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This document outlines the Economic Opportunity Plan required for Bid #2597 concerning the construction of green stormwater infrastructure in Revere Street. It details the commitments to provide opportunities for Minority Business Enterprises (MBEs), Woman Business Enterprises (WBEs), and Disabled Business Enterprises (DSBEs) in accordance with Chapter 17-1600 of The Philadelphia Code. The plan sets forth the requirements for participation ranges for M/W/DSBEs and establishes workforce...

How to fill out economic opportunity plan

How to fill out economic opportunity plan

1. Identify your goals: Outline the economic objectives you want to achieve.
2. Assess your current situation: Analyze the current economic status and resources available.
3. Research potential opportunities: Look for economic opportunities that align with your goals.
4. Create an action plan: Develop a step-by-step plan detailing how to pursue each identified opportunity.
5. Set measurable outcomes: Define clear and measurable outcomes to assess progress.
6. Engage stakeholders: Identify and involve key stakeholders who can support the plan.
7. Allocate resources: Determine the resources needed (financial, human, etc.) and allocate them accordingly.
8. Implement the plan: Put your action plan into motion.
9. Monitor and evaluate: Regularly review progress, making adjustments as necessary.
10. Report results: Document and share outcomes with stakeholders to maintain transparency and accountability.

Who needs economic opportunity plan?

1. Individuals seeking personal economic growth.
2. Small businesses looking to expand or improve profitability.
3. Non-profit organizations aiming to address community economic issues.
4. Government agencies focused on economic development initiatives.
5. Job training programs looking to assist participants in gaining sustainable employment.

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What is economic opportunity plan?

An economic opportunity plan is a strategic framework developed by organizations or businesses to identify and promote economic opportunities for underserved populations, ensuring equitable access to resources, services, and employment.

Who is required to file economic opportunity plan?

Typically, organizations or businesses that receive government funding or are subject to specific regulatory requirements are mandated to file an economic opportunity plan to demonstrate their commitment to creating economic opportunities for disadvantaged communities.

How to fill out economic opportunity plan?

Filling out an economic opportunity plan involves gathering relevant data, outlining strategic goals, detailing engagement practices with underserved communities, and specifying implementation steps. It usually requires input from various stakeholders and a review of the organization’s economic impact metrics.

What is the purpose of economic opportunity plan?

The purpose of an economic opportunity plan is to create a structured approach for identifying and leveraging economic opportunities aimed at promoting equity, reducing disparities, and fostering economic growth within disadvantaged communities.

What information must be reported on economic opportunity plan?

Key information that must be reported includes demographic analysis, community engagement strategies, specific economic opportunities being targeted, expected outcomes, and metrics for measuring success over time.