Economist or Economic Consulting Firm RFP

Background
The Governor’s Office of Business and Economic Development (GO-Biz) is the State of California’s leader for job growth, economic development, and business assistance efforts. GO-Biz is seeking an economic consultant or consulting firm to provide expert economic analysis, data modeling, and policy evaluations to support data-driven decisions that enhance California’s economic competitiveness. This engagement aims to build a long-term partnership with a firm that aligns with GO-Biz's mission and approach to economic development.

Work Details
The consulting firm will be responsible for:
- conducting workforce and economic impact studies;
- assessing industry shifts;
- identifying challenges and opportunities;
- interpreting data for strategic policy guidance;
- developing interactive data visualization tools;
- providing strategic insights on key economic indicators;
- supporting GO-Biz leadership through briefings, reports, and presentations.

Specific tasks include:
- conducting in-depth labor market analyses;
- evaluating fiscal impacts of policies;
- performing sector-specific analyses;
- developing dashboards or data visualization tools;
- conducting fiscal assessments of proposed policies;
- creating concise executive summaries and presentation materials.

Period of Performance
The contract will run from May 15, 2025, through December 2026, with the potential for extension to June 2028 based on funding availability and performance.

Place of Performance
The services will be performed primarily in Sacramento, CA, at the offices of GO-Biz.

Bidder Requirements
Bidders must have a proven track record of working with government agencies or private-sector clients on economic research projects. The Principal Investigator or Project Manager must hold an advanced degree in economics (Ph.D. preferred). Bidders should demonstrate experience in labor data analysis and policy evaluations specific to California's economic landscape. Fluency in English is required. Additionally, bidders are encouraged to be certified small businesses or microbusinesses.