Welcome to Prescott, Arizona

Prescott Economic DevelopmentIf you are seeking a great place to grow your business with the added benefit of a great place to live, welcome to Prescott, Arizona.

Surrounded by the world’s largest stand of Ponderosa Pine, Arizona’s 3rd largest metro area is located in north central Arizona 90 miles north of Phoenix. Boasting a four-season climate with average daily temperatures 15 to 18 degrees cooler than Phoenix, the high desert climate delivers a wonderful living environment that continues to attract people from throughout the U.S. Prescott video.

Companies find that Prescott delivers key assets that make the City a smart place to do business. Prescott is a proven market with 38,000 City-based employees and the region’s leading private employers. The City of Prescott is at the heart of the region’s more than 98,000 workers. If transportation is important to your corporate operations, all roads lead to Prescott. Prescott’s Ernest A. Love Field provides air access with three runways and daily non-stop flights to Los Angeles. Businesses that host overnight clients will find more than 1,300 hotel rooms in Prescott with more to come. Finally, if your needs are for real estate, Prescott has more than 700 acres of land zoned for light industrial and office use. Several light industrial buildings are also available for lease.

Prescott has more than 4,500 businesses.  Leading private employers are Yavapai Regional Medical Center, Sturm Ruger & Co., and Cobham Aerospace Communications. Regional employment stands at nearly 60,000.  Further underpinning Prescott’s economic development strengths are five higher education institutions.

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So, what is the Prescott value proposition for business?
  • People want to live in Prescott - the area labor force continues to see an influx of new residents because of the City's high quality of life reputation. This is of real value to companies seeking to recruit talented workers from throughout the U.S. More than 5,100 people are currently seeking employment in the metro area and county.
  • Low cost of doing business - Prescott offers a low cost of doing business due to low property taxes, land costs well below those in metro Phoenix, entry level wages for production workers below $12.00 per hour, and manufacturing/distribution space at less than $6.00/sq. ft.
  • Ready supply of Industrially-zoned land - Prescott offers more than 700 acres of zoned land to accomodate light manufacturing and distribution operations. The acreage is in the Airport Area and supplements the light industrial property presently available in the Prescott Regional Airpark and Commerce Center. If the need is 1 acre or 100 acres, it is available.
  • Easy access for vendors and suppliers - Prescott is an easy 90 mile drive from Phoenix via I-17 and SR 69. I-40 is a 40 minute drive north of Prescott. Facility and market access is further aided by Prescott Municipal Airport. The airport's main runway (3R-21L) accommodates most corporate aircraft.
  • Higher education - A talented workforce needs continuous learning opportunities. Prescott is home to five higher education institutions; Embry-Riddle Aeronautical University, Northern Arizona University, Prescott College, Old Dominion University, and Yavapai College. These institutions offer graduate and undergraduate degrees, associate degrees, certificates, and continuing education credits (including on-line classes).  Yavapai College and Northern Arizona Gouncil of Governments (NACoG) are your partners for skills training.
  • Planning a future for business - Prescott is planning a dynamic economic future with business in mind.  The City has completed a visioning process to serve as a roadmap for developing a live, work, and play environment on nearly 8,000 acres surrounding the Prescott Municipal Airport.  This effort assures companies the ability to site and grow their businesses well into the future with hundreds of acres of land zoned for manufacturing, distribution, and office operations.