Strategic Economic Development Plan Services

The vendor is required to provide to create and implement a strategic economic development plan that positions the parties for sustainable economic growth, investment attraction, and regional collaboration.
- The main objectives are to:
• Develop and implement a strategic economic development plan;
• Enhance the parties’ investment readiness through improved data, planning, and interest holder engagement;
• Identify strategic economic sectors and assess land and infrastructure suitability;
• Formalize a regional and sector-specific collaboration pathways; and
• Create performance metrics to monitor economic development impact
- Economic development committee, which necessitates a strategic economic development plan to guide future investment, optimize land use, and expand on residential / non-residential tax base.
- Phase 1 – data and sector analysis
• Collect and analyze updated economic indicators
• Identify and assess key and emerging economic sectors (e.g., tourism, tech, green energy, professional services, and sport economy)
• Conduct a land use and infrastructure suitability review for targeted business types
• Develop a benchmarking report comparing the parties to similar municipalities
- Phase 2 – strategy development
• Draft a new strategic economic development plan aligned with the strategic plans/priorities for both parties.
• Develop sector-specific strategic recommendations
• Identify investment attraction opportunities and market gaps
• Outline risk mitigation strategies and enablers for growth
- Phase 3 – implementation framework and partnership alignment
• Design and implementation plan, including timelines, actions, responsible parties, and KPIS
• Facilitate engagement with the relevant interest holders both internally and externally and other advisory groups
- Phase 4 – final reporting and presentation
• Submit a comprehensive final report in pdf / digital formats, with all appendices and data files
• Present findings and recommendations to the regional economic development committee, as well as separate presentations to both big lakes county council, as well as the town.
- Budget: <$100,000.
- Questions/Inquires Deadline: August 01, 2025