RFI-Maryland In-State Investing Landscaping Consulting

The Maryland State Retirement Agency is issuing a Request for Information (RFI) to solicit services for conducting an economic landscape study and related consulting services to assess investment opportunities for a potential in-state institutional investing program for the Maryland State Retirement and Pension System. The study aims to evaluate the scope and scale of the State of Maryland's economy to identify potential areas of investment opportunity that are consistent with the goals, objectives, and fiduciary duties of the System. The selected firm will be required to evaluate the performance of existing in-state investments, analyze the potential economic impact of an in-state investing program, and provide recommendations for an in-state investing strategy. Responses to the RFI are due by October 4, 2024, and the Agency reserves the right to choose one or more firms or not to choose any firm.

The RFI encourages participation from Minority Business Enterprises (MBEs) and the utilization of socially and economically disadvantaged individuals. The Agency does not provide any details on incumbent vendors, current contractors, or budget ranges, but the RFI suggests that the System is interested in exploring opportunities to invest within the State of Maryland to support the local economy while fulfilling its fiduciary duties.