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Economic Development Outreach & Deal Sourcing Specialist

Active
State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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The Economic Development Outreach and Deal Sourcing Specialist subcontract focuses on developing and executing deal sourcing and stakeholder engagement strategies for prime contractors working on Illinois Department of Commerce and Economic Opportunity projects. The primary objective is to identify investment opportunities within growth sectors and recruit capital-disadvantaged businesses located in underserved communities. The selected provider must possess specialized knowledge of Illinois economic development growth sectors and utilize CRM software to maintain deal tracking and pipeline management. Based in Springfield, Illinois, the contractor is responsible for delivering comprehensive stakeholder engagement plans and detailed deal pipeline reports. This role falls under NAICS code 541613 and is managed through the Strategic Sourcing and Procurement agency for the state of Illinois.

General Info

Subcontract for Illinois economic development deal sourcing and stakeholder engagement in underserved communities.

Place of Performance

Springfield, IL, 62704, USA

Set-Aside

NONE

Documents

This scope was carved out of B-54021.

The full solicitation package (10 documents), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

27-420DCEO-STRTC-B-54021 | SSBCI INVENT Investment Advisor

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Timeline

Posted

subcontract

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Organization & Contact Information

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AgencyIllinois → Strategic Sourcing & Procurement
ContactsNo contacts available
OfficeN/A
Office AddressN/A
ContactsNo contact information available

Full Description

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Develops and executes deal sourcing and stakeholder engagement strategies for prime contractors on Illinois Department of Commerce & Economic Opportunity (DCEO) projects. Sources investment opportunities in growth sectors and recruits capital-disadvantaged businesses in underserved communities. Uses CRM software for deal tracking. Requires knowledge of Illinois economic development growth sectors. Delivers stakeholder engagement plans and deal pipeline reports.

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Same NAICS industry code

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Same awarding agency

NAICS: 523940
SLED
27-420DCEO-STRTC-B-54021 | SSBCI INVENT Investment Advisor
Solicitation # B-54021
The Illinois Department of Commerce and Economic Opportunity is seeking an Investment Advisor to provide consulting and advisory services for the Illinois Innovation Venture Fund (INVENT), a 114 million dollar direct equity venture capital program funded by the federal State Small Business Credit Initiative. The selected advisor will support the creation of a balanced portfolio for Illinois small businesses, increase access for capital disadvantaged and underserved communities, align investments with state economic growth sectors, and leverage private capital through partnerships. Key responsibilities include application intake management, investment due diligence, financial project analysis, the authoring of investment memos, and the development of marketing and outreach strategies. Eligible vendors must be venture and equity investment firms registered under the Investment Advisers Act of 1940 and maintain a minimum of 10 million dollars in assets under management. The contract features an initial term of four years, with a maximum total duration not to exceed ten years. Proposals are evaluated based on a technical scoring system of 500 points, which includes a 20 percent weighting for the Commitment to Diversity. Required submissions via the BidBuy portal include a technical response, vendor disclosure, and a commitment to diversity. Awarded vendors must maintain professional indemnity insurance and adhere to standard state payment terms of 30 days upon approval of a proper invoice.
Portfolio Management and Investment Advice

POSTED

about 1 month ago

DEADLINE

N/A
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