The overall Economic Development program (OEDP) ia a locally initiated planning process designed to create employment opportunities, foster more stable and diversified local economies,
improve local conditions, and provide a mechanism for guiding and coordinating the efforts of local individuals and organizations concerned with the economic development of the district.
The OEDP document describes the district’s Overall Economic Development Program and charts the course for development action. It examines the problems, needs and resources of the district,
and sets forth the goals of the development program, together with the strategy devised to achieve these goals.
The OEDP Document provides the basis for meeting the statuary requirements that the public works and business development projects funded by the Economic Development
Administration be consistent with an approved overall program for the economic development of the district. EDA approval of the initial OEDP document, the first report
submitted by the district, is a requisite to official action by EDA on designation of the district and its selected economic development center or centers.
Designation confers eligibility upon the district and its center or center for public works and business development projects.