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Mon, Oct. 21

Foundation works behind scenes to promote PV's economy

Prescott Valley is coming tantalizingly close to picking some big enonomic plums, thanks to the efforts of the PV Economic Development Foundation and those who partner with it.

After years of work, the town now has a "spec building" to lure future manufacturers, something PVEDF Director Gary Marks said has been difficult to operate without.

"For three years we've discussed the need for a spec building. This year we have a 50,000 square foot spec building next to the ACE Retail Center," he said.

Now the town has the necessary "bait" to draw the industries it seeks, Marks said.

"We were told when companies are making inquiries in Arizona, the first thing they say is 'show us the existing building.' We've had small buildings available, but we were lacking the 40,000-plus square foot space," he said. "These companies understand the money value of time. They can go in and be (in operation) in 100 days or less."

Marks said PVEDF has had some serious interest from companies since the building has become available. One large manufacturer narrowed its choice to Prescott Valley and one other community before choosing the other community.

Marks said the Foundation is still focusing on bringing clean industry to Prescott Valley.

"We want industries that are not abundant users of natural resources, that are environmentally friendly, that pose no threats or burden to community resources or infrastructure," he said.

PVEDF completed a tri-city and 69 Corridor labor force study last year that will be another draw for companies interested in relocating here.

"It's a tool we needed," Marks said. "Companies in the past would look at our population and have concerns about the labor force. This study has given us important information to show we have the workforce to accommodate different needs.

To add to the "toolbox," PVEDF is also participating in Arizona Public Service's Focused Future II, a guided process to plan a five-year economic development strategy for Prescott Valley. Marks said PVEDF and APS should wrap up the 14-month process in the next week or so, then present it to the Town Council in May.

"At that point (with council approval) it becomes the economic development initiative of General Plan 2020," he said.

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