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Prescott Valley Tribune | Prescott Valley, Arizona

home : latest news : latest news March 26, 2015

1/20/2014 7:58:00 AM
Prescott Valley economy gains momentum, numbers show

Briana Lonas

A brief progress report from Prescott Valley's economic development manager Greg Fister revealed the latest numbers indicate a strong second quarter for the fiscal year that began in July.

Retail sales are up 11.3 percent, restaurant sales up 12.2 percent, hotel sales up 11.1 percent and construction is up 102 percent from last year, Fister said, adding that he expects construction on seven new commercial buildings this year, in addition to those already in the building stages.

According to Fister, since July 1, the town clerk has issued 137 new business licenses. Between 2012 and 2013 the town saw new commercial projects valued at $33 million. From 2010 and 2011, that commercial value totaled $24 million. Fister said the town also issued permits for commercial improvements, such as additions to existing properties. In 2012 and 2013, those commercial improvements, coupled with tenant improvements, equaled a value of $13 million, compared to the $6 million set from 2010 and 2011.

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Reader Comments

Posted: Wednesday, January 29, 2014
Article comment by: Tired of business as usual...

Don't let the town government hear about this or they'll find a way to mess it up...

Posted: Friday, January 24, 2014
Article comment by: Economy is growing Anonymous

As a manager of a local business it is growing at a substantial rate. And any businesses that are closing are not noticeable. 4-5 years ago you could count a handful every week closing. It might not be rocket science but they got it right.

Posted: Monday, January 20, 2014
Article comment by: Not on the inside.

What these reports don't show is how many businesses went belly up in 2013!! Lets be realistic when showing supposed economic growth please. If 5 businesses open up but 6 close then we are still at a net loss. This is not rocket science folks.

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