Economic Development Strategic Plan

City of Savage

Buyer seeks assistance to develop a five-year economic development strategic plan. The project includes analyzing current economic conditions, identifying development opportunities, engaging stakeholders, and creating implementation strategies. Buyer requires recommendations on policy changes, funding priorities, and inclusive economic development approaches. The plan will guide the city's economic development efforts for the next five years.

• 6/23/2025 - RFP distributed
• 7/23/2025 - Proposal Due Date
• 8/5/2025 - Potential candidates notified
• 8/11/2025 - Candidate interviews
• 8/31/2025 - Candidate selection

• Facilitate visioning session with Council and staff to clarify economic development direction
• Conduct SWOT analysis of Savage's current economic environment
• Analyze demographic, workforce, housing, and income trends
• Identify geographic areas for targeted development and investment
• Compare with peer cities and recommend adaptable economic development tools
• Develop fiscal strategy and funding prioritization recommendations
• Create inclusive strategies for women-owned, veteran-owned, and BIPOC businesses
• Engage key stakeholders through workshops, focus groups, and online platforms
• Review and recommend policy changes to support strategic goals
• Conduct fiscal impact analysis for implementation costs