Economic Development Services - Marketing and Real Estate Analysis
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- This RFP had a pre-bid event.
- This RFP was uploaded by the owner.
The Village is issuing a Request for Proposal (RFP) for interested vendors to submit proposals for economic development services on a single project basis. The Village is interested in performing a market analysis of the community to better support business retention, expansion, and entrepreneurship and recruitment efforts. This information will be used to help identify retail gaps in the community and fill empty and new spaces with compatible businesses that are likely to succeed. After completion of the above, Consultant will integrate findings and conclusions and will assist the Village with preparation of a Real Estate Financial Analysis. To understand the impact of various development types, amenities and design standards, Consultant will build a development pro forma for recommended projects. This will model the investment in terms of costs and revenues to understand if a profitability gap exists that might deter investment and to determine if public subsidies (such as TIF), or other public sector funds (such as Low Income Housing Tax Credits or other grant funds) are adequate to fill that gap.
