TITLE
The Mayor and City Council shall hear presentation from the Greater Phoenix Economic Council and possibly take action to approve an updated agreement between the Greater Phoenix Economic Council and the City of Maricopa, in the amount of $25,853 to be paid from the Fiscal Year 2013-14 General Fund, Economic Development, Membership and Dues (10011616-55510). Discussion and Action.
AGENDA ITEM DESCRIPTION
This contract represents an ongoing relationship with as well as service delivery from the Greater Phoenix Economic Council (GPEC).
GPEC works in partnership with 22 member communities and over 160 private-sector investors to attract quality businesses to the Greater Phoenix Region from around the world, and advocate and champion foundational effects to improve the region's competitiveness. As an independent 501c3 non-profit corporation, GPEC receives approximately 40 percent of funding from the public sector and 60 percent the private sector; public sector funding is based on population. The City of Maricopa contract amount of $25,853.00 is calculated by utilizing a per capita rate of $.5752, based upon the 2012 Office of Employment and Population Statistics, Arizona Department of Administration population estimate, which listed the City as having a population of 44,946.
Between July 1, 2012 and May 8 of 2013, GPEC has assisted 23 locates, creating 3,848 jobs, $378M in capital investment, and $154M in new payroll while absorbing 3.04M square feet of commercial space in its service area.
In addition to satisfying the Scope of Services in the 2012/13 agreement, Maricopa’s work with GPEC and benefit from partnership in the past year has been significant:
1. Maricopa had the opportunity to respond, along with all other member communities, to all GPEC prospect inquiries generated that we could satisfy minimum site requirements for; one submittal in 2013 resulted in a company site visit courtesy of GPEC which is still evaluating the Maricopa market
2. Sta...
Click here for full text