Prescott LIVING Magazine
No Result
View All Result
Prescott LIVING Magazine - Click for Current Issue
  • Inside
    • Voices
    • Special Sections
      • 40 Under 40
      • Annual Photo Contest
        • People’s Choice Photo Winners
      • Best of Greater Prescott
      • Everyone Can Be a Hero
      • Holiday
      • Medical, Health & Wellness
      • Men of Vision
      • New Year, New You
      • Relocation
      • Wealth Management
      • Weddings & Events
      • Women in Leadership
    • Up Front
      • City Speak
    • BIZ
    • YOU
      • Out & About
      • Beauty & Style
      • Health, Happiness & Education
      • Education
      • Pets
      • Home
        • Home & Garden
    • FUN
      • Arts & Culture
      • Outdoor Adventure
      • Restaurants
        • Pizza
      • Travel & Tourism
    • The ROX Interview
    • Prescott Pioneer Local News
    • Q & A
  • Current Issue
  • Community Calendar
  • Past Issues
  • Subscribe
    • eNewsletter & Digital Edition Subscription
  • Inside
    • Voices
    • Special Sections
      • 40 Under 40
      • Annual Photo Contest
        • People’s Choice Photo Winners
      • Best of Greater Prescott
      • Everyone Can Be a Hero
      • Holiday
      • Medical, Health & Wellness
      • Men of Vision
      • New Year, New You
      • Relocation
      • Wealth Management
      • Weddings & Events
      • Women in Leadership
    • Up Front
      • City Speak
    • BIZ
    • YOU
      • Out & About
      • Beauty & Style
      • Health, Happiness & Education
      • Education
      • Pets
      • Home
        • Home & Garden
    • FUN
      • Arts & Culture
      • Outdoor Adventure
      • Restaurants
        • Pizza
      • Travel & Tourism
    • The ROX Interview
    • Prescott Pioneer Local News
    • Q & A
  • Current Issue
  • Community Calendar
  • Past Issues
  • Subscribe
    • eNewsletter & Digital Edition Subscription
No Result
View All Result
Prescott LIVING Magazine
Prescott LIVING Magazine - Click for Current Issue
Home Up Front

BUILDING A BALANCED ECONOMIC DEVELOPMENT PLAN

October 2, 2017
325
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

by Charlie Tardibuono, Business and Technology Developer and Jim Robb, Economic Development Technology Consultant, City of Prescott Economic Development
Carefully planning for economic growth can yield much needed revenue while protecting our identity and our future. Soon, a specific approach to bolstering the economy in the greater Prescott area (GPA) will be proposed to key civic leaders. This plan, “The GPA Economic Development Plan for Technology,” revolves around building a technology center where advanced software products – based on research and development of local colleges and universities – will be established. Small startup companies will take residence in the center and build companion products, establishing a hub of technical development and creating high-end jobs for area citizens. In short, a sector of the area’s economy will be established based on expanding the current technology industry.
This business model, while sound in business reasoning and economic principles, is borne out of a need to create jobs in this sector of the economy, but also out of a love of the greater Prescott area. Balanced economic growth can be achieved in the area and is driven by a serious commitment to area residents.
Growth does not mean the demise of the charm of the greater Prescott area communities. Instead, it means that carefully planned growth will preserve and enhance the amazing qualities that draw so many to the area. Growth – tempered by a desire to see healthy progress – is at the heart of the “GPA Economic Development Plan for Technology.”
Six primary factors frame the approach of the plan:

  1. Build upon GPA city planning strategies, resources and city strengths
    Among the greatest assets in developing the economic plan for technology was the information written into the various city plans. The strategic goals and identification of resources (including limitations of resources) was carefully considered in the writing of the technology development plan.
  2. Optimize development from within the GPA
    While the GPA city plans propose strategy for drawing businesses to the area, the “GPA Economic Development Plan for Technology” departs from this approach. It is believed that a better, quicker method of stirring economic growth begins with assets found locally. One such set of assets is local colleges and universities – human resources as well as intellectual property. As the plan matures, local suppliers and businesses will be identified to contribute optimally to the implementation of the plan.
  3. Retain local youth as lifelong contributors to the GPA heritage and economy
    It has become clear that area residents are aging and young people are leaving, for the most part. Regardless of the reasons for this exodus, a goal of the technology development plan is to keep local students in the area by aiding them in their career planning. From high school to college and then into the tech industry, this human resource is a powerful asset that will contribute to healthy economic growth.
  4. Preserve our culture and heritage
    While the scope of the technology development plan does not specifically deal with the cultural arts nor the direct preservation of the heritage of our communities, the plan in no way will impinge on the character of what makes the area what it is. Instead, developing youth to join the local economy will bring with it not only increased revenue, but these contributing residents will have a deep appreciation of the history and qualities of the area.
  5. Feed the local economy
    Implementation of the technology industry from many existing companies or those that are spawned by the industry will have the benefit of optimizing the revenue generated by locally based businesses.
  6. It’s about the residents
    In the end, the foundation framed within the “GPA Economic Development Plan for Technology” is designed to benefit all residents in the local communities. From the youth preparing to enter the workforce, to those currently in the workforce, to retirees – all will benefit from the positive impact of this plan.

These six points set the foundation for the proposed solution of the “GPA Economic Development Plan for Technology.” To see a successful implementation of an economic plan and to realize the optimal results, a broad spectrum of factors must be considered. To be clear, the strategies and the business planning to establish a more balanced economy is extremely important. However, defining the plan based on a love for the legacy and residents of the greater Prescott area is crucial.

Previous Post

LEADERSHIP EVERY DAY

Next Post

CITY SPEAK: LOOK WHAT WE STARTED

Next Post

CITY SPEAK: LOOK WHAT WE STARTED

Join our Newsletter

Prescott LIVING eNewsletter Subscription

No Result
View All Result
Cover for Prescott Living Magazine
11,579
Prescott Living Magazine

Prescott Living Magazine

Come & enjoy the local scene in Prescott Arizona!

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
Prescott Living Magazine
17 hours ago
Prescott Living Magazine

Did you know that the 'Tis Art Center and Gallery offers the STEPS Art Education Program for Children? The classes take place in the 'Tis Annex Art Education Building, located at 235 N. Marina St. in Prescott. There are summer programs coming up in June, July, and August. The classes are free and include tuition and art supplies, with class size limited to 8 students. Please visit the 'Tis website for class details.
... See MoreSee Less

STEPS Art Education Program for Children | 'Tis Art Center & Gallery

www.tisartgallery.com

STEPS Art Education Program for Children in the ‘Tis Annex Building 235 N. Marina St. Prescott, AZ 86301 ‘Tis Annex Art Education Building 235 N. Marina FREE art education classes taught by profes...
View on Facebook
· Share
Share on Facebook Share on Twitter Share on Linked In Share by Email
Prescott Living Magazine
2 days ago
Prescott Living Magazine

If you love art then downtown Prescott is the place to be today! The Phippen Museum's 49th Annual Western Art Show & Sale is on today from 9-3 at the Courthouse Plaza, and the Off-Street Festival will also be open from 9-3. The community art festival is taking place outdoors behind the Prescott Chamber of Commerce at 117 W. Goodwin St.
The Phippen Museum of Western Art is offering free admission today from 10-3.
... See MoreSee Less

View on Facebook
· Share
Share on Facebook Share on Twitter Share on Linked In Share by Email
Load more
It’s About LOCAL – ADVERTISE WITH US

© 2022 ROX Media •  Privacy Policy
info@roxco.com • 130 N. Granite St. • Prescott, AZ 86301 • 928.350.8006
CORPORATE OFFICE: 1919 N. Trekell Rd.,  Suite C •  Casa Grande, AZ 85122

No Result
View All Result
  • Inside
    • Voices
    • Special Sections
      • 40 Under 40
      • Annual Photo Contest
      • Best of Greater Prescott
      • Everyone Can Be a Hero
      • Holiday
      • Medical, Health & Wellness
      • Men of Vision
      • New Year, New You
      • Relocation
      • Wealth Management
      • Weddings & Events
      • Women in Leadership
    • Up Front
      • City Speak
    • BIZ
    • YOU
      • Out & About
      • Beauty & Style
      • Health, Happiness & Education
      • Education
      • Pets
      • Home
    • FUN
      • Arts & Culture
      • Outdoor Adventure
      • Restaurants
      • Travel & Tourism
    • The ROX Interview
    • Prescott Pioneer Local News
    • Q & A
  • Current Issue
  • Community Calendar
  • Past Issues
  • Subscribe
    • eNewsletter & Digital Edition Subscription

© 2022 ROX Media