Document Type

Report

Publication Date

11-2005

Abstract

The 2005 Revised OEDP provides OEDC with current data and analysis to initiate and complete a strategic process to develop an action plan for community and economic development activities and projects.

The 2005 Revised Overall Economic Development Plan (OEDP) prepared by the Center for Public Affairs Research (CPAR) at the University of Nebraska at Omaha (UNO) for the Omaha Economic Development Corporation (OEDC) replaces the original OEDP first prepared in 1978. While a variety of revisions and updates over the years helped keep the original OEDP relatively current and helpful in development activities, in 2005 OEDC President Alvin Goodwin commissioned CPAR to provide a new basic planning document for the organization. Working with OEDC staff, and using the original OEDP as a framework, faculty and staff from CPAR, with the assistance of UNO graduate students, collected and analyzed data for the 2005 Revised Overall Economic Development Plan. The Revised OEDP retains and updates several of the sections from the original Plan but also adds new sections. Overall economic development plans contain a wealth of information about the demographic, social, and economic characteristics of the geographic area targeted for development by a community development corporation (CDC). CDCs, like the Omaha Economic Development Corporation, engage in many and varied community and economic development projects in its service area, and the overall economic development plan provides needed information to implement these projects. For example, the OEDP helps the community development corporation identify community needs as well as opportunities for business and economic development. Data from the OEDP can also be utilized for marketing and promotional purposes to attract new firms and customers. The OEDP serves as a source of information for formulating broad, long-term organizational goals, as well as specific, short-term development strategies and actions. Finally, the OEDP helps coordinate development activities, plans, and projects among the range of other organizations working in or adjacent to the target area.

Comments

Individual figures and tables from the report are also included as additional files.

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