Economic Development Strategy Study Service
Overview
Fit Score
Settle Intelligence
Settle helps teams find, evaluate, and respond to public RFPs. We continuously surface new opportunities, score them against your company strengths, and draft proposal responses so you can focus on the work that wins business.
SUMMARY
KEY REQUIREMENTS
BUDGET
EstimateCONTRACT DURATION
TIMELINE
Issue RFP: March 18th, 2026
RFP Submittal Deadline: April 18th, 2026
Review Submissions: April 19th, 2026 – May 4th, 2026
Invite for Presentation to Selection Team: May 4th, 2026 – May 19th, 2026
Contract execution: May 2026
Final presentation: Fall 2026
Issuing Agency
City of Provo
Organization overview and procurement intelligence available on paid plans.
DESCRIPTION
The selected vendor will conduct a comprehensive, defensible, and implementation-ready economic development strategy for the agency. The scope of work includes providing a thorough assessment of the agency’s economy through sector and sub-sector employment analysis, national benchmarking, spending flow and revenue leakage analysis, and export versus local-serving industry evaluation.
The vendor will develop a transparent industry scoring and ranking methodology that incorporates job quality, wage metrics, definitions of success, and growth benchmarks. Additional analysis will utilize qualitative data to assess industry strengths, weaknesses, growth factors, hindrances, capital investment, employment projections, and talent alignment. The strategy will translate priorities into actionable steps, including highest and best use analysis, development feasibility, pro forma testing, policy and regulatory recommendations, capital investment prioritization, and organizational capability considerations.
The project will also require modeling fiscal returns and costs for proposed strategies. This includes fiscal impact modeling by industry and development type, assessments of public investment versus anticipated tax yields, and cost-of-service analyses.
Source attribution
This Settle analysis is based on the issuing organization’s public RFP listing.