Frisco EDC 2030 Strategic Plan

The City of Frisco, Texas, on behalf of the Frisco Economic Development Corporation (FEDC), is issuing a Request for Proposal (RFP) to procure consulting services for the development of a comprehensive three-year economic development strategic plan. The consultant will collaborate with the FEDC Board of Directors and staff to establish strategic direction, measurable outcomes, and long-term positioning for the organization and the City of Frisco. The scope of work encompasses conducting a current position assessment that evaluates business retention and expansion effectiveness, analyzes economic impact metrics, performs labor shed analysis, assesses industry sector composition, reviews commercial real estate inventory, and benchmarks corporate innovation and venture capital initiatives. Additionally, the consultant must develop long-term vision and competitive positioning through scenario planning and establish a three-year strategic plan framework with actionable implementation roadmaps, clear performance indicators, industry targeting recommendations, and talent attraction strategies. Proposals must be submitted by April 7, 2026, at 2:00 PM Central Time via Microsoft Teams virtual bid opening or through the Bonfire procurement platform, with written questions due by March 31, 2026, at 4:00 PM Central Time. Evaluation will be based on agency capability and capacity (45 points), relevant and innovative portfolio experience in economic development strategic planning with data-driven approaches (45 points), and cost-effectiveness (10 points). The consultant must submit fee schedules with all expense estimates including travel costs, provide at least three client references from the economic development industry, and maintain firm pricing for a minimum of 90 days from the proposal closing date.

The RFP contains no specific set-aside designations or restrictions limiting participation based on disadvantaged enterprise status; however, the City of Frisco is exempt from federal and state taxes, and tax must not be included in proposal pricing. The contract is performable in Collin County, Texas, and is governed by Texas state law. The consultant must obtain professional liability insurance with a minimum of $1 million per occurrence and $2 million aggregate, along with statutory workers' compensation insurance. Payment terms are Net 30 unless otherwise specified, and the City of Frisco retains the right to terminate the contract upon 30 days written notice. No incumbent vendors, current contractors, or specific budget ranges are identified in the available documentation. The final contract award will require approval by the City of Frisco following evaluation by a committee that includes FEDC Board members, City of Frisco staff, and local stakeholders.