South Florida Comprehensive Economic Development Strategy 2012-2107
The Comprehensive Economic Development Strategy (CEDS) for South Florida is a plan to support the regional economy of Broward, Miami?Dade, and Monroe Counties. The CEDS will guide federal and state investment priorities and funding sources, and delineates lead organizations responsibilities for execution of the CEDS. The strategy takes into account the region’s vulnerability to climate impacts, and discusses advance preparation and adaptation, as well as the necessity for South Florida to become disaster resilient to remain economically strong.
The report lists the economic development goals, objectives, strategies, as well as the Priority Project Areas developed by the CEDS Strategy Committee. It is followed by a plan of action that outlines the activities necessary to implement the goals and objectives of the Strategy.
The CEDS Technical Report provides an outline of current economic and demographic conditions of the region, a detailed analysis of regional economic development problems and opportunities, and an analysis of regional industry clusters.
Some environmental constraints on economic development for the infrastructure sector are discussed in depth including focal sections on Hurricane Vulnerability, and Global Climate Change and Sea Level Rise.
The report describes that one of the greatest challenges facing South Florida is the projected impact of climate change and sea level rise on the Region’s infrastructure and economy, communities – (especially vulnerable populations), and environmental resources and ecosystems. South Florida is particularly susceptible to sea level rise impacts because of its low topography; limestone foundation (which makes the building of barriers to prevent sea level rise costly if not impractical); dense coastal population; hurricanes and accompanying storm surge; and transportation, energy, and water management infrastructure that is located in coastal areas.
The strategy recommends that to remain economically competitive, South Florida should become as disaster resilient and disaster ready as possible. An important regional goal is to ensure that communities are prepared for hurricanes as possible, and to ensure that the appropriate support services and policies are in place to aid them.
Another recommendation related to extreme weather is that: "(p)rograms and policies should be considered or enhanced that help worker wages keep pace with the rising cost of property insurance, that reduce property insurance costs and minimize post?storm disruption, and that focus on business disaster preparedness."
Publication Date: September 2012
- South Florida Regional Planning Council
- Plans (other)
- Policy analysis/recommendations