Request For Proposals: Business Model Analysis

REQUEST FOR PROPOSALS (RFP)

Strategic Business Model Analysis for Baltimore Public Markets and Lexington Market

Issued: June 2, 2025

Proposals Due: Friday, June 20, 2025, at 12:00 PM ET

The Baltimore Public Markets Corporation (BPMC) is issuing this Request for Proposals (RFP) to engage a qualified advisory firm to assist in creating a transformative business model that will enable BPMC to operate sustainably, with minimal day-to-day reliance on public funding. The ideal partner will bring both analytical rigor and strategic vision to support this critical evolution.

BPMC operates five historic markets in Baltimore, including the newly redeveloped Lexington Market. We manage approximately 140 vendors, employ roughly 70 staff, and invest capital in long-term market infrastructure. The selected firm will help us design a future-facing, economically renewable model that is both mission-aligned and operationally sound.

Submission Requirements:

• Any questions must be submitted by 5:00 PM ET on Monday, June 9, 2025 to rfpquestions@baltimoremarkets.org. A Q&A summary will be shared with all parties who express intent to apply.

• A pre-proposal meeting will be held at 11:00 AM ET on June 10, 2025. All attending must register (see resistration button above)

• All proposals must be submitted by 5:00 PM ET on Friday, June 20, 2025:

Email: proposals@baltimoremarkets.org

Subject Line: RFP Submission – Strategic Business Model – [Firm Name]

Late submissions will not be reviewed.

Key Dates:

Milestone

RFP Issued

Deadline for Questions

Pre-proposal Conference

Proposals Due

Finalist Interviews (if applicable)

Contract Awarded

Project Kickoff

Final Deliverables and Board Presentation