Economic Development Strategy Services

The Vendor is required to provide 5-year economic development strategy to guide our economic development work through 2031.
- Economic development strategy will include, but are not limited to:
• Examine current and past economic development strategies/reports, regional economic development strategies, and land use planning documents.
• Provide information to the town, in writing, a 5-year strategic plan with goals, objectives, tactics, and desired results.
• This plan will include:
• Local, regional, national and international trends impacting current and future economy.
• Identify priority industry sectors and subsectors and the trends and opportunities they create, plus recommendations on how to leverage them.
• An evaluation of the current economic environment and review of regional partners and identify opportunities and a schedule to continue to evaluate.
• Identify strategic economy sectors and assess the suitability of available land.
• Implementation plan with timelines, goals, and measurable results.
• Business, regional partners, town administration, council and EDTAC member interviews, findings, and recommendations.
• The strategic plan should be suitable for printing and posting in public forums.
• The strategic plan should be visually appealing, including charts, graphs, and infographics for ease of consumption.
• Council presentation on completion of project.