Community Development Plans and Cost Benefit Analysis Project Readiness Kit (Publication Date: 2024/02)


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Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:

  • Does your community have an economic development plan or strategy?
  • How does affordable housing overlap with other land use policies as the Comprehensive Plan, downtown revitalization, economic development and/or any other community plans?
  • What do you anticipate to be the impact of your plans on the community and the way it is seen?
  • Key Features:

    • Comprehensive set of 1506 prioritized Community Development Plans requirements.
    • Extensive coverage of 114 Community Development Plans topic scopes.
    • In-depth analysis of 114 Community Development Plans step-by-step solutions, benefits, BHAGs.
    • Detailed examination of 114 Community Development Plans case studies and use cases.

    • Digital download upon purchase.
    • Enjoy lifetime document updates included with your purchase.
    • Benefit from a fully editable and customizable Excel format.
    • Trusted and utilized by over 10,000 organizations.

    • Covering: Agricultural Subsidies, Political Analysis, Research And Development, Drought Management Plans, Variance Analysis, Benefit Reductions, Mental Accounting, Sustainability efforts, EMI Analysis, Environmental Analysis, Ethical Analysis, Cost Savings Analysis, Health and Wellness, Emergency Response Plans, Acceptance criteria, Attribute Analysis, Worker Training Initiatives, User Scale, Energy Audit, Environmental Restoration, Renewable Energy Subsidies, Disaster Relief Efforts, Cost Of Living Adjustments, Disability Support Programs, Waste Management Benefits, Biodiversity Conservation, Mission Analysis, Infrastructure Development, Sunk Cost, Robustness Analysis, Financial Cost Analysis, Hazardous Waste Disposal, Maintenance Outsourcing, Accident Prevention Measures, Crime Prevention Policies, Reserve Analysis, Environmental Impact Evaluation, Health Insurance Premiums, Criminal Justice System, Change Acceptance, Fiscal Policy Decisions, Recordkeeping Procedures, Education Funding Sources, Insurance Coverage Options, Data Ownership, Consumer Protection, Consolidated Reporting, Vendor Analysis, Telecommunication Investments, Healthcare Expenditure, Tolerance Analysis, Cost Benefit Analysis, Technical Analysis, Affirmative Action Policies, Community Development Plans, Trade Off Analysis Methods, Transportation Upgrades, Product Awareness, Educational Program Effectiveness, Alternative Energy Sources, Carbon Emissions Reduction, Compensation Analysis, Pricing Analysis, Link Analysis, Regional Economic Development, Risk Management Strategies, Pollution Control Measures, Food Security Strategies, Consumer Safety Regulations, Expert Systems, Small Business Loans, Security Threat Analysis, Public Transportation Costs, Project Costing, Action Plan, Process Cost Analysis, Childhood Education Programs, Budget Analysis, Technological Innovation, Labor Productivity Analysis, Lean Analysis, Software Installation, Latency Analysis, Natural Resource Management, Security Operations, Safety analysis, Cybersecurity Investments, Highway Safety Improvements, Commitment Level, Road Maintenance Costs, Access To Capital, Housing Affordability, Land Use Planning Decisions, AI and sustainability, ROI Analysis, Flood Damage Prevention, Information Requirements, Water Conservation Measures, Data Analysis, Software Company, Digital Infrastructure Costs, Construction Project Costs, Social Security Benefits, Hazard Analysis, Cost Data Analysis, Cost Analysis, Efficiency Analysis, Community Service Programs, Service Level Objective, Project Stakeholder Analysis, Crop Insurance Programs, Energy Efficiency Measures, Aging Population Challenges, Erosion Control Measures

    Community Development Plans Assessment Project Readiness Kit – Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):

    Community Development Plans

    Community Development Plans are strategies or plans created by a community to address economic needs and promote growth.

    1. Develop a comprehensive economic development plan with input from the community.
    – Encourages participation and buy-in from community members.

    2. Create business incubators or small business assistance programs.
    – Fosters local entrepreneurship and job creation, enhancing the local economy.

    3. Provide training and education programs for residents to acquire new skills.
    – Increases human capital and employability, leading to long-term economic growth.

    4. Offer tax incentives or subsidies to attract businesses and investors.
    – Attracts new investments and job opportunities in the community.

    5. Improve infrastructure, such as roads and utilities, to support economic development.
    – Enhances connectivity and accessibility for businesses and residents, promoting economic growth.

    6. Enhance tourism and promote local attractions to increase revenues.
    – Increases local income and economic activity, benefiting the community as a whole.

    7. Collaborate with neighboring communities for regional economic growth.
    – Encourages cooperation and increases the potential for attracting larger investments.

    8. Develop partnerships with universities or research institutions for innovation and technology advancement.
    – Creates new business opportunities and drives economic development through research and development.

    9. Support and fund local community organizations and events.
    – Stimulates economic activity by bringing in visitors and boosting the local economy.

    10. Prioritize sustainable development initiatives to promote environmental responsibility.
    – Positively impacts the community′s long-term economic growth and sustainability.

    CONTROL QUESTION: Does the community have an economic development plan or strategy?

    Big Hairy Audacious Goal (BHAG) for 10 years from now:
    Big Hairy Audacious Goal: By 2030, every community in the world will have a comprehensive and sustainable Community Development Plan that addresses economic development through a strategic and collaborative approach.

    Over the next 10 years, Community Development Plans will become the norm rather than the exception in every city, town, and village. These plans will be created with input from all stakeholders, including local government, businesses, non-profit organizations, and community members.

    These plans will focus on promoting economic growth and creating opportunities for all members of the community. This will include strategies for attracting new businesses, supporting existing businesses, and fostering entrepreneurship. The plans will also address issues such as affordable housing, workforce development, and infrastructure improvements to support economic development.

    Through these plans, communities will be able to identify their unique strengths and assets, and leverage them for economic growth. They will also address any challenges or barriers that may be hindering economic development, and develop innovative solutions to overcome them.

    By 2030, the presence of a comprehensive Community Development Plan will be a key factor in attracting investors and businesses to a community. These plans will not only improve the economic well-being of the community but also enhance the overall quality of life for its residents.

    This big hairy audacious goal will require strong collaboration and commitment from all stakeholders, as well as dedicated resources and support from local and national governments. However, the long-term benefits of having a well-planned and strategically developed Community Development Plan will far outweigh the effort put into achieving this goal.

    Ultimately, by 2030, every community will have a thriving economy, providing its residents with fulfilling employment opportunities, a vibrant and diverse business landscape, and a high quality of life. This will pave the way for a more prosperous and equitable world, where all communities can thrive and reach their full potential.

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    Community Development Plans Case Study/Use Case example – How to use:

    Case Study: Community Development Plans – Examining the Existence of Economic Development Strategy in a Small Town


    The client in this case study is a small town located in the Midwest region of the United States with a population of approximately 10,000 residents. The town has been facing economic challenges due to the decline of its traditional industries such as agriculture and manufacturing. The town′s leadership recognized the need for a comprehensive economic development plan to revitalize the local economy and create new opportunities for growth. However, before committing resources to developing such a plan, the town wanted to determine whether there was already an existing economic development strategy that could be utilized or if starting from scratch was necessary.

    Consulting Methodology:

    To assist the town in determining the existence of an economic development plan, our consulting team employed a three-step methodology.

    Step 1: Initial Assessment
    The first step involved conducting an initial assessment of the town′s current economic situation by reviewing existing data and interviewing key stakeholders such as town officials, business owners, and community leaders. This assessment aimed to provide an overall understanding of the town′s current economic landscape and any previous attempts to develop an economic development plan.

    Step 2: Gap Analysis
    Using the information gathered from the initial assessment, the consulting team then conducted a gap analysis to identify any gaps or deficiencies in the town′s economic development efforts. This analysis focused on identifying areas that lacked a clear strategy or action plan and pinpointed potential roadblocks or challenges that had hindered the success of previous initiatives.

    Step 3: Research and Benchmarking
    Finally, the team conducted extensive research and benchmarking of economic development plans and strategies implemented in similar towns or regions. This research aimed to identify best practices and successful approaches to economic development planning that could be tailored to meet the specific needs of the client.


    Based on the three-step methodology, the consulting team delivered the following key deliverables to the client:

    1. Comprehensive Assessment Report – This report provided a comprehensive overview of the town′s economic situation, including an analysis of current economic trends, gaps in existing plans or strategies, and potential opportunities for growth.

    2. Gap Analysis Report – This report identified specific gaps and challenges in the town′s current economic development efforts and provided recommendations for addressing them.

    3. Benchmarking Report – This report highlighted successful approaches and best practices from similar towns or regions and provided recommendations for adapting them to the town′s unique needs.

    Implementation Challenges:

    Some challenges encountered during this project included limited resources and lack of data. As a small town, the client had a limited budget and staff to allocate to economic development planning. Additionally, there was a lack of readily available and reliable data on the town′s economy. To overcome these challenges, the consulting team leveraged their expertise and experience in economic development planning and research to identify alternative data sources and work within the client′s budgetary constraints.


    To measure the success of the project, the team developed the following key performance indicators (KPIs):

    1. Percentage increase in new business startups in the town
    2. Increase in job opportunities within the town
    3. Growth in local revenue and tax base
    4. Increase in the town′s population
    5. Improved infrastructure and amenities in the town
    6. Increase in tourism and leisure activities.

    Management Considerations:

    During the course of the project, several management considerations were taken into account, including:

    1. Collaboration: The consulting team worked closely with the town′s stakeholders to ensure buy-in and collaboration throughout the project.

    2. Inclusivity: To ensure the economic development plan was inclusive and representative of the town′s diverse population, the consulting team sought input from all segments of the community.

    3. Sustainability: The plan developed by the consulting team aimed to create sustainable economic growth and promote long-term success rather than short-term gains.

    4. Flexibility: As economic development is a dynamic and evolving process, the consulting team ensured that the plan was flexible and adaptable to changing circumstances.


    Through the three-step methodology and effective project management, the consulting team was able to identify that the town did not have an existing economic development plan or strategy in place. The delivered recommendations and benchmarking report provided the town′s leadership with a clear roadmap for developing a comprehensive economic development plan tailored to their specific needs. The implementation of this plan is expected to revitalize the local economy, create new opportunities for growth, and improve the overall quality of life for the town′s residents.

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