Peoria Economic Development Group
Community Assessment- Peoria is an emerging city in Northwest Metropolitan Phoenix. It is a community recognized for its high quality of life, outstanding recreation opportunities, an excelling school system and low cost of living. It has experienced tremendous growth. Since 2000, Peorias population has increased by 36.2 . We have taken aggressive steps forward to achieve our economic development goals: strategic plan, investment policy, and amenable City Council. EDS Strategy We have financial resources to invest, a City Council focused on Economic development, a Council adopted strategy, a skilled workforce in a diversified set of industries, an abundance of available land and room to grow, access to transportation and an excelling school system.
Our Economic Key Assets- A population that continues to grow. The current population base is projected to increase by 15.2 to 170,053 in 2014. Access to a large and growing labor force. Because labor markets do not stop at political boundaries, employers in Peoria draw workers form a much greater area than within City limits. No gaps between supply and demand Strong educational values. The educational levels of City residents are comparable to state and national averages and exceed levels seen in West valley as a whole. High household incomes with favorable distribution patterns. The median income is well above the national, state and county norm. A young workforce. Median age for the Citys commute zones are well below the national norm. A diversified occupational base A strong base of high knowledge occupations A flexible labor market A strong post secondary educational base Modest labor costs Highly accessible location. An accessible transportation infrastructure and services that support economic development Excellent utility and public services A reasonable short term inventory of land for business development with a good mix of sizes and allowed uses by zoning. Additionally business development areas associated with Loop 303 A reasonable inventory of available buildings for industrial, office and retail use. An expedited Plan review process ( Engineering Dept) and a fast Track development Process Part of Western Maricopa Enterprise Zone- offering tow types of benefits- income or tax credits and property tax reduction Quality of Life is very good to excellent for families Low Crime rate Excelling public and private schools Housing at multiple price points
EDs core services are business attraction, business retention, small business, redevelopment and workforce development. o Site selection- We research sites to help you pick the best location we can guide you to the best location in the city for your project as well as clarify zoning and land use up front. o We provide information on demographics as well as investment zone or enterprise zone benefits that your site may be eligible for we provide information that will help you make a decision on location as well as potentially reduce capital and/or operational costs o We provide incentives for our targeted industries to locate as well as facilitate connections to state resources and incentives We can help reduce capital and operational costs by investing in your project. o Permit navigation- We ensure the best customer service through the city permit and plan review process we make the process easy we are a one-stop shop with one point of contact o We offer small business seminars to provide information on starting and growing a business we can help you get started and make your business successful
About City of Peoria - Economic Development Services Department: EDS is designed to expedite and facilitate economic development activities in Peoria. We will continue to build a diversified local economy that will create a strong and sustainable community in which residents are able to work, shop, and be entertained. EDs core services are business attraction, business retention, small business, redevelopment and workforce development. Learn more at www.peoriaed.com