{"id":340086,"date":"2021-03-12T06:05:32","date_gmt":"2021-03-11T20:05:32","guid":{"rendered":"https:\/\/www.saipantribune.com\/?p=340086"},"modified":"2021-03-12T06:05:32","modified_gmt":"2021-03-11T20:05:32","slug":"hofschneider-introduces-bill-to-create-ceda","status":"publish","type":"post","link":"https:\/\/www.saipantribune.com\/index.php\/hofschneider-introduces-bill-to-create-ceda\/","title":{"rendered":"Hofschneider introduces bill to create CEDA"},"content":{"rendered":"<figure id=\"attachment_339564\" aria-describedby=\"caption-attachment-339564\" style=\"width: 960px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.saipantribune.com\/wp-content\/uploads\/2021\/03\/Jude-Hofschneider-1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.saipantribune.com\/wp-content\/uploads\/2021\/03\/Jude-Hofschneider-1-1024x531.jpg\" alt=\"\" width=\"960\" height=\"498\" class=\"size-large wp-image-339564\" \/><\/a><figcaption id=\"caption-attachment-339564\" class=\"wp-caption-text\">Jude U. Hofschneider<\/figcaption><\/figure>\n<p>Senate President Jude U. Hofschneider (R-Tinian) has introduced a bill that will transform the Commonwealth Development Authority into the Commonwealth Economic Development Authority\u2014the primary agency tasked with the economic development of the CNMI. <\/p>\n<p>The creation of CEDA is one of the recommendations of the Governor\u2019s Council of Economic Advisers, which says the economic development of the Commonwealth can best be served by a targeted approach aimed at the needs of the economy and providing CDA with the mandate and resources to support this effort.<\/p>\n<p>Under Senate Bill 22-36 that Hofschneider prefiled Tuesday, CEDA will be empowered with this mandate of economic development, with the flexibility to pursue industries and investments that will strengthen the CNMI economy.<\/p>\n<p>Hofschneider stated in the bill that the Commonwealth economy requires a renewed focus on economic development and diversification to provide jobs and economic opportunities. He said a targeted focus of a single government entity to plan for and implement efforts to cultivate a stronger, more diversified economy for the Commonwealth is necessary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senate President Jude U. Hofschneider (R-Tinian) has introduced a bill that will transform the Commonwealth&#8230;<\/p>\n","protected":false},"author":23,"featured_media":339564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-340086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/340086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=340086"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/340086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media\/339564"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=340086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=340086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=340086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}