The Department of Commerce (Commerce) is responsible for promoting community and economic development within the state by assisting the state's communities to increase the quality of life of their citizens and their economic vitality, and by assisting the state's businesses to maintain and increase their economic competitiveness, while maintaining a healthy environment. Commerce's community and economic development responsibilities include:
By December 1, 2024, and every 10 years thereafter, Commerce is required to lead and facilitate the development of a regional economic development vision and action plan for each region of the state that includes a county that is eligible to be categorized as a distressed area due to its unemployment rate. There must be at least five regional vision and action plans completed, with the boundaries of the regions to be determined at the discretion of Commerce after outreach to affected communities.
The purpose of each regional economic development vision and action plan is to assist with synchronizing local government policies and actions, and to guide and inform state funding and policies connected to the economic development objectives. The action plans do not have the force of law and may not compel any local or state action. In developing the vision and action plans, Commerce must coordinate with local associate development organizations, local government officials, the private sector business community, nonprofit organizations, and local labor organizations. Commerce shall survey the local community with respect to their goals for the future of the local economy. Commerce must request the cooperation of other state agencies for research and analysis that may be required to complete the vision and action plans.