Toolbox for Small Town Economic Development

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Presentation transcript:

Toolbox for Small Town Economic Development League of Arizona Cities and Towns Annual Conference August 22, 2016

Mignonne Hollis, Executive Director Arizona Regional Economic Development Foundation Danielle Casey, Economic Development Director City of Scottsdale Julie Engel, President and CEO Greater Yuma Economic Development Corporation John Saltonstall, Business Retention and Expansion Manager City of Flagstaff Susan Hyatt Dumon, Vice President, Business Expansion - Moderator Arizona Commerce Authority

Arizona Association for Economic Development (AAED) serves as Arizona’s unified voice advocating for responsible economic development through an effective program of professional education, public policy, and collaboration.

What is Economic Development? A program, group of programs, or activity that seeks to improve the economic well-being and quality of life for a community through efforts to create and retain jobs, facilitate growth, and provide a stable tax base.

How does your region define Economic Development? Business Retention New Business Attraction Infrastructure Development Retail Small Business Development, Economic Gardening

MUST HAVE’s for Economic Development Economic Development Strategic Plan SOME FUNDING and a dedicated practitioner (regardless of the organization they work for) Understanding your target industries – Manufacturing? Logistics? Tourism?

Federal Tools and Opportunities Community Development Block Grants Small Business Administration USDA Rural Economic Development Grants/Rural Business Opportunity & Enterprise Grants

State Tools and Opportunities Redevelopment Districts, Single Central Business Districts, & Government Property Lease Excise Tax Greater Arizona Development Authority/ Water Infrastructure Authority Arizona Commerce Authority – Certified Sites, Rural Economic Development Grant, Qualified Facilities Tax Credit, Quality Jobs Tax Credit, Job Training

Networks and Training Opportunities Small Business Development Centers Chambers of Commerce Arizona Association for Economic Development Online tools and programs (Arizona Prospector, Size Up, MAP Dashboard, MAG State Demographic Tool etc.) Shop Local programs, associations and strategies

Thank you! For more information on the Arizona Association for Economic Development visit: aaed.com