Disaster Recovery and Resiliency

Economic Development Plan

The Disaster Recovery and Resiliency Economic Development Plan (DRRE) has been
developed to respond to the economic downturn caused by the COVID-19 Pandemic, and to
prepare for future economic shocks. FCEDD utilized a capacity building Coronavirus Aid
Relief and Economic Security (CARES Act) grant through the U.S Economic Development
Administration. This long-range plan details the impact of the COVID-19 Pandemic on the
region, outlines the district’s ongoing recovery, and seeks to provide principles for
coordinated economic resiliency efforts in Southwest Utah. The overarching role of the
FCEDD and vision for this plan is to support, inform, and coordinate with the region’s
communities, residents, businesses, and stakeholders. Main goals are to understand the
impact of the pandemic on the region’s economy, identify gaps and vulnerabilities through
a SWOT analysis, and prepare for future economic shocks by acknowledging opportunities
for resilient growth.

This plan aims to aid local leaders and economic development practitioners in building
regional readiness by analyzing the economic impacts of COVID-19 and evaluating the
areas in which the region was most vulnerable. Continued partnership between the Five
County Economic Development District and the communities it serves will prove to be
essential in applying this plan’s principles towards another economic shock. Through
planning and alignment of area-wide goals, Southwest Utah can develop a more robust,
diverse, and resilient economic landscape.