business plan partnership proposal

How to Create a Partnership Proposal [With Free Template]

When embarking on a business partnership, expect challenges. Partners have different personalities, working styles, daily schedules, and initial investments. You need to juggle working together (possibly for the first time) while addressing market needs and differentiating yourself from competitors.

A partnership proposal can help make those challenges a little less daunting by clarifying the details of your collaboration before you even launch your business. It can get everyone on the same page, reducing the risks of detrimental disagreements later on.

But drafting such a proposal is no small task.

To help you on your journey, we’ve got step-by-step instructions and a helpful partnership proposal template .

What’s in this guide :

Why you need a business partnership proposal

How to create a proposal for a business partnership, partnership proposal template & software.

Research shows that 70% of business partnerships fail—and (here’s the good news) a clear agreement is one of the best ways to improve your odds of success.

Oftentimes, partners will equally share the burden of losses and the gift of gains. But your share should reflect what you put into the business, both in terms of time and money. So if one partner will be giving more, they should also get more out of it. By accurately calculating equity, salaries, and profit draws in advance, you can be sure that each partner is getting their fair share according to their initial investment and ongoing role in the company.

A partnership proposal with clear terms can help settle any financial or legal matters that may arise later. But on a more positive note, it will also improve the quality of your collaboration. When all the terms are laid on the table up front (and no one is guessing or assuming), communication between partners will begin with a much stronger foundation—paving the way for a more profitable relationship.

Creating a proposal for your business partnership is complicated, but fortunately, you don’t have to go it alone. Follow these simple steps to cover all of your bases.

Step 1. Research what your proposal should include

The first step is to research what you need to include in your proposal, such as the share of profit and loss, the managing duties of each partner, and what should happen in the event of the death of a partner. This is a critical legal document so you need to get it right..

You don’t have to get it perfect the first time, as the terms will likely require negotiation. But covering all of the necessary information will demonstrate your attention to detail and ensure that the preceding negotiations are thorough.

Make sure to research requirements that are unique to your partnership type , which usually falls into one of these 3 categories:

General partnership - Shared day-to-day operations and liability for debts and owners.

Limited partnership - One or more partner doesn’t participate in day-to-day operations and is not liable for debts or lawsuits (but receives profits). This is typically used for inactive investors.

Limited liability partnership - Liability protection is extended to all partners so that no one is responsible for the actions of another partner. This is typically used for professionals operating out of shared office space, such as accountants, financial advisors, or plastic surgeons.

Because the taxation structure will affect the way that earnings are distributed and reported, you should also research details specific for your province or state of incorporation as well as your entity type (limited liability corporation, c-corp, etc.).

Brainstorm more information to include based on your unique business and what each partner brings to the table. For instance, if one partner is joining the partnership with a large social media following of ideal customers, you might want to outline how that social media account is expected to be used and what content will not be permitted on that account once the partnership begins.

If you use a partnership proposal template, you’ll save a lot of time on both research and writing. Preview our template here.

Make sure to consult with a business lawyer to get their take on the necessary terms.

Step 2. Outline your proposal

Now that you have your checklist for what to include in your proposal, it’s time to start organizing all of that information into a cohesive outline. A proposal template will save you time here. Start off with the template and then include additional terms that matter to your business.

We suggest this outline for your partnership proposal:

Name and Business - Basic business details like business name and address.

Term - When the agreement begins.

Capital - How partnership capital will be maintained.

Profit and Loss - How profits and losses will be shared and credited.

Salaries and Drawings - How salaries and profit draws will be managed.

Interest - Whether or not initial investments will receive guaranteed interest payments.

Management Duties and Restrictions - How management duties will be split, and what tasks can’t be undertaken without agreement from all partners.

Banking - What chequing account(s) will be used.

Books - How bookkeeping will be managed.

Voluntary Termination - How the partnership can be voluntarily dissolved, and how assets will be distributed if this occurs.

Death - What will happen in the event of the death of a partner.

Arbitration - Basic statement on arbitration for the agreement and the legal association that will be used.

You might be wondering if you need to add a cover letter to your outline. If you don’t need to convince anyone to join the founding team, you probably don’t need a cover letter. But if you’re trying to win over a partner, then check out this guide to writing a cover letter and add your letter to the very beginning of your proposal.

Step 3. Write the proposal sections

Time to write.

A partnership proposal has a very different style than most other business proposals , which are typically sent to prospective clients in order to win deals. For those proposals, you’re trying to sell . But with a partnership proposal, you’re trying to clarify . The prospective partner needs to know what they’re signing off on in order to give you a yes. What’s expected of them? What percentage of equity will they receive?

Because the goal is different, the writing style should be different too. Write using clear, simple, and legally accurate language for the majority of the proposal. By keeping the language of the proposal straightforward , you’ll eliminate any confusion and potential for disagreements later.

Take this text from our partnership agreement template as an example of the writing style you should aim for:

A separate capital account shall be maintained for each partner. Neither partner shall withdraw any part of his/her capital account. Upon the demand of either partner, the capital accounts of the partners shall be maintained at all times in the proportions in which the partners share in the profits and losses of the partnership.

If you need to create content to convince on-the-fence partners, you can do so with your cover letter, business plan, or presentation slides that will go along with the proposal. You might cover the addressable market, your competitive advantage, pricing model, etc.

Step 4. Add e-signatures

The next step is to add e-signatures to your proposal. This will turn the proposal into a binding agreement, so that once signed by all partners, the partnership can begin with clear terms.

You should add the e-signatures to the final page of the proposal.

Make sure that the e-signature software you use is legally binding .

Step 5. Review, sign, and send it

And lastly, it’s time to make sure your proposal is perfect. Review all of the terms and make sure you’ve covered everything in your checklist.

If you can afford it, have a business lawyer review your agreement before you sign and send it. This should be cheaper than having them draft an agreement from scratch (and can save you a lot of money and stress in the long run).

When you’re ready, sign the proposal yourself and then send it for signature to your partners.

You should not open up any bank accounts, file articles of incorporation, take out loans, or conduct any other activity with financial implications until the proposal is signed by all partners. If you do, a partner could later argue that they’re not liable. Instead, use the time before the proposal is signed to work on your business plan and research your addressable market.

Proposify makes it easy to create beautiful proposals for both internal and external use. We offer 75 unique proposal templates that show you exactly what to include and help you draft your proposals quickly.

You can also design your own proposal templates, save content snippets, and track stats on proposal views and closed deals.

How to Write a Business Proposal [Steps, Tips, & Templates]

September 30, 2022

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How to Write a Business Partnership Proposal {Template Included}

A business partnership proposal serves as the first impression of your business philosophy, your understanding of the partnership’s potential, and your vision for mutual growth. It’s not just about presenting what your business can offer, but also about showing that you understand and respect the needs and goals of your potential partner. A well-written proposal can be the key to unlocking fruitful collaborations, opening doors to shared resources, expertise, and markets, thus paving the way for substantial business growth and success.

This article is designed as a comprehensive guide to help you create an impactful business partnership proposal. Ready to write a business partnership proposal? Let’s get started.

Understanding Your Audience

Identifying Potential Partners

The first step in writing a business partnership proposal is to identify the right potential partners. This process involves more than just finding businesses that align with your industry or market. It’s about seeking out companies or individuals who share similar values, goals, and visions. Look for partners who complement your business’s strengths and can help mitigate its weaknesses. This might mean a partner with a strong presence in a market you’re trying to enter or one with access to resources that can help scale your business. Identifying the right partner is crucial as it sets the tone for the entire proposal and the potential partnership.

When identifying potential partners, consider:

– Industry Relevance: Partners in the same or complementary industries are more likely to understand and value your proposal.

– Market Position: Consider how a partner’s market position could benefit your business. For instance, a partnership with a well-established player can offer credibility, while teaming up with an innovative newcomer can provide fresh perspectives.

– Cultural Fit: Aligning with a partner who shares similar business ethics and corporate culture can lead to a smoother collaboration.

– Long-Term Potential: Look for partners who are not just beneficial for a one-time project but could lead to long-term collaboration.

Researching Their Needs and Interests

After identifying potential partners, the next step is to research their specific needs and interests. This research is important as it helps tailor your proposal to address the specific challenges or opportunities your potential partner is facing. By demonstrating that you understand and can provide solutions to their needs, your proposal will be more persuasive and relevant.

To effectively research their needs and interests:

– Review Their Business Model: Understand how they operate, their revenue streams, and their customer base. This helps in aligning your proposal with their business strategy.

– Analyze Their Market Position: Look at their market share, competitors, and industry trends. This insight can help you position your partnership as a solution to specific market challenges they might be facing.

– Understand Their Goals: Whether it’s expansion, diversification, or sustainability, knowing what your potential partner aims to achieve can help you tailor your proposal to align with these goals.

– Use Social Media and Publications: Review their social media platforms, press releases, and industry publications for recent announcements, challenges they’re addressing, or initiatives they’re undertaking. This can provide clues to their current focus and future plans.

– Networking and Direct Communication: Sometimes, the best information comes from direct interaction. Attend industry events, engage in networking opportunities, or even reach out directly to understand their vision and objectives better.

Key Components of a Business Partnership Proposal

Executive Summary 

The executive summary is the cornerstone of your business partnership proposal. It should provide a concise, compelling overview of what the proposal entails and why it’s beneficial for both parties. This section is often the first (and sometimes the only) part read by decision-makers, so it needs to be clear, engaging, and persuasive. Highlight the key aspects of the partnership, including the goals, the value proposition, and the main benefits for both parties. The executive summary should be a standalone document that encapsulates the essence of the proposal, compelling the reader to delve deeper into the details.

Business Objectives

This section should outline the specific objectives you hope to achieve through the partnership. Clear, measurable, and realistic goals show a potential partner that you have a well-thought-out plan for the partnership’s success. These objectives could range from expanding into new markets, leveraging each other’s customer base, to combining resources for a new venture. Be specific about what success looks like and how it will be measured. This clarity will help align both parties’ expectations and form the basis for a productive relationship.

Value Proposition

Your value proposition is arguably the most crucial part of the proposal. This is where you articulate the unique benefits that your company brings to the table and why this partnership is advantageous for your potential partner. It should clearly demonstrate how the partnership will create added value for both parties, whether through increased revenue, market expansion, enhanced capabilities, or other strategic advantages. A strong value proposition is tailored to your potential partner’s needs and goals, showing that you have done your homework and understand what they are looking for in a partnership.

Partnership Details

In this section, delve into the specifics of how the partnership will work. Outline the roles and responsibilities of each party, the governance structure of the partnership, and how decisions will be made. Include details about resource allocation, timelines, and project management. If there are any specific projects or initiatives that will kick off the partnership, describe them in detail here. Providing a clear and detailed plan shows that you are serious about the partnership and have considered how to make it successful.

Financial Projections

Financial projections are essential in any business proposal . This section should provide an analysis of the expected financial outcomes of the partnership. Include revenue forecasts, cost analysis, and any investments required from both parties. If possible, use data and analytics to back up your projections. Be realistic and conservative in your estimates. Providing a clear financial picture helps both parties understand the economic implications of the partnership and aids in decision-making.

Legal and Ethical Considerations

In this part of the proposal, address any legal and ethical considerations relevant to the partnership. This might include compliance with industry regulations, intellectual property rights, confidentiality agreements, and any other legal obligations. It’s also important to discuss how ethical considerations will be handled, reflecting a commitment to corporate social responsibility. Addressing these issues upfront builds trust and shows that you are committed to maintaining a professional and ethical business relationship.

Each of these components plays a crucial role in developing a comprehensive and convincing business partnership proposal. They collectively demonstrate your understanding of what it takes to build a successful partnership, reflecting both strategic foresight and attention to detail.

Writing the Business Partnership Proposal

Starting with a Strong Introduction 

The introduction of your proposal is where you make your first impression. It sets the tone for the rest of the document and should immediately capture the interest of the reader. A strong introduction goes beyond a simple greeting or a statement of purpose; it should hook the reader by presenting the idea of the partnership, its relevance, and why it matters. This section should echo the excitement and potential you see in the partnership, making it clear why the reader should be interested in what you have to say. Consider starting with a compelling fact, a brief story, or a poignant question that relates directly to the potential partner’s needs or challenges, thus creating a direct connection from the outset.

Clear and Concise Language

The effectiveness of your proposal largely depends on how easily it can be read and understood. Use clear, concise language to ensure your message is conveyed effectively. Avoid jargon and technical terms that might not be familiar to all readers, unless they are industry-standard and necessary. Your aim should be to make the proposal as accessible as possible, so it speaks to decision-makers at all levels. Short, to-the-point sentences are often more powerful than lengthy, complex ones. Remember, clarity and brevity do not mean oversimplifying your ideas; rather, it’s about presenting them in a manner that is easy to grasp and remember.

Personalizing the Proposal

Personalization can significantly increase the impact of your proposal. This involves tailoring the content to directly address the specific needs, interests, and circumstances of the potential partner. Refer to their recent achievements, current projects, or particular challenges they are facing. This shows that you have taken the time to understand them and have thought deeply about how the partnership can be beneficial. Personalization can be achieved through the language you use, the examples you cite, and the specific benefits you highlight. By making the proposal as relevant as possible to the potential partner, you increase the likelihood of engaging their interest and winning their buy-in.

Check out this partnership proposal template from Prospero:  https://goprospero.com/proposal/partnership-proposal-template/

Business Partnership Proposal Design and Presentation

Importance of a Professional Look

The design and overall presentation of your business partnership proposal can significantly influence its reception. A professional look not only reflects the seriousness and professionalism of your intent but also helps in making the document more readable and engaging. Attention to detail in the layout, font choice, color scheme, and formatting can make a substantial difference. It’s crucial that the proposal looks organized and aesthetically pleasing. 

A well-designed proposal indicates that you have invested time and effort into its preparation, which can leave a lasting impression on the potential partner. This professionalism in presentation extends to ensuring that the document is free of errors, with consistent formatting throughout, further reflecting the quality and reliability of your business.

Using Visuals and Branding

Incorporating visuals and branding elements into your proposal can greatly enhance its impact. Visuals, such as charts, graphs, and images, can help to break up text, making the proposal more engaging and easier to digest. They can also be used effectively to illustrate points, showcase data, or convey complex information in a more accessible way. Branding elements, like your company’s logo and color scheme, help in reinforcing your identity and create a sense of familiarity, especially if the potential partner is already aware of your brand. 

However, it’s important to use visuals judiciously. Every image or graph included should serve a clear purpose, such as emphasizing a point or explaining a concept more clearly. The key is to strike a balance – the proposal should be visually appealing and branded, but not so heavily designed that it distracts from the core message.

Business Partnership Proposal Follow-Up Strategies

Post-Submission Follow-Up

Once your proposal has been submitted, the follow-up process plays a crucial role in showing your continued interest and commitment. It’s important to plan and execute a follow-up strategy that is persistent yet respectful. Initially, a simple thank-you message acknowledging their time and consideration in reviewing your proposal can set a positive tone. Afterwards, it’s advisable to wait a reasonable period before following up again, typically a week or two, depending on the nature of the proposal and the urgency of the partnership.

During follow-up communications, it’s important to:

– Reiterate Key Points: Briefly remind them of the most compelling aspects of your proposal.

– Be Open to Discussion: Indicate your willingness to discuss any aspects of the proposal in more details if needed.

-Show Flexibility: Express your readiness to modify aspects of the proposal to better align with their needs or concerns.

Follow-up can be conducted through various channels such as email, phone calls, or even in-person meetings, depending on the level of relationship you have with the potential partner and the formality of the situation.

In conclusion, a business partnership proposal is a strategic document that requires careful thought, detailed planning, and a tailored approach. By following these guidelines, you can create a proposal that lays the foundation for a mutually beneficial business relationship. 

Even though this might seem like a lot to handle, remember you don’t have to do it all by yourself. A good place to start is to use a template and a proposal tool like Prospero can really help. Prospero offers different templates and helpful features that can make writing your next proposal a lot easier and better!

Sign up for Prospero today

ABOUT THE AUTHOR

Damilola Oyetunji

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How to Write a Killer Partnership Proposal

Benjamin reimann, business proposals, business partnership proposal | business proposals | partnership proposal, august 11, 2021.

You know you need a partnership proposal to formally engage your prospective partner, but where do you start?

Everyone loves a good partnership: the Wright brothers, Larry Page and Sergey Brin, Bonnie and Clyde—okay, maybe not that last pair. The fact remains: a business partnership can be a catalyst for tremendous growth in your company. 

But before you kick off a joint venture with your potential business partner, it’s essential that you first present them with a partnership proposal. Failing to do so can come across as lazy and unprofessional—but you don’t have to worry about that.

In this post, we’re going to delve into what a partnership proposal is, when you need one, and how to write one that can’t be turned down!

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What is a partnership proposal?

A business partnership proposal is a long-form document or letter that describes the viability of a partnership between you and a potential business partner. It is addressed to the individual or company and indicates your interest in pursuing a joint venture. You can think of it as an invitation to collaborate and do business together.

When do you need a partnership proposal?

You’ll need a business partnership proposal in several different situations.

• You’re expanding into a new market, and you need this partner’s domain expertise and market access. Whether you’re developing new distribution channels or simply beta testing a new product line, one thing remains constant: an industry veteran’s input can be invaluable. Tapping into an experienced partner’s knowledge and resources can open doors for your business that you didn’t even know existed.
• You’re scaling your business, and you need more significant investments. Your network is your net worth, and when you onboard a new business partner, that web expands exponentially. With you and your potential partner both leveraging your connections and credibility to raise capital, you have a better chance of obtaining the investments you need to take your business to the next level.
• Your business is growing, and you need to build out the leadership team. Every business owner knows that entrepreneurship is a rocky road—and maps are hard to find. As you scale and grow your business, you’ll encounter challenges well beyond your purview. In many cases, it’s more beneficial in the long run to join forces with an experienced partner: when your strengths and weaknesses complement each other, you’ll see the business results for yourself.

These also work in reverse! If you know someone whose business is expanding and you have the industry expertise to help, you should consider fleshing out a proposal. 

There’s a common denominator in all of these cases: if you’ve been in serious talks to join forces with a potential partner, you need to formalize it with a business partnership proposal.

What should you include in your partnership proposal?

Like any great piece of writing, a business proposal should tell a story. To that end, proposals for all new business partnerships should include the following components:

• The hook, or an overview of key benefits to both parties

The problem/benefit

Highlight shared values, clear goals and expected outcomes.

Let’s dive deeper into all of these sections:

The hook—an overview of key mutual benefits

Hooks are supposed to grab the reader’s attention and elicit curiosity, so provide details on your work experience and business accomplishments. But don’t make it all about you—to engage the potential partner, you need to highlight what’s in it for them . Whether it’s a broader customer base, new distribution channels, or brand synergy, it’s crucial that you allude to the mutual benefits of a new business partnership.

After hooking your reader, you need to tell them the story of your new business partnership:

• The problem. Very few people write partnership proposals just for fun. If you’re a business reaching out to potential partners, you likely have a problem that they can help solve (or vice versa). Expansion, tapping into new markets, raising more money—whatever it may be, elaborate on the issue and describe how they can help. Bonus points if it’s a problem both businesses are facing!
• The benefits. Paint a picture for your potential partners: what kinds of improved outcomes could they expect to see through this joint venture? How do your resources align with their business objectives? Also, make a point to detail the kinds of benefits you expect on your end—partnerships are a two-way street.

Pro-tip for this section: use numbers. Charts, statistics, and graphs will all add to the professionalism and weight of your business proposal, and ground your ideas in reality.

You must explain how the brands and cultures of the businesses align. Creating a shared context and common ground is how you bridge the gap between your operations. Failure to do this is one of the biggest reasons that around 70% of business partnerships fail. As always, honesty is the best policy—it can save you a massive headache in the future.

For example, let’s say your company prioritizes highly personalized service for all of your customers. Your potential partner prioritizes seamless and rapid delivery. 

Since you value in-depth customer service and they value quick turnaround times, there may be conflicts in your future. Alternatively, if the prospective partner emphasizes their ability to overdeliver on every order, your values are better aligned.

Your business partnership proposal should lay out a concrete plan for moving forward, where you indicate the specific objectives and outcomes you’re seeking. This can take many forms:

• A timeline. Establishing dates and timeframes for your joint venture illustrates a level of preparation and commitment your professional partners will appreciate.
• Milestones. If you cannot produce a strict timeline, opt for a set of milestones you’d like to achieve together.
• KPIs and OKRs. Highlighting your objectives and the key results you’ll measure them against will contextualize the partnership in real business terms.

Include things like expected ROI, the proposed division of tasks, and protocols for handling conflicts or dissolving the partnership if needed. By incorporating this section, you can ensure that all parties are on the same page.

Final Tips On How To Write a Partnership Proposal

Writing a partnership proposal may seem daunting at first—but by including the key components we’ve covered, you’ll have no need to worry. Here are some final tips for constructing your business proposal:

• Approach the primary decision-makers . Going through other employees could cost you valuable time, so save some by talking to the decision-makers.
• Do your research . Studying the company’s history, values, and performance over time will help you learn more about it. Tailor your partnership proposal accordingly. Furthermore, this shows the other company how serious you are about the partnership.
• Keep it succinct. Of course, don’t skimp out on the most crucial details, but you know how important time can be as a business owner. Limiting your business partnership proposal to the essentials shows respect for the partnering company’s time.

To take your business to the next step, get in touch with Pure Proposals today and find out how easy it is to utilise Proposal Software to create your own unique Partnership Proposal!

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Business Partnership Proposal Template

Establish successful partnerships with our Business Partnership Proposal Template – outline the mutual benefits and shared objectives of collaborating with potential partners.

About this template

Captivate potential partners and navigate through complex partnership proposal cycles with our user-friendly Business Partnership Proposal Template. It ensures a smooth proposal journey, assisting your team in establishing successful partnerships and expanding your network.

What's included?

• Executive summary
• The opportunity
• Our joint objectives
• 12-month goals
• What success looks like
• About the company

About the author

Brendan Connaughton | Head of Growth Marketing

Brendan heads up growth marketing and demand generation at Qwilr, overseeing performance marketing, SEO, and lifecycle initiatives. Brendan has been instrumental in developing go-to-market functions for a number of high-growth startups and challenger brands.

What is a Business Partnership Proposal?

A business partnership proposal is a formal document that outlines the details of a potential collaboration between two or more companies. It serves as a comprehensive overview of the proposed partnership, including the objectives, benefits, and terms of the agreement. By presenting a well-crafted business partnership proposal, you can demonstrate your understanding of the potential partner's needs, position your company as the ideal choice, and showcase your expertise in the field.

When should you use a Business Partnership Proposal?

Here are some situations where a Business Partnership Proposal Template can be used:

New partnership opportunities : Use the proposal to approach potential partners and propose a mutually beneficial collaboration. Introduce your business and highlight its key strengths, such as expertise, resources, and market positioning. Demonstrate how a partnership can create value by leveraging each other's strengths and accessing new markets, technologies, or customer segments. Present the specific benefits and advantages that the partnership can offer, such as increased market reach, cost efficiencies, shared resources, or enhanced product/service offerings. Existing business relationships : If you have an existing relationship with another business and believe that a formal partnership could further strengthen your collaboration, use the proposal to outline the details. Discuss the positive outcomes and successes of your previous collaborations and identify areas where a formal partnership can bring added value. Highlight how the partnership can result in improved coordination, expanded joint marketing efforts, shared research and development, or streamlined operations. Project-specific partnerships : In some cases, you may want to propose a partnership for a specific project or initiative. Outline the project's objectives, scope, and potential benefits for both parties. Explain how the partnership can leverage each other's expertise, resources, or market presence to achieve project success. Clarify the roles, responsibilities, and contributions of each partner, as well as the expected timeline and deliverables. Emphasize the shared goals and the value that can be created by working together.

What are the benefits of using Qwilr's Business Partnership Proposal Template?

Streamline your proposal process : With Qwilr's Business Partnership Proposal Template, you can save time and effort by using a pre-designed template that is tailored specifically for business partnership proposals. No need to start from scratch or waste hours formatting your proposal - simply customize the template to fit your needs and you're ready to go. Ensure professionalism : Templates ensure professionalism. By using Qwilr's Business Partnership Proposal Template, you can present a polished and professional proposal to potential partners. Impress them with a visually appealing layout, clear and concise content, and interactive elements that showcase your brand's expertise and capabilities. Increase efficiency : Qwilr's Business Partnership Proposal Template allows you to streamline your proposal process, making it easier and faster to create and send out proposals. With a template, you can easily customize and update your proposal as needed, saving you valuable time and effort. Enhance collaboration : Qwilr's Business Partnership Proposal Template is designed to facilitate collaboration between team members. With features like real-time editing, commenting, and version control, you can easily work together with your team to create a winning proposal. Say goodbye to endless email chains and confusion - Qwilr keeps everything organized and accessible in one place. Whether you're a small business looking to scale or a seasoned corporation seeking new partnerships, Qwilr's Business Partnership Proposal Template is the perfect tool to help you create professional, efficient, and collaborative proposals that impress potential partners and drive business growth.

How do you use Qwilr's Business Partnership Proposal Template?

To use Qwilr's Business Partnership Proposal Template, simply follow these steps: 1. Start by clicking "Use template" to create a copy of the template for your own use. 2. Customize the template to fit your specific business partnership proposal. Add your company's logo, colors, and branding elements to make it uniquely yours. 3. Begin by introducing your company and the purpose of the partnership proposal. Clearly outline the benefits and value that your partnership can bring to the reader's business. 4. Use the template's sections to provide a comprehensive overview of your proposed partnership. Highlight key features, services, and deliverables that will help the reader achieve their business goals. 5. Showcase your understanding of the reader's specific industry and challenges. Tailor your proposal to address their unique needs and pain points, demonstrating that you have a deep understanding of their business. 6. Use case studies or testimonials to showcase your expertise and track record of success in similar partnerships. This will help establish your business as the right choice compared to other potential partners they may be considering. 7. Clearly outline the terms and conditions of the partnership, including timelines, pricing, and any other relevant details. Make it easy for the reader to understand and accept your proposal. 8. End the proposal with a strong call-to-action, encouraging the reader to take the next steps in the partnership process. Provide clear contact information and offer to answer any questions they may have. By using Qwilr's Business Partnership Proposal Template, you can create a professional and persuasive proposal that will impress potential partners and increase your chances of securing successful partnerships.

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Frequently asked questions

What should be included in a business partnership proposal.

To create a comprehensive Business Partnership Proposal, include the following key elements:

• Introduction: Clearly state the purpose and goals of the partnership.
• Background: Provide background information about your company and the potential partner.
• Objectives: Outline the specific objectives and benefits of the partnership.
• Scope of Partnership: Define the scope of the partnership, including roles, responsibilities, and deliverables.
• Timeline: Present a detailed timeline for the partnership, including key milestones and deadlines.
• Budget: Include a breakdown of the financial aspects, such as investment requirements and revenue sharing.
• Marketing and Promotion: Describe the marketing and promotional activities that will be undertaken to support the partnership.
• Evaluation and Measurement: Explain how the success of the partnership will be measured and evaluated.
• Terms and Conditions: Clearly state the terms and conditions of the partnership, including legal and contractual aspects.
• Contact Information: Provide contact details for further inquiries or discussions.

Crafting a well-structured and comprehensive Business Partnership Proposal will demonstrate your understanding of the potential partner's needs, establish your expertise, and position your company as the ideal choice for the partnership.

What are the best practices for a business partnership proposal?

Best practices for a Business Partnership Proposal Template include: clearly outlining the partnership objectives, showcasing mutual benefits, providing a detailed action plan, highlighting relevant experience, and tailoring the proposal to the specific industry and role. Instill confidence by demonstrating understanding of their needs, positioning your business as the best choice, and showcasing your expertise to navigate challenges and ensure project success.

How do you pitch for business partnership services?

• Identify mutual benefits and align goals.
• Research the potential partner's industry and needs.
• Craft a compelling proposal highlighting your expertise.
• Clearly outline the partnership's value proposition.
• Present a detailed plan for collaboration and growth.
• Emphasize your ability to overcome challenges and deliver results.
• Follow up with a personalized and persuasive pitch.

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Top 10 Partnership Plan Templates with Examples and Samples

DivyanshuKumar Rai

When partners enter a business at the outset, they are motivated and excited to embark on this exciting new adventure together. Initially, they agree on almost everything. These new entrepreneurs think they will be in business together for the rest of their lives or until they sell the company for untold millions of dollars.

They believe that nothing can or will go wrong. They are so sure of each other that they never bother to get a written partnership plan. What could possibly go wrong in this scenario? The short answer is, "A LOT!"

The reality is that, despite dreams of longevity and unwavering trust, business owners' desires and expectations change over time. A written partnership plan can manage these expectations and give each partner confidence in the business's future. A written plan can serve as a safeguard that protects both the business venture and the investment of each partner.

Now, you might be thinking, “How to get an effective partnership plan in place?” The quick answer: Partnership Plan Templates .

Every business requires a partnership plan. Small businesses seek out partnerships more to achieve their goals and objectives. Building a strategic partnership is more complicated than creating a partnership document, but it is the first step toward action. SlideTeam’s partnership plan templates maneuver your ship to the shore.

Let’s explore these!

Template 1: Vendor Strategic Partnership Engagement Plan

Get this Strategic Partnership Plan PPT Template and deliver an impactful presentation to your audience. Its layout is divided into four sections, each describing a critical aspect: Plan, Analyze, Identify, and Act. There’s a specified section for review to ensure you have that extra cushion to make amendments, wherever necessary. Get this template now.

Download this template

Template 2: Strategic Partnerships Event Planning Service Company Profile PPT Template

This PowerPoint Template works wonders when you want to explain the role of strategic partnerships within an organization. It has ample space to highlight points you want to deliver in your presentation. You can use its standard layout to emphasize key details, including partner location, services they monitor, objectives, and more. Download it now.

Template 3: Internal Communication Plan For Partnership Firm

The importance of proper communication in the successful accomplishment of business objectives can’t be overstated. With SlideTeam’s handpicked internal communication plan template, you can enjoy the convenience of an uninterrupted flow of information across departments in your company. This plan layout describes:

• Reasons for communication
• Communication activity
• Communication channel
• Individual responsible

Download now.

Template 4: Marketing Campaign Initiated by Partnership Timeline

Build a weekly timeline for your marketing campaign using this fantastic PPT Template. Till the campaign goes live, you can include and track KPIs to ensure your effort is successful. Here, there are some predefined parameters that you can use: Target mapping exercises, Prepare brands and categories, Assign partner roles, risk register update, Negotiation and recruitment, and Activation and management. Download it now.

Template 5: Global Partnership Management for Planning and Communication

Global partnership management is a painstaking task that can be made easy with our exemplary template. It has a unique framework that explains key insights encompassing the five stages, namely: Prepare, Share Knowledge, Plan, Execute, and Achieve Results. Being 100% editable, you can tweak the design and include points in this template to serve your purpose. Download it now.

Template 6: Six Months Teamwork Partnership Strategy Roadmap

Teamwork is the key to success! We know you would have heard this phrase at least a million times, but it doesn’t take away even a slight bit of truth. Build a six-month teamwork partnership framework using our exceptional PowerPoint Template. It highlights the team member and phases spread across a month-wise timeline. The phases include:

• Develop partnership strategy
• How the partnership will operate
• Ensure stakeholder support
• Resource allocation
• Review the partnership development process

Template 7: Five-yearly Teamwork Partnership Strategy Roadmap

With a similar design to the previous template, this template accelerates the process of building a five-year teamwork partnership strategy roadmap. It has some predefined phases which you can change to suit your business requirements. You can present it to higher management to get their approval on the partnership roadmap you are long working on. Get it now.

Template 8: Planned Partnership Strategy PPT Template

If you need a pre-built framework for drafting a planned partnership strategy, this is the perfect piece for you. Its layout is designed into five stages that you can use to explain critical insights that underline your strategy. You can also use it to highlight KPIs as well. Get it now.

Template 9: Strategic Partnership Showing Teamwork

‘Strategic partnership’ is a complex subject that commands resources to spark clarity in your audience. Lucky for you, SlideTeam has prepared this template that touches every essential parameter that encompasses it. This template highlights the points of collaboration, teamwork, strategy, plan, performance, and success. It is a roadmap with checkpoints you need to surpass to foster better partnerships within your organization. Download it now.

Template 10: Partnership Action Plan PPT Presentation

A partnership action plan boiled down into three stages! Hard to believe, isn’t it? SlideTeam presents a PPT Template that displays a layout that does just that. It has three levels: Action, Planning, and Partnership. The idea behind these stages is, you have to define relevant actions to ensure your organizational plans aren’t affected. Doing so will ensure there’s a more inclusive partnership forging in your company across departments. Get it now.

Partnerships are critical to the success of any business. Merchants and traders have used the principles of strategic partnership to conduct their businesses since the genesis of trade and commerce; the trend continues today.

A partnership can take many forms, from business owners working together to invest in a project to firms sharing technical knowledge and ideas. Whatever a company does, finding the right partnership plan template that benefits both parties is critical. (And that’s why SlideTeam has put together this list of top 10 partnership plan templates!)

FAQs on Partnership Plan

What is a partnership plan.

A partnership plan is a way two or more parties in a business agree on conducting the venture together. Each party takes different functions to perform, helping the business run more efficiently. This plan is documented in the form of an agreement. This document lays down the ground rules on how the partners will handle business responsibilities, ownership and investments, profits and losses, and company management.

While "partners" usually refers to two people, there is no limit to how many partners can form a business partnership in this context.

How do you create a partnership plan?

When forming a business partnership, it is critical to draft a partnership plan contract that outlines all of the terms and conditions of the professional relationship. Your business partnership plan should include a list of all partners and should address the following issues:

• Name of the partnership
• Partnership goals
• Partnership duration
• Contribution amounts of each partner (cash, property, services, future contributions)
• Each partner ownership interest (assets)
• Management roles and terms of authority of each partner
• Accounting obligations
• Distribution of profits and losses between the partners
• Salaries, work hours, sick leaves, and vacation times of each partner
• Permissions and restrictions on any outside business activity
• Buyout options of partners
• Process for adding new partners or removing original partners
• Terms and conditions of termination of the partnership

What are the stages of partnership?

Here are the five stages of partnership:

Stage I. The Singles Stage (Non-Partnering)

Stage II. The Searching Stage (Pre-Partnering)

Stage III. The Courtship Stage (Active Partnering)

Stage IV. The Bonding Stage (Consolidated Partnering)

Stage V. The Commitment Stage (Going to Scale)

What are the 5 principles of partnership?

There are five basic tenets that work together to form a framework for establishing a solid foundation for effective business relationships.

• Shared knowledge
• Agreed Goals
• Balance of return

While some of these are easier to quantify than others, each has a significant impact on the partnership's strength.

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• [Updated 2023] How to Design The Perfect Product Launch Presentation [Best Templates Included]
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How to Write a Business Proposal for Small Businesses

Help your small business stand out with a well-crafted business proposal — here’s how.

Caylin White

Share article.

A well-crafted business proposal can be a powerful tool to achieve your goals. Are you a small or medium-sized business (SMB) owner or leader looking to secure new clients or expand your business? It may sound daunting but if you follow these steps you can create a compelling proposal that will make your small business stand out. 

Grab a cup of coffee and read on to learn everything from understanding the key components of a business proposal to best practices and real-world examples that will inspire you.

What you’ll learn: 

What is a business proposal? Key components of a successful business proposal Types of business proposals to consider Step-by-step guide to writing a business proposal Best practices for writing a business proposal for small businesses Business proposal templates for SMBs Get started on your proposal for small business

What is a business proposal?

A business proposal is a formal document that outlines your business, the project or service you’re proposing, and the value you can bring to a potential client. It’s a key part of your small business marketing strategy . It serves as a roadmap for your business relationship and demonstrates your expertise, capabilities, and unique selling points.

To be clear, a business plan is different than a business proposal. A business plan focuses on the internal features of your business. A business proposal serves as a pitch to a client or business. The object of a business proposal is to secure a partnership between organizations by demonstrating the value of the service your business can offer. ( Back to top. )

Key components of a successful business proposal

When learning how to write a grant proposal for small business (or any sized business) there are a few terms you’ll need to learn:

• Cover page and introduction: Begin your business proposal with a professional cover page that includes your business name, logo, contact information, and the date. Follow this with a brief introduction that states the purpose of the proposal and provides a high-level overview of your business. Proposals with an attractive cover page tend to convert around 45% better than those without one.
• Executive summary: The executive summary is a concise overview of your entire proposal. It should grab the reader’s attention and highlight the key points of your proposal, including the problem you’re solving, your proposed solution, and the benefits your client will gain by working with you.
• Problem statement: Clearly articulate the problem or challenge your client is facing. This section needs to demonstrate your understanding of their needs and pain points. Use specific details and data to support your claims.
• Implementation plan and solution: Present your proposed solution in detail. Explain how your product or service addresses the problem you’ve outlined. Provide a step-by-step implementation plan, including timelines, milestones, and deliverables.
• Budget and pricing: Outline the costs associated with your proposed solution. Be transparent and provide a detailed breakdown of expenses. If applicable, offer different pricing options or packages to cater to different budgets.
• Benefits and value proposition: Highlight the specific benefits your client will gain by choosing your business. Quantify the value you bring whenever possible and explain how your solution will help them achieve their goals.
• Call to action: Conclude your business proposal with a clear call to action. Invite the reader to take the next step, whether it’s scheduling a meeting, signing a contract, or making a purchase. Research states that proposals that ​​contained only one offer, sold for a 21% higher upfront fee , and a 33% higher monthly, retainer fee.

Pro tip : Make your proposal mobile-ready as one-third of the population are reading from their mobile devices, phones, or tablets. ( Back to top. )

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Types of business proposals to consider.

There are different types of business proposals, each tailored to specific purposes. Here are a few common types:

Project proposals

Project proposals are used when you’re bidding on a specific project. They outline the scope of work, timeline, budget, and deliverables for the project.

Sales proposals

Sales proposals are used to convince potential customers to purchase your products or services. They focus on highlighting the benefits of your offerings and demonstrating how they meet the customer’s needs. Pull data from your small business CRM to ensure you are meeting your customer’s needs. 

Partnership proposals 

Partnership proposals are used to establish collaborative relationships with other businesses. They outline the mutual benefits of the partnership and define the roles and responsibilities of each party.

Step-by-step guide to writing a business proposal

No matter what type of business you’re starting, you can follow these steps to create a well-structured and persuasive business proposal:

• Identify your target audience: Understand the needs, challenges, and preferences of your target client. Tailor your proposal to their specific pain points and interests.
• Gather relevant information: Conduct thorough research on your target client and their industry. Use customer data from your CRM to flesh out the proposal and ensure it’s highly relevant.  Don’t have a CRM? It’s easy to get started with Salesforce.  
• Structure and format: Organize your proposal using a clear and logical structure. Use headings, subheadings, and bullet points to make it easy to read. Tailor the format to your audience and purpose.
• Craft a compelling executive summary: Write a concise and attention-grabbing executive summary that summarizes the key points of your proposal. This section is crucial in capturing the reader’s interest.
• Develop a detailed problem statement: Clearly outline the challenge or problem your client is facing. Provide evidence and data to support your claims and demonstrate your understanding of their situation.
• Propose a solution and implementation plan: Present your solution in detail, explaining how it addresses the problem you’ve identified. Provide a step-by-step implementation plan with timelines and deliverables.
• Highlight benefits and value: Emphasize the specific benefits your client will gain by working with you. Quantify the value whenever possible and explain how your solution aligns with their goals.
• Include a budget and pricing: Provide a transparent and detailed breakdown of costs associated with your solution. Offer different pricing options if applicable.
• Incorporate testimonials or case studies: Include testimonials from satisfied clients or case studies that demonstrate the success of your solutions. This adds credibility to your proposal.
• Proofread and revise: Carefully proofread your proposal for any errors in grammar, spelling, or formatting. Ensure the language is clear, concise, and professional. ( Back to top. )

Best practices for writing a business proposal for small businesses

Now it’s time to help your SMB stand out. Here are some additional tips to enhance your business proposal:

Use clear and concise language. By avoiding jargon and technical terms that your client may not be familiar with. Use simple language that’s easy to understand.

Highlight your unique selling points. Emphasize what sets your business apart from competitors. Showcase your expertise, experience, and unique value proposition .

Tailor your business proposal. Customize your proposal to each client by addressing their specific needs and pain points, and demonstrate how your solution is the best fit for them.

Use enticing visuals. Incorporate charts, graphs, videos, and images to support your points and make your proposal more visually appealing.

Proofread your proposal thoroughly. Double-check for any errors in grammar, spelling, or formatting. ( Back to top. )

Business proposal templates for SMBs

When it comes to creating a business proposal, professionally designed templates can be a game-changer. You can find many grant proposal templates or business proposal templates in Google docs , Quickbooks, and other websites. These templates not only save you time and effort, but also provide a polished and professional look to your proposal. 

Once you have chosen a template, it’s important to customize it to fit your specific business needs. This includes adding your company logo, adjusting the colors and fonts to match your brand identity, and tailoring the content to highlight your unique value proposition. By utilizing professionally designed templates and following these tips, you can create compelling business proposals that leave a lasting impression on your clients.

Get started on your proposal for small business 

Writing a business proposal is a crucial step in presenting a compelling case for any type of business. It requires careful planning, research, and a clear understanding of the target audience. 

Starting a small business — or any sized business for that matter — doesn’t have to be hard when you have the right tools for the job . With these tips and techniques, you can create the business that you’ve dreamed of for the future you deserve.

AI supported the writers and editors who created this article. ( Back to top. )

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Business Partnership Proposal

Every business partnership existing out there started with a business partnership proposal. A business partnership proposal enables you to determine the feasibility of the terms agreed between companies or businessmen. You may also like  budget proposal examples .

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10+ Business Partnership Proposal Examples

1. business partnership proposal template.

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2. Simple Business Partnership Proposal Template

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3. Free Business Partnership Proposal Letter

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4. Free Business Partnership Proposal Template

Size: (US) 8.5×11 inches + Bleed

5. Free Business Proposal Letter for Partnership

6. Business Partnership Proposal Example

Size: 1.3 MB

Writing a business partnership proposal involves extensive research by both parties in order to be able to identify the right information needed for the proposal. Keep in mind that business proposals are one of the keys that will help you in expanding your business as well as building quality relationships with other businesses. You may also check out  fundraising proposal examples .

7. Business Partnership Proposal Form Example

Size: 128 MB

Writing any kind of proposal can be intimidating. Your business proposal should always make sure that you will be able to convince your potential client or partner that you and your business is their best choice and a perfect fit for a potential client’s needs. The same thing should happen between you and your potential business partner. You have to make sure that you will be able to effectively sell yourself and your business through your business partnership proposal so you will be able to get that proposal approved and signed. You may also see  landscaping proposals .

Creating a business partnership proposal can be nerve-wracking. You should always keep in mind to have a clear mind and intentions and to make sure that you have the eye on determining not only what you could benefit from it but as well as your potential partner. Creating a business partnership proposal comes in two parts which are the pitch and the written proposal . In this article, we will be discussing both. You may also see  investment proposals .

8. Business Partnership Proposal with SME Businesses

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11. Lifestyle Brands Business Partnership Proposal Example

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13. Software Outsourcing Business Partnership Proposal Example

Size: 166 KB

Why Do I Need a Business Partnership Proposal?

If you own a business and you want to get anywhere, you should be able to create a business partnership proposal that can help you in doing so. Having business partners is one way for your business to gain benefits that you cannot get when you are on your own such as access to new markets and even the expansion of customer bases. You may also see  non-profit proposals .

If you want to grow your business beyond its current state, you have to venture out into new possibilities and one that could really help you with that is to gain business partners. You can attain an effective business partner if you are able to create an equally effective business partnership as well. You may also see  commercial proposals .

Making an Effective Business Partnership Proposal

Basically, business partnership proposals are created usually, but not limited to, two companies to acquire benefits that will result from business partnership activities after having discussed and signed an agreement and contract. You may also see  request proposals .

For you to be able to gain the approval of the partnership if you are the one proposing to another business, you have to make sure that you will be able to address to your potential business partner common concerns that each of you have, each of your values and how to align it with each other, and each of your goals. You may also see  business proposal letters .

Aside from that, you may follow the following guidelines in order for you to be able to create an effective business partnership proposal:

1. Identify the common ground between you and a potential partner.

Before anything else, you have to first identify the common ground between you and the potential business individual you have been eyeing to partner with. Do not just propose to anyone without knowing whether you have indeed the chance. Aside from that, you have to make a research to know whether your potential business partner is reliable or not for as this could make or break your entire business. You may also check out  service proposal examples .

You should make sure that you have a similarity with your common interests as well as your core values in order to know whether you are dwelling on the same ground. By determining those before even pitching and drafting a business partnership proposal, you will be able to know first your chances of attaining a business partnership. You may also check out  project proposal examples .

2. Stress clearly the advantages for both parties.

Businessmen will always think of business and the ever-famous question,  “What’s in it for me?” especially when they deal with business proposals. In order to make sure that you will be able to create an effective bid, make sure that you will include and highlight the benefits and advantages a potential customer will get out from your business partnership. You may also see  short proposal examples .

3. State the main objectives of the business partnership.

Do not overlook outlining the goals and main objective for creating a business partnership. Any kind of proposal has these so as to make sure that creating a business partnership is based on a relevant aim and not just for the sake of attaining one. You may also see  simple proposal formats .

4. Indicate the terms and conditions.

You have to make sure that you will be able to stress out beforehand the terms and conditions of the business partnership proposal . This is to ensure that your potential and proposed partnership will be easy to manage and handle especially when it comes to the possible cancellation, confidentiality-related stipulations, and non-competition. You may also see  security proposal examples .

The Advantages of Having on a Business Partner

Sure, there will always a bad side to everything but having a business partner will always be beneficial rather than disadvantageous. You may also see  business proposal letters .

Here are some of the advantages of having a business partner:

Two is better than one

Two heads will always be better than one especially if you are still starting out to try and attain a business partner. It is way better to plan out for businesses especially if there is more than one mind that will be working on a business venture or project. You may also see  service proposals .

In business, problems are inevitable. With a business partner, you will not hoard all the problems but you will also get to share it with your business partner. Things in the business will feel more fulfilling if you have someone you can count on as long as you have proposed and partnered with a reliable business partner. You may also see  request proposals .

Combining and complementing of skills and knowledge

An excellent and well-balanced business partnership is when both the skills and knowledge of the two parties will be able to combine and complement each other. It is in this way that you will be able to create diversity and potential for much greater achievement in your business venture. You may also see  policy proposals .

If your business partner has a different set of skills and knowledge from yours, do not be afraid because this can be even better since having multiple talents and visions will be a factor of increased opportunities for possibilities such as expansion and, of course, higher profits. Getting into business partnership also enables and enhances motivation, morale, and most especially the personal responsibility of each side of the party. You may also see  landscaping proposals .

Advantage on the financial aspect

When you have a business partner,  it also means that if there is more than one owner, it would also mean that there is also more than one income and more than one investor. This advantage of the financial aspect of having a business partner is very helpful for those who are just starting out as well as to those who are already established. You may also see  investment proposals .

Another thing is that when your business faces financial problems to the point where you will need to seek help from other individuals, you cannot only count on your own contacts and networks but you can also count on the contacts and networks of your business partner. You may also see  non-profit proposals .

We hope that through this article and through the examples of business partnership proposal that we have included here have helped you in coming up with your business partnership proposal as well as in making you realize how helpful it is to have a business partner. However, again, just make sure that you are only going to propose to a reliable one! Should you want to read more about partnership proposals, you might be interested in Partnership Proposal Examples & Samples.

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7 big takeaways from the Chicago Bears new stadium proposal

Details from location to the roof to traffic to financing to what will become of soldier field and more were revealed during the team's big press conference, by nbc chicago staff • published april 24, 2024 • updated on april 24, 2024 at 1:56 pm.

One day before the NFL Draft, the Chicago Bears made another kind of splash as they revealed an inside look for the first time at their proposal to build a new stadium in Chicago.

Details from location to the roof to traffic to financing to what will become of Soldier Field and more were revealed during the team's big press conference.

Watch NBC Chicago local news and weather for free 24/7

But for fans trying to grasp what exactly happened, here are some of the biggest takeaways:

1. What it will look like

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The team released renderings of the new, covered stadium Wednesday, showing plans for both inside and outside.

(See the full renderings here)

In addition to the renderings, the team also released a "hype video" showcasing the new plans.

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WATCH: Here's the compelling stadium hype video the Bears played at their press conference

2. What happens to Soldier Field?

Soldier Field, which has been constructed and standing for nearly 100 years, is absent from the renderings . The historic columns, which are part of the architecture that "pays homage to the men and women who valiantly served the country," according to  Landmarks Illinois , remain in the renderings.

"Sports fields and gardens will replace the current stadium, with Soldier Field’s historic colonnades preserved as a tribute to Chicago’s military veterans," the team said in a release. "An enclosed stadium is essential for Chicago to attract year-round events like the Super Bowl and major concerts—unlocking billions in tourism revenue."

"As you noticed here, the plan is to keep the historical columns from Soldier Field to make that part of this development to make it one museum campus," Bears CEO/President Kevin Warren said during a visual presentation of the renderings. "What happens here is the additional open and green space. This will have 14 acres of athletic fields, a recreational park to allow, as I mentioned earlier, for youth to be able to come together and do things in a productive manner."

As for the transition to the new stadium, Warren said the Bears will play at Soldier Field until the construction of the new stadium is complete for them to play in.

"One of the things that makes the project unique is that we would be able to continue to play at Soldier Field during the construction and then to be able to move into the new stadium once the construction is finalized," Warren said. "So yes, we would be able to continue to play here and not have to move to a different location."

3. What will the roof be like?

The Bears revealed plans for a "state-of-the-art" fixed, not a retractable roof on the stadium. Warren said while the team considered a retractable roof, it would have added "another couple hundred million dollars."

"When we talked to organizations who had retractable roofs, they said they used it maybe three or four times a year," he said.

Warren said the roof will be similar to ones seen at US Bank Stadium in Minnesota or Allegiant Stadium in Las Vegas or SoFi Stadium in California.

"You'll be indoors, you'll get all the benefits of being indoors, but you'll feel like you're outdoors. You may have to wear sunglasses," he said.

4. What about traffic and parking?

With the increased capacity and usage, as opposed to  Soldier Field , the Bears and the city of Chicago will surely run into traffic problems. Already, traffic problems exist with entering and exiting the lakefront campus; whether on foot or behind a wheel.

Bears newly appointed Chief Operating Officer Karen Murphy laid out the plan for traffic to the proposed stadium.

The first phase of the plan includes creating an "improved interchange" at 18th Street, which would become 19th Street on Lakeshore Drive. They're also looking at an entrance to the campus from the South to tie into their South parking lot.

Double-decking the South parking lot is also in the realm of possibilities.

On the North side, the Bears are looking to remove the light on Lakeshore Drive and McFetridge. They also hope to increase the space and accessibility on the lakefront path for pedestrians who are walking to the stadium.

The Bears estimate a 20% increase in campus capacity on the South side, with a 10-minute reduction in campus exit time. On the North side, they estimate a 50% increase in campus access --- likely because of the destruction of Soldier Field.

"If both these phases are done, this would be a 50% increase in lane capacity to the site, as well as a 20-minute reduction in exit times from our parking ramps, and 1,200 less hours daily for commuters on DuSable Lakeshore Drive," Murphy said during the presentation.

5. How will the stadium be financed?

The  Bears  announced how they plan to fund a potential  new stadium project  in Chicago, and how much they believe it will cost.

Bears COO and executive vice president of stadium development Karen Murphy said in a presentation on Wednesday that the team expects the entire stadium project to cost $4.7 billion: $3.2 for the stadium itself and just over $300 million for the infrastructure required to open it, then $1.2 billion for two other phases of development.

Last month, the team confirmed it would contribute $2 billion dollars to fund the majority of the project. On Wednesday, a slide in the presentation clarified that number would be closer to $2.025 billion dollars. After that, the team would look to an NFL stadium program for a $300 million loan. That leaves a $900 million gap for the stadium financing itself. The Bears plan has them looking to a bond mechanism in the Illinois Sports Facilities Authority program to make up the difference.

The Bears said a 2% hotel tax that is already in place for the ISFA should be able to make up the $900 million they need from public funds.

There wasn’t a clear answer as to where the team would get the $300 million for the infrastructure, however. Murphy said the team is still working with the state and looking into different funding sources.

If the team gets the public funding needed to open the stadium, they said there will be two more phases of development requiring public money: one to maximize infrastructure for the stadium and surrounding campus totaling $510 million, and another phase for “optional infrastructure to enhance the campus, improve circulation, and maximize public economic benefits,” totaling $665 million. Add up all three phases plus the IFSA funding, and it's nearly $2.4 billion in public money.

Chicago mayor Brandon Johnson said on Wednesday that the Bears’ new plan to build a stadium in Chicago will not raise taxes on city residents.

“I’m going to repeat that one more time to make sure that everybody gets it,” Johnson said after the announcement. “This project will result in no new taxes on the residents of Chicago.”

It's still not clear where some of the funding will come from. Additionally, the Bears indicated they could potentially look for city money as well as state and federal dollars.

Shortly after their announcements, Illinois Senate president Don Harmon responded with one key question.

“At first glance, more than $2 billion in private funding is better than zero and a more credible opening offer,” Harmon said. “But there’s an obvious, substantial gap remaining, and I echo the governor’s skepticism.”

As Harmon alluded to, Illinois Gov. J.B. Pritzker said he remains “skeptical” about the Bears proposal to build a new publicly-owned stadium in Chicago.

“I wonder if it’s a good deal for the taxpayers,” Pritzker said.

6. Other new features or changes included in the plan

The team revealed plans for more than just a stadium , rather showcasing an entertainment hub that can host Super Bowls, playoffs, concerts and more.

"We have the best museums in the country. We have the most beautiful lakefront. We have the most vivid downtown architectural design. And this affords us the opportunity to be able to bring this all together in the greatest city on the planet," Bears President and CEO Kevin Warren said during a press conference live Wednesday.

"We want to build a recreational and cultural campus to enhance upon the things that we have here in place. We view young students being able to study here in the park, [to] take the classrooms out of the classroom, out of the museums, and bring it into the open area and take it back into the museums and back into the classrooms," he said, adding that there's an "opportunity to bid for the Super Bowl, for the Final Four, for college football playoffs, Big Ten championship games, concerts."

"This really becomes an international destination [for] the Olympics, World Cup," Warren said.

Among the new features highlighted by the team were:

• Expanded green and open space
• Added playfields, creating more safe places for youth and families to gather
• Public restrooms along with food and beverage options to enhance park user experience 
• Better infrastructure that improves access to Museum Campus
• A year-round venue that can host community events of all sizes

7. What about Arlington Heights?

Kevin Warren stressed that the team remains "the largest landowner in Arlington Heights," but that doesn't change the fact that their focus remains on Chicago.

The Bears bought 326 acres of land in Arlington Heights last year, and previously announced plans to build a new stadium there. But contentious negotiations about property taxes in the suburbs have become an obstacle for that plan. Earlier this year the team said it was switching its focus away from Arlington Heights back to the city.

"They're our team," Chicago Mayor Brandon Johnson said as he touted the team's decision to return their sights to the city.

Arlington Heights officials said they will be ready and waiting for if the Bears change their minds.

"There’s a lot of challenges ahead with respect to the lakefront stadium in terms of financing and opposition by interest groups like Friends of the Parks… We stand ready to continue discussions with the Bears if they do get a no on the lakefront," Mayor Tom Hayes told NBC Chicago.

He added that while the village is respectful of the Bears' plan to explore a lakefront stadium, they believe the Arlington Heights property is a better fit.

“Other than a lake which we don’t have in Arlington heights, I think everything else in Arlington heights is a better solution for them," he said.

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Bears unveil $5 billion plan for lakefront stadium and seek public funding to make it happen

The Associated Press

April 24, 2024, 5:47 PM

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CHICAGO (AP) — The Chicago Bears unveiled a nearly $5 billion proposal Wednesday for an enclosed stadium next door to their current home at Soldier Field as part of a major project that would transform the city’s lakefront, and they are asking for public funding to help make it happen.

The plan calls for $3.2 billion for the new stadium plus an additional $1.5 billion in infrastructure. The team and the city said the project would add green and open space while improving access to the city’s Museum Campus and could also include a publicly owned hotel.

“This is not an easy project, but Chicago doesn’t like it easy,” Bears president Kevin Warren said.

The announcement at Soldier Field comes during a busy week for the Bears. They are expected to take 2022 Heisman Trophy winner Caleb Williams with the No. 1 pick in the draft on Thursday night and bank on the USC quarterback to solidify a position that has long been a sore spot for the founding NFL franchise.

The team said last month it was prepared to provide more than $2 billion in funding toward a publicly owned stadium in the city.

The proposal calls for $2.025 billion from the Bears, $300 million from an NFL loan and $900 million in bonds from the Illinois Sports Facilities Authority. The funding from the ISFA would involve extending bonds of the existing 2% hotel tax.

The Bears said the project would generate $8 billion in economic impact for the region. It would be built in three phases and take up to five years. The new stadium would be constructed on a parking lot just south of Soldier Field, the Bears’ home since 1971. The team’s lease at the 100-year-old stadium runs through 2033.

Mayor Brandon Johnson gave a full-throated endorsement, saying the project is in line with Daniel Burnham’s “Plan of Chicago.” He said there would be no tax hikes or new taxes for Chicago residents.

Renderings show the Bears’ stadium would have a translucent roof and massive glass panels that would bring in sunlight and allow for views of Chicago’s famed skyline. The plan is to host major concerts throughout the year as well as Super Bowls, Final Fours and Big Ten championship games.

Though Soldier Field’s famed colonnades would be preserved, the spaceship-like stadium that was installed in the renovation two decades ago would be torn out and replaced by playing fields as well as park space. The plan calls for a pedestrian mall, food and beverage options, a promenade and plaza.

“My administration insisted that any new project — especially one on public land — must deliver strong public benefit and public use for the City of Chicago, and I am pleased today that this plan does exactly that,” Johnson said.

Illinois Gov. J.B. Pritzker, however, said he wasn’t on board.

“I remain skeptical about this proposal and I wonder whether it’s a good deal for the taxpayers,” Pritzker told reporters Wednesday at an unrelated news conference. “I’m not sure this is among the highest priorities for taxpayers.”

Illinois’ top legislative leaders were also doubtful.

“If we were to put this issue on the board for a vote right now, it would fail and it would fail miserably,” Illinois House Speaker Emanuel “Chris” Welch said at an unrelated news conference. “There is no environment for something like this today.”

However, he added that the environment in Springfield does change.

The proposal comes as two other Chicago sports teams, including the White Sox and Red Stars, have expressed interest in public funding for new stadiums.

Warren, who replaced the retired Ted Phillips a year ago, played a role in the construction of U.S. Bank Stadium in Minneapolis through a public-private partnership when he worked in the Minnesota Vikings’ front office from 2005 to 2019.

The Bears spent $197.2 million more than a year ago to purchase the site of the shuttered Arlington International Racecourse from Churchill Downs Inc. They envisioned building a stadium on the 326-acre tract of land some 30 miles northwest of Soldier Field, with restaurants, retail and more on the property — all for about $5 billion, with some taxpayer help.

The Bears had said they would pay for the stadium in Arlington Heights, with taxpayer dollars covering infrastructure costs such as roads and sewers. Those plans stalled, with the team citing a property assessment it said was too high.

They would remain tenants by staying in Chicago rather than owning a stadium in Arlington Heights. But Warren said he sees it as more of a partnership with the city rather than a landlord-tenant relationship.

“I believe in Mayor Johnson,” Warren said. “I believe in his staff, his vision, I believe in this city. I don’t look at it as being a renter. I look at it as being able to develop a relationship, to be able to come together. People asked that same question in Minnesota — why would you want to be a renter?”

Associated Press reporter Sophia Tareen in Chicago contributed to this report. ___

AP NFL: https://apnews.com/hub/nfl

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

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