Strategic Economic and Community Development Plan Services

The Vendor is required to provide strategic economic and community development plan services for include:
- The engagement should adhere to the following principles to ensure clarity, alignment, and execution:
• Practical, execution-oriented plan
• Data-driven with local insight
• Alignment across organizations
• Differentiated opportunities
• Clear prioritization
- Baseline assessment
• Review of advance city 1.0 and 2.0
• Identify and review other relevant economic development and city plans
• Analysis of current economic conditions and trends
• Benchmarking against comparable communities
- Asset mapping and evaluation
• Physical assets (infrastructure, land, facilities, location advantages)
• Organizational assets (chamber of commerce, economic development partnership, downtown development authority, city, education partners)
• Business ecosystem strengths and gaps (clusters, supply chains, innovation capacity)
- Industry and opportunity analysis
• Identification and validation of target industries
• Assessment of city competitive positioning
• Evaluation of emerging opportunities and risks
• Identify existing strengths and gaps in city economic development offerings
- Stakeholder engagement
• Interviews with key stakeholders
• Facilitated workshops
• Broader community/business input
- Strategic framework development
• Clear strategic priorities and focus areas
• Defined initiatives and programs
• Identification of ‘needle-moving’ opportunities
- Implementation roadmap
• Actionable plan with timelines and ownership
• Recommended governance / accountability structure
• Metrics and key performance indicators for tracking progress
• Marketing and communications strategy to support rollout and adoption.