A Comprehensive Economic Development Strategy (CEDS) has been adopted by the Northeast Florida Regional Council. The Comprehensive Economic Development Strategy for Northeast Florida is designed to guide the economic growth of the First Coast region. It was produced with funds provided by the U.S. Department of Commerce through the Economic Development Administration (EDA), and in-kind contributions by the Northeast Florida Regional Council. The CEDS is the result of a collaborative effort by a diverse group of public officials, community leaders, and representatives of workforce development boards, institutions of higher education, minority and labor groups, and private individuals.

The CEDS provides a mechanism for coordinating the efforts of economic development organizations, local governments, and private industries for the purpose of creating jobs, fostering a stable and diversified economy, and improving living conditions. Additionally, the CEDS identifies individual programs and projects that will further the economic development goals of the First Coast region. Programs and projects identified within the CEDS are eligible for financial assistance through the Economic Development Administration.

The CEDS will be reviewed periodically and may be amended at anytime to ensure that it reflects the economic goals of the region. At a minimum, however, the CEDS will be reviewed annually and a report prepared for public inspection.