Issue #6 | February 2016  

 
 
 
 

   Rich Heath, Director

 
 
 
 
Update from the Director

The new year has been busy with a number of different projects and activities. Most of GPREP’s new marketing package, including  three new videos, an enhanced website, giveaways, and new print materials for distribution and display, are set to be completed by the end of February. I will be attending the Re/Max 2016 RE/MAX R4 in Las Vegas, NV, from February 29 –March 3rd in partnership with Paul Schneider of the local RE/MAX Mountain Properties office. A spring business development trip is being planned for mid-March to the Los Angeles area. We will begin focusing our attention on scheduling a 2-3 day tour of the area for select site selectors in May. This will give key business development consultants first-hand knowledge of all the key assets this region has to offer new and expanding companies.
 
This is the 6th edition of GPREP’s monthly e-newsletter. I feel it is an important communication tool to reach as many partners and investors of the organization as possible. If there is information that you would like to pass along to our readers regarding business development related topics and information, please email with that information. My goal is for the e-newsletter to cover a variety of topics related to business development and a means in which to highlight the happenings here at GPREP. If you would like me to speak to a group or committee, please let me know.  I am happy to get out as much as possible in an effort to grow the “GPREP Team” that will help build an even stronger and more vibrant regional business community.
I look forward to working with you soon!
 

​Richard Heath
 
 
 
 
 
EXECUTIVE COMMITTEE:

Dane Beck, Hampton Inn and  Suites of Prescott Valley,
Board President

Bob Been, Affinity RV
Vice President

David Hall, ERAU,
Treasurer

Danny Sullivan, Yavapai Title Agency,
Secretary

Steve Rutherford, Prescott Valley 
Commercial 
Development,
Immediate Past President
 
 
 
 
 
PRIVATE SECTOR BOARD MEMBERS:

Steve Walker,
Yavapai College

Dave Barrett,
Barrett Propane

Dan Cummings,
MI Windows & Doors

John Amos,
Yavapai Regional Medical Center

Kelly Patton,
Arizona Public Service

Jack Fowler,
Fowler Commercial, LLC

Meredith Dunlap,
National Bank of AZ

Julie Ruttle,
BBVA/Compass Bank

Teri Drew,
NACOG

Tracey Horn,
Helken & Horn Advertising Agency

Stephen Crandall, SC
Audit and Accounting Solutions

EX-OFFICIO:
Keith Watkins,
Arizona Commerce Authority

PUBLIC SECTOR BOARD MEMBERS:

Mayor Harry Oberg
City of Prescott

Councilman
Rick Anderson
Town of Prescott Valley

Mayor Chris Marley
Town of Chino Valley

Councilman
Dennis Repan
Town of Dewey-Humboldt

Rowle Simmons
Yavapai County Supervisor - District 1
 
 
 
 

IN THE NEWS

 
 
 
 
Yavapai County IDA

The Yavapai County Industrial Development Authority (IDA) is a political subdivision of the State of Arizona that serves to promote development by being the issuing agency for bonds for private economic activities. IDAs were established under the Arizona Industrial Development Financing Act. In many cases, the bonds are tax-exempt, which makes them more attractive to investors. Board members for the IDA are appointed by the supervisors of the county they represent or the council of the city or town they represent to six-year terms. Fees from these bond issues are paid to the IDA, which in-turn uses them for other development activities. The types of projects funded by the IDA include but are not limited to educational facilities; manufacturing operations; housing, and office buildings. These bonds are a valuable tool for the attraction and recruitment of larger employers to the Greater Prescott Region. 
 
 
 
 
 
Certified Sites & Buildings

The Arizona Commerce Authority has approved a combined eight (8) buildings and sites within the Greater Prescott Region as either Bronze or Gold Certified. This certification is recognized by site selectors and business development consultants as prime locations for either business expansion or relocation. The certified developable sites within the Greater Prescott Region include Old Home Manor Industrial Park in Chino Valley, Prescott Regional Airpark and Commerce Center, and the Big Sky Industrial and Commerce Parks in Prescott Valley. Two of the Gold Certified buildings within the region are the Deltag Building in Prescott Valley and a 43,272 sq. ft.  industrial building in the Prescott Airpark. For more information on these certified buildings and sites, along with the many other options being marketed for business development, please visit the GPREP website at www.gprepaz.com

 
 
 
 
 
Tourism Survey States Impressive Numbers

A year-long tourism study that was concluded in late 2015 indicates that the Greater Prescott Region is a destination for both in-state residents, as well as visitors from across the United States and many foreign countries. The Prescott Tourism Study was conducted by the NAU W.A. Franke College of Business through funding from the City of Prescott and Arizona Office of Tourism. Of those individuals taking the survey, 32% were from Arizona; 61% came from out-of-state (with 15% of that number visiting from California); and the remaining seven percent traveling here from somewhere outside of the United States. The total estimated number of visitors to the area was 1.6 million equating to $340 million in total economic impact from those visitors. The survey noted that 90% of all visitors were satisfied with their visit to the area. This offers GPREP a spring-board in which to reach out to these individuals and sell them on the idea that if you like it here, why not start, expand, or relocate a business here? For more information on the survey, please visit the Prescott, Arizona Office of Tourism at  http://visit-prescott.com/about-us 

 
 
 
 
 
Cost of Living Figures Released

According to the Council for Community and Economic Research, the Greater Prescott Region maintains a cost-of-living that is slightly less than the national average. The annual average for 2015 was 96.3% versus the national average of 100%. The index includes six sub-indexes that vary in weight to the overall index. They are grocery items, housing, utilities, transportation, health care, and misc. goods and services. Having this type of information available is important to include in the discussions with companies seeking an area in which to locate or relocate a business, as well as in the attraction of jobs and investment. A big factor in the equation that company officials need to consider when reviewing multiple areas for business expansion or relocation is the overall cost of doing business in comparison to their current and any competing locations. For more information, please visit the council’s website at https://www.coli.org/

 
 
 
 
 
MEETINGS & EVENTS

Ribbon Cutting Ceremony to introduce a new name and look for the Yavapai Workforce Connection at the NACOG offices, 221 N. Marina Street, Prescott.  February 17, 2016 at 10:00 a.m. Please call (928) 778-142 to RSVP.
 
GPREP Board Meeting, February 22, 2016 at 3:00 p.m. at the Rock House on the Yavapai College Prescott Campus.
 
Yavapai Economic Development Roundtable sponsored by NACOG on February 24, 2016 at 10:00 a.m. at the Highland Center for Natural History.  
 
 
 
 
BOARD MEMBER PROFILE

Jack Fowler, Broker 
Jack has been in the real estate business locally since January of 1990. He is educated, skilled, and experienced in commercial real estate sales, investment analysis, and commercial property management & leasing.  He earned the coveted CCIM designation in 2001.  Jack is past president of Prescott Valley Economic Development Foundation (PVEDF) and has recently been appointed to the board of Greater Prescott Economic Partnership (GPREP). He maintains the highest standards of professionalism so Buyers, Sellers, Landlords and/or Tenants can depend on Jack to analyze, advise and represent the best interest of his clients.
 
 
 
 
 

GPREPAZ.COM INFO@GPREPAZ.COM |928-772-4883 | P.O. BOX 26838 | PRESCOTT VALLEY, AZ 86312

 
 
                  
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