7.1. EDSR 12-16-2019 - Laserfiche WebLink

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Purpose The EDA is requesting proposals from potential consultants for the development of an economic development strategic plan. The consultant will be expected to undertake the following-. Conduct meetings and community events with engage stakeholders and citizens to tde my t '--------- -- ------------------ neeessary --------�, - create a vision of successful long-term economic development �------------------- ---- ------ ` 2. Evaluate strengths, weaknesses, opportunities and challenges regarding economic development; 2 3. Evaluate target industries and potential development areas; 4. Conduct necessary review of existing research, EDA and stakeholder master plans, regional strategic plans and existing relevant programs; 5. Conduct additional research as required to establish basis for SWOT analysis and targeted industry recommendations. 6. Prepare and present a final report to the EDA including new recommendations and implementation plans to attract target industries; 7. Identify the best method for organizing, funding and operating a superior city-wide economic development program; and 8Identify key catalyst projects to impact economic development and present an implementation plan to the EDA regarding the same. 8 These documents will build upon the EDA's existing plans including the city's vision, Mississippi Connections Plan, FAST Study, Comprehensive Plan, Parks and Recreation Plan, Capital Improvement Plan, along with any other relevant studies that have set forth goals and objectives for economic growth and sustainability. Understanding that the catalyst to creating an EDA strategic plan is to better understand the future development needs in conjunction to the 169 Redefine project. Background The City of Elk River is located about 35 miles northwest of Minneapolis, MN and midway to St. Cloud at the confluence of the Elk and Mississippi Rivers. The city is served by US Highways 10 and 169, both gateways to Minnesota's lakes regions. We are also served by State Highway 101 for easy access to Interstate 94. Elk River consists of 43 square miles with a population of 23,447. City Vision Formatted: Font: Garamond, 12 pt Formatted: Font: Garamond, 12 pt Formatted: Numbered + Level: 1 + Numbering Style: 1, 2, 3, ... + Start at: 1 + Alignment: Left + Aligned at: 0.25' + Indent at: 0.5" Formatted: Font: Garamond, 12 pt, Not Strikethrough Formatted: Font: Garamond, 12 pt JFormatted: Strikethrough Formatted: Font: Garamond, 12 pt .- - - Formatted: Indent: Left: 0.5, No bullets or numbering A welcoming community with revolutionary and spinted resourcefulness, exceptional service, and p R N E R E R R Y community engagement that encourages and inspires prosperity. INATUREI Scope of Service The successful consultant has the responsibility to prepare an original strategic plan containing goals, objectives, implementation plans, and metrics. They will also provide meeting facilitation services, supporting materials and research, and social media services during the public outreach process as necessary. The consultant shall provide professional services to support the following tasks: