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) Business and Investment Attraction Strategy (BIAS).
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 BIAS 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 effectiveness of implementation strategies by the City Council, City staff, and Business Resource Organizations.
Short-Term Local Business Recovery Action Plan (STLBRAP)
City of Richmond Staff have been working collaboratively with HR&A Advisors to draft the STLBRAP. HR&A Advisors have interviewed over a dozen local economic development organizations and small businesses to draft the STLBRAP. In addition, HR&A Advisors has attended Economic Development Commission (EDC) Meetings and have participated in workshop sessions with the EDC Policy Subcommittee and the EDC Community Engagement Subcommittee. During these meetings, commissioners were able to ask specific questions and provide input to HR&A Advisors. Richmond City Council presentation tentatively scheduled for June 1, 2021.
HR&A and CMO, Economic Development Division - Kick-off meeting
Tentative STLBRAP Richmond City Council Presentation
June 1, 2021 (tentative)
Richmond Short-Term Business Recovery Action Plan Community Forum
Richmond City Manager’s Office, Economic Development Division will host a meeting for Richmond businesses and residents to present the draft short-term local business recovery action plan. The City and HR&A Advisors are proactively identifying strategies to assist small businesses to survive and thrive through the pandemic. Strategies include assisting businesses in identifying available resources, providing near-term support to reduce closures, and capitalizing on emerging state or federal recovery programs. During this meeting, City staff will update participants on the effects of the COVID-19 pandemic on Richmond businesses and introduce proposed strategies to support businesses. Participants will have an opportunity to ask questions of the HR&A (Consultants who drafted the strategies) and City Staff and provide input and feedback.