What is a Sustainable Economic Development Plan?
A Sustainable Economic Development Plan is a comprehensive strategy that establishes clear goals and objectives for creating a vibrant and resilient economy while preserving natural resources and promoting social equity. It outlines what needs to be done, how it should be done, and who should be responsible for doing it. This strategy should be tailored to each individual organization and should be regularly monitored and adjusted to ensure it is achieving its desired goals and objectives.
What's included in this Sustainable Economic Development Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Sustainable Economic Development Plan template for?
This Sustainable Economic Development Plan template is designed for economic development agencies, governments, and organizations who are looking to establish their own sustainable economic development plans. The template is designed to help create a comprehensive plan that is tailored to each individual organization's needs.
1. Define clear examples of your focus areas
Focus areas are the broad topics that your sustainable economic development plan will cover. Examples of focus areas could include promoting sustainable development, strengthening local infrastructure, and enhancing food security. For each focus area, it is important to define clear objectives that your plan should aim to achieve.
2. Think about the objectives that could fall under that focus area
Objectives are the measurable goals that your plan should strive to achieve within each focus area. It is important to create objectives that are measurable, achievable, and relevant to your organization. Examples of objectives could include increasing access to affordable housing, increasing the use of renewable energy, and increasing access to healthy foods.
3. Set measurable targets (KPIs) to tackle the objective
Key Performance Indicators (KPIs) are the measurable targets that you should set for each objective. It is important to set initial and target values for each KPI, as well as defining the unit of measure. This will help you track the progress of your objectives. An example of a KPI for the focus area of Promote Sustainable Development could be: Increase Number of Affordable Housing Units by 30%.
4. Implement related projects to achieve the KPIs
Projects are the steps that your organization should take to achieve the KPIs. Examples of projects could include creating affordable housing programs, implementing solar panels in buildings, and establishing community gardens. It is important to have a clear timeline and list of responsibilities for each project.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade Strategy Execution Platform is a software that helps organizations achieve their strategic goals and objectives. It helps to streamline the strategic planning process, track progress, and measure success. Organizations can use Cascade to see faster results from their strategies and ensure they are achieving their desired goals.