Economic Development

Economic Development

CARPDC’s main economic development activities include the development and updating of the Central Alabama Region Comprehensive Economic Development Strategy (CEDS) and managing of the Revolving Loan Fund (RLF).

CEDS

The CEDS is a document that establishes the priorities and needs for a Region. The Alabama Association of Regional Councils was commissioned by the U.S. Economic Development Administration to conduct a CEDS process within their twelve districts. The outcome of these processes was 12 CEDS documents. These documents while separately representing their individual Regions combine to paint a picture of the entire state’s economic priorities and needs.

You may download the Comprehensive Economic Development Strategy.

You may also want to look at the Statewide CEDS. By utilizing the strategies outlined in the CEDS, over 1700 jobs have been created and more than $153 million in capital investment in the region has taken place over the past ten years.

Revolving Loan Fund

The RLF program enables CARPDC, in collaboration with a private lender, to financially assist small and medium sized businesses in Autauga, Elmore and Montgomery Counties. The RLF is designed to make loans to businesses whose start-up and expansion will result in the creation or retention of permanent jobs and the enhancement of private sector investments.

Additional information can be found in our RLF brochure.

The RLF application can be found HERE.
(You will need to bring the completed application in to our offices to apply)

For further information regarding Economic Development please contact Greg Clark or call 334-262-4300

 page 2 (RLF Program)