What is the Economic Action Group?
Public, Private, and Nonprofit experts, as key Mahoning Valley stakeholders, discuss ways to advance and accelerate the economy of the Mahoning Valley. EDA has moved towards being the federal integrator for economic development, meaning that EDA encourages districts to move beyond just prioritizing projects that may seek EDA funding. Eastgate reflected this in the updated CEDS by reaching across different types of economic development and including a comprehensive list of local projects in addition to priorities.Quarterly structure of meetings where the REDC will act as the advisory council for the district. In addition, there are scheduled working group meetings around the themes of Workforce/Training & Education; Innovation & Entrepreneurship; Access to Capital; Infrastructure & Site Development; Industry & Business Climate; and Quality of Life & Community Vitality. These are held bi-monthly, during the regular scheduled EAG meetings.
- The EAG helps enable members to lead and implement strategic community planning initiatives. EAG members and others community stakeholders are brought together as subcommittees to implement projects that align with their respective organizational mission or goals.
- Participants are provided support in defining project scope, objectives, budget, and project schedule.
- Potential funding sources are identified.
- Subcommittees conduct offline planning and implementation meetings with the assistance of YSU REDI and Eastgate.
- Subcommittees update the EAG regularly to communicate progress, seek assistance, engage additional EAG members, and promote successes.