The CWCOG’s Economic Development Program has been an integral part of the agency since 1994. Whether driven by member requests to integrate economic development into the CWCOG’s regional programs or partnership with the US Department of Commerce’s Economic Development Administration, the CWCOG provides a forum for agencies, both public and private, to discuss regional issues across numerous jurisdictional boundaries and to have meaningful conversations regarding the growth and economic health of the region. From these discussions, comes collaboration and action that help to improve the livability of our communities.
Revolving Loan Fund Program
A revolving loan fund is a financing program used for the development and expansion of small businesses. It is a self-replenishing pool of money, utilizing interest and principal payments from current and past loans to finance new ones. The CWCOG Revolving Loan Fund Program provides access to a flexible source of capital that can be used in combination with more conventional sources. The current loan funds aid small business within the City of Longview regional boundaries.
The program is operated under a plan as required by the Economic Development Administration. The current plan can be found here
Economic Development District (EDD) Board
The Economic Development District (EDD) are the conduits through which the U.S. Department of Commerce’s Economic Development Administration (EDA) identifies local and regional priorities and applies funding. Established EDDs made up of private, public, and non-profit sector members create the forum for establishing a strategic blueprint of a regionally driven, economic development planning process; one that supports the attraction of new businesses, helps existing businesses thrive, promotes entrepreneurship and innovation, and provides infrastructure improvements.
In November of 2018, the EDA approved the CWCOG’s request for a two-county EDD designation comprised of Cowlitz and Wahkiakum Counties, and named the CWCOG as the District Organization and the CWCOG Board of Directors as the administrative board for the EDD.
Comprehensive Economic Development Strategy Committee
The Comprehensive Economic Development Strategy (CEDS) Committee is a subcommittee of the Economic Development District Board. The CEDS Committee is charged with assisting CWCOG staff with the creation, updates, revisions, and replacement of the five-year CEDS document. The Committee must represent the main economic interests of the region and must include both private and public-sector representatives.
Longview Revolving Loan Fund Advisory Board
The Longview Loan Advisory Board and the CWCOG jointly administer a Revolving Loan Fund which funds projects within the City of Longview regional boundaries. The members are appointed by the City Manager.