Committee on Economic Development & Capital Planning.

• Author: Thomas, Michael
• Position: COMMITTEE UPDATE

The Committee on Economic Development and Capital Planning (CEDCP) spent GFOA's 2022 winter committee meeting welcoming new members, discussing committee priorities, and planning the group's future work. With most of its major work from the previous year concluded, members were able to focus on looking toward 2022. Much of the time leading up to the January meeting in Washington, D.C. was devoted to brainstorming the committee's next topics and to get in some preliminary work over those issues.

GFOA Winter Meeting 2022

The committee discussed its ongoing work: rewriting the Environmental Practices in Capital Planning best practice, developing a best practice on Alignment of Capital Assets and Revenue Streams, and creating a draft of a best practice on Assessing Governments' Ability to Manage Capital Assets.

Since early fall 2021, the CEDCP has been considering new topics to address. Through a series of virtual meetings and conference calls leading up to the winter meeting, the committee focused on three issue areas for potential action: environmental, social, and governance (ESG) issues; placemaking and economic development; and "accountaneering"/strategic asset management. Members from each subgroup further discussed their respective topics and how the committee might develop a best...