City of Compton

Buyer is seeking qualified firms to develop a four-year Economic Development Strategy, which will be the City's first-ever such plan. The strategy must include a detailed implementation plan to guide the City Council, staff, stakeholders, businesses, and the public. The plan must align with the City's General Plan Update and Economic Development Element and include sufficient stakeholder outreach. The final deliverable should be visually engaging with supporting materials to facilitate plan implementation.

• 4/10/2025 - RFP Opening Date
• 5/1/2025 - Original Submission Deadline
• 5/15/2025 - Extended Submission Deadline
• 5/15/2025 - Proposal Due Date

• Develop a comprehensive four-year Economic Development Strategy
• Conduct psychographic study of visitors, shoppers, and diners
• Prepare market and industry cluster analysis with target business list
• Analyze administrative capacity to execute economic development programs
• Conduct SWOT analysis and competitive assessment
• Facilitate minimum three in-person public meetings/workshops
• Develop vision statement based on community input
• Create easy-to-understand visual action plan with implementation timeline
• Identify geographic focus areas for investment
• Provide assessment metrics to measure implementation success
• Present findings to City Council and Executive Leadership
• Draft a visually appealing strategy document with infographics
• Identify top tax revenue generating businesses
• Compare Compton to two competitor cities
• Develop business attraction and retention strategies
• Create marketing and promotion plan for business corridors
• Address workforce development needs and opportunities
• Outline innovation and entrepreneurship strategies
• Develop strategies for visitor attraction
• Analyze local economic clusters for development potential