Village of Lake Villa

The buyer is seeking proposals from qualified individuals and consulting firms to provide economic development related services. The services include retail market gap analysis and development of recruitment strategies to attract, recruit, and retain regional and local businesses. The buyer aims to supplement full-time staff on an as-needed basis for economic development-related services. The selected firm will be responsible for business recruitment, retention, and support, as well as assisting with special projects and redevelopment support.

• 7/11/2024 - Deadline for Submission of Questions
• 7/15/2024 - Village Response to Questions
• 7/25/2024 - Proposal Due Date
• 8/6/2024 - Firm Interviews
• 8/19/2024 - Village Board Approval (Contract Award)

• Conduct retail market gap analysis
• Develop recruitment strategy for regional and local businesses
• Perform business recruitment through personal contacts and real estate brokers
• Coordinate business retention outreach program
• Assist in promoting economic incentive programs
• Support redevelopment projects and commercial development projects
• Create promotional and marketing materials for the community
• Provide economic development-related services on an as-needed basis
• Analyze relevant market trade areas and existing gaps
• Identify target opportunity sites in the Lake Villa market