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City council extends economic development consulting services contract with Cosmont; presentation highlights market data and EIFD support
Summary
Council voted unanimously to continue a consulting contract with Cosmont Companies, citing quarterly market dashboards, industry contacts from the ICSC conference, and assistance on the city’s EIFD and other projects. Staff said the arrangement is billed up to $100,000 per year.
The City Council approved a contract extension with Cosmont Companies to continue economic development consulting services, the council said after a presentation and Q&A Tuesday.
Cosmont principals reviewed recent work including the city’s Economic Development Opportunity Plan (EDOP), attendance at the International Council of Shopping Centers (ICSC) conference, a quarterly market dashboard tracking demographics and foot‑traffic analytics, retail and industrial vacancy data, a hotel demand analysis and ongoing assistance on the Norwalk Enhanced Infrastructure Financing District (EIFD) effort. Ken Hera, president of Cosmont, told the council the firm had been…
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