The U.S. Department of Commerce, Economic Development Administration (EDA) has designated Eastern Maine Development Corporation as the regional entity responsible for the development of the Comprehensive Economic Development Strategy (CEDS) for the region of Penobscot, Piscataquis, Hancock, and Waldo Counties. The CEDS provides a regional template for future economic development, describing the economic challenges and potential of the region and prioritizing economic development projects.
Eastern Maine Development Corporation is an Economic Development District focused on business development, workforce development and community development. EMDC is responsible for the facilitation of a 5 year Comprehensive Economic Development Strategy (CEDS). In addition, each year, EMDC updates the Priority Project List section of the CEDS.