Prescott 2050

Economic Development Interim Report

INTERIM REPORT TO STEERING COMMITTEE - PRESCOTT2050 - 9/25/08
ECONOMIC DEVELOPMENT STUDY GROUP Page 1
1) OVERVIEW
Our Study Group has used the scenario method to describe our findings on the themes/factors that might impact the future economic growth of the City of Prescott. The scenario approach allows us to convey the interrelationships of these factors as well as the breadth of the issue of future economic development. Buried in the Scenario are the recommendations/projects, some of which are specific enough to allow suggested actions.  A copy of the Scenario, titled “Moving to Prescott in 2030 – A Vision” is included, but it is always undergoing revisions. At the request of the Steering Committee we have added a new “vision statement” that is more comprehensive.

Our work will ultimately be reported, based on the Scenario, with the following format:
* Themes/ Factors, overarching issues that impact economic growth positively or negatively
* General Recommendations that are not specific enough to result in suggested actions
* Specific Recommendations/Projects with recommended actions and time-tables

This interim report will focus on “Themes and Factors” and some “General and Specific Recommendations/Projects”. Possible overlaps with other Study Groups will be identified in both areas. Time-lines will be suggested for the General and Specific recommendations/projects, where appropriate. Please recognize that these are preliminary and also that there are additional recommendations/projects to follow.

MR, 9/25/08

INTERIM REPORT TO STEERING COMMITTEE – PRESCOTT2050 – 9/25/08

ECONOMIC DEVELOPMENT STUDY GROUP Page 2

2) THEMES/FACTORS & RELATIONSHIPS STUDY GROUP OVERLAPS
A) Capital availability, revenue, and tax policies Funding, Smart Growth, Open
Space. Transportation, Downtown
Planning, Housing
B) Infrastructure development Water, Transportation, Downtown
Planning, Open Space, Housing
C) Regional planning and implementation Funding, Smart Growth, Water,
Housing, Transportation, Airport
D) Education and job skills Youth, Aging, Funding
E) Jobs Aging, Ambiance, Smart Growth,
Downtown Planning, Housing,
Transportation , Youth
F) Quality of life Aging, Ambiance, Smart Growth,
Downtown Planning, Transportation
G) Limited resources Water, Transportation, Open Space,
Smart Growth, Ambiance

MR, 9/25/08

INTERIM REPORT TO STEERING COMMITTEE – PRESCOTT2050 – 9/25/08
ECONOMIC DEVELOPMENT STUDY GROUP Page 3

3) PROJECTS TIME (Near #, Medium##, Far###) OTHER STUDY GROUPS
5-10 10-20 20-40
* TRANSPORTATION Transportation, Airport, Funding
Regional Light Rail, PPP ### Smart Growth
Mass Regional Transit #
I17 + Prescott Ext., PPP ##
*FUNDING & TAXES Funding
Public/Private/Partnerships (PPP) # ## ###
Yavapai Development Bank #
Regional sales tax cooperation ##
* EDUCATION Youth, Funding, Aging, Smart
Magnet High School, PPP, JTED # Growth
Mentoring K-12 w/volunteers #
Yavapai College 4 year degrees # ##
* WATER Water, Smart Growth, Funding
Increase cost-based rationing #
Support importation, PPP # ## ###
Monitor exempt well usage # ## ###
* ENERGY Ambiance, Climate Change,
Green Building Code # Funding, Housing
Promote local solar, wind generation # ## ###
Support electric/hybrid vehicles # ## ###
*TELECOMMUNICATIONS Ambiance, Smart Growth, Housing
Increase telecomm. staff # Downtown Planning
Improved regional access/reliability #
Broadband (FTTX), PPP ##
* JOBS Aging, Ambiance, Downtown
Increase IT, technology, health jobs # ## ### Planning, Housing
Develop technology parks/centers # ##
Develop skills database #
* QUALITY OF LIFE Aging, Ambiance, Cultural Affairs.
Promote sustainable living # ## ### Smart Growth, Downtown
Suicide national hot line # Planning, Funding, Housing, Open
Prevent Child Abuse Call Center,PPP # ## Space, Transportation, Water
Regional Social Services Group ##
Promote affordable housing, PPP # ## ###
Promote integ. work/housing, PPP ## ###

PPP = Public/Private/Partnerships MR, 9/25/2008