Alabama Procurement Portal #SRC0000037366

Alabama Economic Development Incentive and Model Review Consulting

The State of Alabama is seeking consulting support to assess economic development incentives and economic and fiscal impact models. - Government buyer: State of Alabama; the purchasing agency, sub-agency, and office are not identified. - Requested service: One unit of Economic Model Review (commodity code 91849, Finance and Economics Consulting). - Evaluate economic development incentives, including tax credits, payroll-based incentives, and other financial assistance, and assess their fiscal impacts and effectiveness. - Review or develop economic and fiscal impact models, including their assumptions, calculations, and data sources. - Apply expertise in state revenue forecasting, tax analysis, return-on-investment methods, and Microsoft Excel-based models. - Personnel qualifications: The contractor must identify a project manager and key personnel and document their qualifications, relevant state-government consulting experience, and availability. - OEMs and vendors: No OEMs, vendors, or specific commercial products are named; this is a professional-services requirement. - Notable requirements: The work calls for analysis of incentive effectiveness and fiscal effects, as well as review of the methods and inputs used in economic models.

Description

The solicitation seeks an Economic Model Review. The requested work involves evaluating economic development incentive programs and their fiscal impacts and effectiveness, and reviewing economic and fiscal impact models, including assumptions, calculations, and data sources. The criteria call for expertise in state revenue forecasting, tax analysis, return-on-investment methods, and Excel-based models, as well as prior consulting experience with state government agencies. Respondents are asked to identify a project manager and key personnel and document their relevant qualifications and availability.

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