City of Taft
Economic Development Services
and Retail Attraction Support
February 2026
Scope of Work – Task 1
• Preparation of INSIGHT Market Analytics package for Taft including two trade areas
• Undertake Leakage Analysis for Taft and preparation of Void Analysis of possible retailers for Taft
• Preparation of a Retail Performance Assessment for Taft including looking at vacancies and opportunities for new business uses Market Analytics, Leakage Analysis, Void Analysis, and Retail Performance Assessment Compensation for Task 1: $20,000
Scope of Work – Task 2
• Work with the City staff to create customized materials and marketing packets, as well as an evaluation of the City’s website presence for economic development. • Facilitate establishing meaningful relationships with retailer, developers, site selectors and real estate professionals to promote retail opportunities in Taft. • HdL utilizes a data base of more than 500 leading retailers, as well as Barry Foster having significant long-term relationships and a data base of with more than 1,500 people active in the retail development industry.
• Manage meetings and participate on behalf of Taft at a variety of key retail trade events including ICSC RECON-Las Vegas, ICSC Monterey, and ICSC Western Regional Conference in San Diego. Barry Foster has been a member of ICSC for 33 years.
Retail Recruitment Outreach Support Services
Compensation for Task 2: $25,000
(Not to exceed based on hourly rates)
Scope of Work – Total Compensation
Hourly Rates for HdL ECONSolutions services
Total Costs for Tasks 1 & 2: $45,000
(Not to exceed based on hourly rates)
Principal/Managing Director $250/hour
Senior Advisor $180/hour
Analyst $100/hour
Consultant’s Prior Experience & Qualifications
• The HdL ECONSolutions team has over 140 years of experience working in economic and community development.
• HdL has significant experience with retail attraction support services, along with providing a variety of economic development related consulting services.
• HdL ECONSolutions has done Retail Attraction Support Services for 32 California cities in the past 11 years.
HdL ECONSolutions is Driven by Results
HdL ECONSolutions has
helped facilitate 90
retail/restaurant
placements that generate
more than $5 million
annually in sales tax
revenue for our clients.
HdL ECONSolutions Retail Placements
Questions?
Taft City Council Meeting
February 17, 2026