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Economic Development Strategic Plan

5/1/2025
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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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