HomeMy WebLinkAboutWORK ORDER - RFP - 7416 ECONOMIC IMPACT ANALYSIS & CLUSTER REPORT (2)IWOV141lVilY
WORK ORDER FORM
PURSUANT TO AN AGREEMENT BETWEEN
THE CITY OF FORT COLLINS
AND
TIP STRATEGIES
DATED: September 19, 2012
Work Order Number: 2
Purchase Order Number: 1, IZ�;Y D
Project Title: Benchmarking Study
Commencement Date: October 1, 2012
Completion Date: March 30, 2013
Maximum Fee: (time and reimbursable direct costs): $7,500
Project Description: Please refer to the attached scope of work consisting of two (2) pages.
Scope of Services: Please refer to the attached scope of work consisting of two (2) pages.
Professional agrees to perform the services
identified above and on the attached forms in
accordance with the terms and conditions
contained herein and in the Professional Services
Agreement between the parties. In the event of a
conflict between or ambiguity in the terms of the
Professional Services Agreement and this work
order (including the attached forms) the
Professional Services Agreement shall control.
The attached forms consisting of _ l_) pages
are hereby accepted and incorporated herein, by
this reference, and Notice to Proceed is hereby
given.
Professional �^ —
By:
Date:
Work Order #2
7416 Economic Impact Analysis & Cluster Report
Project Manager
By
City of Fort Collins
By:
James B. O'Neill II, CPPO, FNIGP
Director of Purchasing and Risk Management
(over $60,000.00)
Date:
Page 1 of 3
SCOPE OF SERVICES — WORK ORDER 2
1 Peer Community Identification
Professional willbegin by identifying relevant peer communities against whom Fort Collins may
compete for private sector investment. For the sake of continuity, the four benchmarks from the
strategic plan will be included in this analysis:
• Charlottesville, Virginia;
• Gainesville, Florida;
• Corvallis, Oregon; and
• Ann Arbor, Michigan.
These peers were chosen because they share common attributes with Fort Collins. Below is a
summary of these characteristics:
SUMMARY OF PEER CITY ATTRIBUTES
Fort Collins, CO
Ann Arbor, MI
Charlottesville, VA
Corvallis, OR
Gainesville, FL
I Population
_ _ 299,630
344,791
201,559 _. _
202,251
,264,275
University
Colorado State
University of
University of Virginia
Oregon State
University of
University (#128)
Michigan (#28)
(t85)
University
Florida (#58)
(#138_)_
Distance of Major Airport
_
7o mi to DIA
27 mi io DNd
_
78 mi to RIC
90 mi to PDX
80 mi to JAX
Scenic Appeal l Outdoor
V/
V/
V/
Recreation
(vulture Values Suelainabilily, Arts,
V/
V/
V/
V/
Quality,oi_Life
_
Actively Support Entrepreneurship
V/
,/
,/
v%
I Innovation
1 Family Friendly l Not a Retiree
V,
✓"
✓
Destination
Federal Labs or Research Centers
V/
V/
I/
V/
V/
Boutique Industries Microbrewedes Vineyards, Vineyards
Microbrewedes
In addition to the benchmarks selected for the strategic plan, additional cities with strong ties to
the city's major employers will also be included in the benchmarking exercise. The table below
is a brief scan of other cities that could be considered strategic benchmarks. Professional will
work with City staff to identify which cities in particular should be included in the benchmarking
exercise.
Work Order #2
7416 Economic Impact Analysis & Cluster Report Page 2 of 3
FORT COLLINS' SELECT MAJOR EMPLOYERS AND SHARED LOCATIONS
W
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Woodward dovemor (100012499 employees)
•
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•
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Hewlett Packard (500-999empoyees)
•
•
•
•
•
•
•
AvagoTechnologies (500-999employe@s)
e
•
•
AnheuserBusch (500-999employees)
•
•
Advanced Energy (250-499employees) • _ • • •
LSI Logic (100- 249 employees) • •
AMD(100-249emooyees) — _ • • • • •
' 2010 US Census, Total Population County for MSA. Corvallis includes Albany -Lebanon Micropolitan Area
' 2011 US News and World Report Rankings
2 Acquire and Analyze Incentives Policies and Measures of ROL
Once the peer communities are agreed upon, Professional will collect the relevant available
data through public sources, web research and phone interviews.
2.1 Incentives policy and framework. Where available, Professional will gather written
incentives policies that outline the community's decision -making process for the use of
incentives in economic development projects. If these are not available, Professional will
look outside the peer communities to find examples.
2.2 Economic development toolkit . For each peer benchmark, Professional will collect
information about local economic development tools including tax rebates, loans, special
districts, and other tools that promote economic development. Professional will also include
relevant state and federal programs that peer communities access to influence
development.
2.3 ROI measures. For each peer benchmark, at least one example of how ROI is measured
on incentives packages will be provided. If more than one sample deal or ROI policy is
available, additional examples will be included in the summary table. If there are different
ROI measures for retention/expansion, attraction, and relocation scenarios, an attempt will
be made to summarize the categories of ROI measures and describe each measure.
3 Key findings document and deliverables.
3.1 Summary table Professional will create a template to display incentives programs across
municipalities in a consistent manner so that the peer communities can be compared
directly with one another. Note: International benchmarks may not fit this framework exactly,
but an attempt will be made to draw parallels between programs of a similar nature. The
incentives framework table will be provided in the form of an excel document.
3.2 Presentation Findings will be summarized and highlighted in a Power Point presentation
Work Order #2
7416 Economic Impact Analysis & Cluster Report Page 3 of 3