HomeMy WebLinkAboutCouncil Presentation 03/03/2020-P1 - Econ Dev Update FinalEconomic Development Update
Curt Woody | Director -Economic Development
March 3, 2020
Economic Development Update
What is Economic Development?
Econ Dev 101
Economic Development Update
What is Economic Development?
Retention &
Expansion
•Grow Your
Own
•BR&E Plan
Recruitment
•Gets Most of
the Attention
•Mid Level
•Attract Diverse
Industries
Creation
•Tech Transfer –
UofA
•Culture of
Entrepreneurism
•Incubation
Economic Development Update
What is Economic Development?
•Both a Process and a set of desired outcomes
•The desired outcome is an increase in living standards and quality of life
•Series of activities taken to induce positive change in the local economy
Economic Development Update
Economic Growth vs Economic Development
Economic
Growth
Change
or
Expansion
Economic
Development Improvement
Economic Development Update
It’s Everything We Do On A Daily Basis
Healthcare Tourism Public Safety Recreation
Education &
Workforce Dev
Quality of Life Community
Beautification
Infrastructure
Economic Development Update
Various Levels of Involvement
Dove Mtn Senior Living
Ventana Medical
Carondelet Micro Hospital
Krebs
PVB Fabrication
International Towers
Modern Studios
Wicked Monkey Brewery
Economic Development Update
Tools & Collaborations
Tools
•MJCIP –Marana Job Creation Incentive Program
•DMRF –Downtown Marana Reinvestment Fund
•ACA –Arizona Commerce Authority –Incentive Packages
•Town of Marana Econ Dev Website Page
•www.selectmarana.com
•Social Media
Economic Development Update
Tools & Collaborations
Collaborations
•Sun Corridor Inc
•ACA –Arizona Commerce Authority
•Site Selection Consultants
•Commercial Real Estate Brokers
•Developers
•Pima Community College Small Business Development Center
•Architects, Builders, & Engineers
Economic Development Update
Project Industries in the Pipeline
Airport –Three Entities Interested in Building Hangars, a Jet Center, and
Corporate Headquarters on Industrial Land
Utility Co. at Tangerine & I-10
Distribution Center at Tangerine & I-10
Medical Industry –15-20 Acres at Twin Peaks & I-10
Financial Services –500 jobs at Twin Peaks & I-10
Senior Living –Silverbell & Cortaro
Economic Development Update
Economic Development Strategic Plan
Strategies Going Forward
•Fortify Marana’s Business Supportive Climate
•Invest in Infrastructure –Vacant land, but not all developable
•Recruit and Expand Our Four Target Sectors
–Information Technology -Business Services -Advanced Mfg -Logistics & Distribution
•Work with the Educational Sectors to Ensure Marana’s Present & Future Employers
can Attract the Talent they Need
•Continue to Build the Relationships Necessary for Economic Development Success
Economic Development Update
Questions