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Economic Development Strategic Plan
5/1/2025
-
Compton, CA
City of Compton
Buyer seeks a qualified consultant to develop the city's first-ever four-year Economic Development Strategy. The plan should address economic conditions, business attraction/retention, workforce development, and include detailed implementation steps. The strategy requires stakeholder engagement to ensure community vision is reflected. The final product must be visually appealing with metrics to track success.
- 4/10/2025 - RFP Opens
- 5/1/2025 - Proposal Due Date
Refer to RFP
- Conduct economic conditions analysis with market and industry cluster data
- Prepare psychographic study of Compton visitors, shoppers and diners
- Develop SWOT analysis and competitive assessment against similar cities
- Assess city's administrative capacity for economic development implementation
- Facilitate community outreach including minimum three in-person public meetings
- Create branded visual action plan with implementation metrics
- Identify geographic focus areas for investment and opportunity sites
- Develop business attraction target list with specific companies and contacts
- Draft four-year economic development strategy with implementation timeline
- Present final plan to Community Development Committee and City Council
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