Strategic Economic Development and Investment Plan Services

The Vendor is required to provide economic development strategic plan that positions town for sustainable economic growth, investment attraction, and regional collaboration.
- The main objectives are to:
• Develop a 10-year economic development strategic plan and implementation of that plan
• Enhance town investment readiness through improved data, planning, and interest holder engagement
• Identify strategic economic sectors and assess land and infrastructure suitability
• Formalize regional and sector-specific collaboration pathways
• Create performance metrics to monitor economic development impact,
- 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 town to similar municipalities
- Phase 2 – strategy development
• Draft a refreshed 10-year economic development strategic plan aligned with envision town 2050
• 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
• Draft memoranda of understanding (MOUS) or terms of reference for formal collaborations with town tourism, innovate town, and other key partners
- Phase 4 – final reporting and presentation
• Submit a comprehensive final report in pdf and digital formats, with all appendices and data files
• Present findings and recommendations to town administration and council.
- Questions/Inquires Deadline: May 28, 2025