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� EXHIBIT CI'T'Y OF NORTH OLMSTED � �— Mayor Nicole Dailey- Jones CITY of NORTH OLMSTED Econon lic Development Strategic Plan Request for Qualifications Response Due Date: Tuesday, IV. arch 31st, 2022 at 4:00 PM Purpose The purpose of this Request fa ('j..aAlcations (Ph. Q) is to obtain competitive proposals from qualified individuals or firms, to facilitate the development of an Economic Development Strategic Plan for the City of North Olmsted The Econom,- Development Strategic Plan will serve as a blueprint from which Economic Development Policy baccsiens wilt be made. The plan will be grounded in a real estate market demand analysts by asset Gass ,cffiec, industrial, retail ect) as well as a leakage surplus analysis for traditional retail goods and services As a land -locked community that Is over 90% built, the economic development plan will place ccnsihe,able emphasis on strategic site redevelopment and land assemblage opportunities. Background and Purpose In 2015, the City of North Olms Edis required by the Qty Charter. adopted the Go North Olmsted 2015 Master Pan " to guide the de( 5s ( n risking of City leader ship over the next decade. The plan set forward five core principles, one of whim, called for advancing prosperity. This plan priority was aimed at creating a "healthy economy build upon diverse, high quality jobs, which supports existing businesses and attracts new investment". The creation o- a "S:rategic Economic Development Plan" was Identified by the public and citizen steering committee as it uummUncy priority. It is the City's intention, through the scope of services contained within if req i43,t for qualifications that a plan be adopted to ensure that the City of North Olmsted remains a cot p�pmc 1 , I)PI mAy attracting quality jobs and investment for future generations to come The City of North Olmsted bcasts a strong retail economy with an avorage per capita retail sales of $36,361.8 which is nearly three I mss the national average (S'3 446)° and over three times that of Cuyahoga County ($11,914).'1)a median income of $64.236 is also above the County and national averages Vdhile the strength and rz=zitiency of the sector is welcome news, the pace at which retail sales "Somme PS tarsus Ian"in 0" ll.,._.in"1 curses quick In.rs hup, 1111,1111 .uv'r ei l I t .- chlc n rfh rlm.l,dcm hn l'ri I ilnl a ' Smucc US Tc-, 6urmr o I Di n nni,d ( ,I, i, I .... k r.wta haps 1'111.1 c n,rs�pveyui Kl..1 1, LIN, t > 111)00 I'I'. Sorucc. 11 ( -cr%us Iiurcau ) n Dcalruniul r cods quick fm:1a: hup;_'m,v,s n'u='qyi [, I.Imrhlt r rh,_gcoura hio cles I'n'rdJtYohiylS' lA ,1 la]14