Specifications include, but are not limited to: Consistent with the priorities and goals of the Bangor City Council, the resulting Economic Development Strategy should be: Inclusive of all populations in Bangor including principles of environmental and social justice Resilient to market changes to support a resilient economic base for the community and region Resilient in terms of climate change and mitigation of impacts that affect climate Task Area 1: General Consulting Services Facilitate all stages of the economic development strategic planning process. Develop and prepare an existing economic and community demographic profile. Develop and prepare an economic development strategy and objectives with input from stakeholders and community. Chapters/sections should include: o Vision Statement o Mission Statement o Core Values o Strengths, Weakness, Opportunities, and Threats (SWOT) analysis o Long-Term Goals o Yearly Objectives o Action Plans/Implementation ‘Special Area’ analysis (airport, mall, downtown, Main Street entertainment corridor, Broadway, State Street corridor, and neighborhood businesses). Research and provide data on existing tax base, market study on business clusters, and housing availability. Review existing regional and state economic development strategies, programs, incentives, and related documents. Identify economic development priorities. Identify targeted industries for job creation and expansion. Identify opportunities to implement neighborhood revitalization initiatives. Identify potential opportunities to leverage City-owned properties. Develop an implementation plan as part of the economic development strategy. Ensure coordination and integration with other City plans and planning processes underway.
