The vendor is required to provide for a detailed analysis of the municipality’s economic position and review of municipal property assets to determine feasibility and strategy direction for economic development.
a. Market gap analysis
• Identify current commercial, retail, service, and industry market gaps across queens, district and counties.
b. Commercial development identification
• Assess the viability of specific types of development (e.g., grocery stores, logistics hubs, tourism services, health and wellness facilities, etc.) based on population growth scenarios provided.
• Determine high-potential sectors for commercial development based on market need
c. Asset analysis
• Evaluate municipally owned commercial development sites along highway 103, PID’s 80113889 and 80143555 and provide a roadmap to investment readiness.
• Illustrate how we prepare our commercial lots to attract commercial developers.
d. Collaboration
• Engage regularly with designated municipal staff and the municipality’s economic growth committee.
- Requitement
a. Market gap assessment report
• Provide a clear market gap portfolio and illustrate the economic impacts of market opportunities throughout queens, counties for each sector gap.
• This market gap analysis should be completed with PID’s 80113889 and 80143555 in mind and how their future development may benefit from the market gap analysis.
b. Commercial opportunity profile
• Prioritize a minimum of five economic development opportunities for PID’s 80113889 and 80143555.
• Provide development profile report with summaries, site readiness assessments, and business case potential.
c. Investment attraction and marketing strategy
• Identify and provide high level contact for a minimum of 10 potential corporate investors, franchise groups, or commercial real estate development firms that align with local opportunities.
• Develop a strategic marketing package tailored for corporate investors, including pitch materials and site profiles.
• Recommend direct outreach strategies to secure investment interest.
d. Reporting to economic growth committee
• Present interim findings at a mid-point review session
• Present final recommendations.
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