Regional Benchmarking Study Services

The government authority located in Newfoundland is seeking a consultant to provide regional benchmarking study services. This study will deliver objective, data-driven insights to inform investment attraction strategies, identify competitive advantages, and highlight areas requiring improvement. The agency requires the collection of both quantitative and qualitative data across all selected indicators to establish a comprehensive evidence base for the analysis. The project covers the development of a benchmarking framework to evaluate regional competitiveness across several specific categories. These categories include economic performance, workforce and talent availability, business costs such as labour, utilities, real estate, and taxes, as well as infrastructure and land readiness. Additionally, the framework must assess innovation and entrepreneurship, quality of life, investment attraction capacity, investor servicing, and the policy environment and incentives. Selection criteria for the study may include population size, economic structure, geographic characteristics, sector strengths, and investment attraction performance. Eligible bidders must be onshore organizations based in Canada. The agency requires the performance of the work to take place offsite. The authority is currently looking for proposals to determine the budget and has not disclosed specific key dates or further evaluation criteria in the initial request.