Economic Development Strategic Plan Services

The vendor is required to provide economic development strategic plan services for include:
1. Citywide economic analysis:
•    Conduct an in-depth assessment of city current economic landscape, including but not limited to key sectors, employment trends, demographic profiles, and business climate indicators.
2. Market study:
•    Undertake a detailed market study to identify opportunities for growth and investment.
•    Analysis to include, but no limited to, market leakage, demographic profile, unemployment rate
•    Identify potential markets for city-owned or vacant commercial properties
3. Strategic action plan development:
•    Develop a comprehensive economic development action plan for 1-3 years, 3-5 years, and 5-10 years
•    Outline clear goals, and specific strategies and initiatives that the city can implement aimed at stimulating economic growth, attracting new businesses, retaining existing enterprises, and promoting job creation.
4. Community engagement:
•    Facilitate engagement with residents, business owners, community organizations, and other stakeholders to ensure the action plan reflects the diverse needs and aspirations of the city community.
•    Utilize various outreach methods including public meetings and surveys.
5. Policy recommendations:
•    Provide recommendations for policy reforms, zoning changes, incentives, and other regulatory measures to support economic development objectives.
•    Provide suggestions to streamline the development process and enhance a business-friendly environment.
6. Industry cluster analysis (optional add on):
•    With a strong agricultural economy, the city is looking for opportunities to attract manufacturers and suppliers to support this industry.
7. Retailer metrics (optional add on): 
•    Ability to provide retailer metrics to the city.

- Questions/Inquires Deadline: August 18, 2025