The City of Richmond solicited professional services to complete the City of Richmond's Economic Development Action Plan (EDAP), which consists of two elements:
1) Short-Term Local Business Recovery Action Plan (STLBRAP); and
2) Richmond Business and Investment Attraction Strategy (RBIAS).
The STLBRAP shall summarize the effects of the COVID-19 pandemic on local businesses and describe short-term actionable strategies for the City to support local businesses. It shall cover a term of approximately twelve (12) to eighteen (18) months.
The RBIAS shall include actionable, time-bound strategies to attract business investment to the City of Richmond and ensure the City’s resilience in the face of the COVID-19 pandemic. It shall also identify strengths and gaps of current strategies to increase the effectiveness of implementation strategies by the City Council, City staff, and Business Resource Organizations.
City Council Approval
During the October 6, 2020, Richmond City Council Meeting, City Council approved a contract with HR&A Advisors to complete both elements of Richmond's Economic Development Action Plan.