QEDC RFP: Bay of Quinte Region FDI Target Market Study & Organizational Strategic Plan | Ontario East

QEDC RFP: Bay of Quinte Region FDI Target Market Study & Organizational Strategic Plan

RFP Release Date: April 1st 2019

Proposal Submission Deadline: April 30th 2019

Background and Purpose of the RFP

Background

The Quinte Economic Development Commission (QEDC), an incorporated not-for-profit corporation, is dedicated to the promotion of economic growth in its member municipalities, specifically the City of Belleville, the Municipality of Brighton and the City of Quinte West.

The Mission of the QEDC is two-fold: 1) To encourage the growth and diversification of those industries and commercial businesses now established in the area; and 2) To market the Bay of Quinte Region in order to attract new sector-targeted firms to locate in the community.

The QEDC’s mandate is to focus on the manufacturing and technology sectors and is not responsible for tourism, primary agriculture development, retail, events, downtown revitalization etc. The QEDC is co- located with 6 other agencies in the Quinte Business Development Centre facility in the Pioneer building at Loyalist College. This one-stop-shop concept of business and economic development provides entrepreneurs and businesses with a user driven model of economic development where many of the main partners are co-located in one location. This model offers responsive and easy to access service for entrepreneurs, start-ups and existing businesses.

QEDC has a strong record of accomplishment of successful investment attraction projects as well as delivery of valuable retention and after care support initiatives for existing industry. US based Site Selection Magazine recognized the QEDC as one of Canada’s Top Ten Economic Development Agencies in 2008 and 2012, honorable mention in 2014 and also QEDC was part of the Ontario East Economic Development Commission team that was recognized in 2018.

Purpose of the RFP

Target Markets and Strategic Plan
2019 is a year to continue the momentum of growth in the Bay of Quinte region, leveraging the past efforts and successes of the QEDC and partners. While the QEDC continues with proven investment attraction and retention programs the staff, board and partners will also take the opportunity to re- evaluate its target sectors and update its strategic plan.

A new target market study and strategic plan will need to consider local factors such as: new industrial land developments, labour market skills and availability, the changing profile of the local manufacturing sector, disruptive technologies, and emerging sectors. As well, changing provincial, national and international factors need to be considered including: changes to global trade opportunities and world- wide supply chain linkages, increased global competition, currency exchange rate fluctuations, regulatory burden, energy costs, technological advances, and other factors that could influence the Bay of Quinte Region’s economic opportunities.

The new study would ensure that the QEDC focuses its efforts on the sectors that have the best opportunity for attraction and provide the greatest impact on the region. In addition, the strategic plan will provide guidance with specific recommendations and activities to ensure that QEDC resources are being directed towards the most effective business promotion and support activities resulting in the retention, growth and attraction investment and jobs in the region.

The new target market study and strategic plan will form the foundation for the QEDC’s annual work plan over the next five years.

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