobility and social equity mapping and index function as a regional planning and evaluation tool

  • Discussed potential for coordinated regional pursuit of Federal funds

  • Discussed transition to REDS 2.0 (May - December 2021)


Working Group


Held 7th Working Group meeting on April 19 to review draft of REDS 1.0 strategy report


Continued meeting one-on-one with REDS Steering Committee members to develop recommendations


Completed analysis of interviews with regional economic development leaders


Completed 31-page Research & Discovery Phase interim report and 6-page executive summary, divided into the following sections:

  • Regional Collaboration Models

  • Regional Economic Development Initiatives

  • DMV Community Leader Outreach

  • Regional Economic Development Competitiveness Assessment

  • Historic Efforts & Current Regional Capacities