City of Peoria - Economic Development Services Department: EDS is designed to expedite and facilitate economic development activities in Peoria. Our aim is to build a diversified local economy that will create a strong and sustainable community in which residents are able to work, shop, and be entertained. ED’s core services are business attraction, business retention, small business, redevelopment and workforce development. Learn more at www.peoriaed.com

1. Peoria investment conference Investment and Development Opportunities in Peoria

2. Today’s Presentation Economic Development Implementation Strategy (EDIS) Peoria Assets Economic Development Initiatives Current Activities Quick Facts on Peoria Available Space Premiere Vacant Properties Economic Development Incentive and Investment Policy City Priorities

3. Peoria Investment Conference Welcome to the Peoria Investment Conference! Economic Development is the city’s priority We have a game plan We are willing to invest and have created framework to legally do so (City North compliant) We have funds to invest and a AA+ bond rating We have premiere locations ready for development We are able to help you get your project done We are looking for strategic partners to help us take advantage of key development opportunities

4. Economic Development Implementation Strategy (EDIS) 2010 Economic Development Implementation Strategy developed by Wadley Donovan Growthtech and adopted by City Council October 17, 2010 Economic Base Analysis/Targeted Industry Analysis Business Climate Assessment (SWOT) Workforce, infrastructure, available sites, transportation Retail Potential Analysis Program and Plan Exploration

5. EDIS Key Findings Workforce Technologically-skilled; High knowledge workforce Diversified occupational base matching or exceeding natl. avg. for US Dept. of Labor’s 23 occupational categories Much higher than natl. avg. in 2-yr and certifications (39%); slightly lower than the natl. avg. for 4-yr degrees 93% out-commute for jobs Young, flexible, strong basic skills

6. EDIS Key Findings Economic Base 42% in retail, food service, and accommodations 19% in health care 9% in construction Shortage of engineering degree programs Recruiting difficulties for highly specific jobs NOT DIVERSIFIED

7. EDIS Key Findings Infrastructure Assets Public water and sewer services that meet current development needs, and excellent planning of and investment in future capacity Electric power availability and costs that support future economic development Availability of natural gas service at reasonable prices Telecommunications services that meet business needs Strong transportation assets – Interstate overnight access to multistate regional markets Available land and good short-term inventory of space

9. High performing public schools. The Peoria Unified School District has higher graduation rates and lower dropout rates than the state average

11. Strategic Initiatives and Current Situation University Recruitment Higher education feasibility study in 2010 resulted in 31 universities naming Peoria as possible site for future expansion Contract with university recruiter Exclusive negotiating agreement with Ottawa University for residential campus at Peoria Place

12. 4 University Locations

13. Strategic Initiatives and Current Situation Investment Zones Zones to stimulate targeted development through city direct investment (public investment as well as development incentives) and aggressive development partnerships Emphasis on redevelopment and catalytic economic opportunities

15. Old Town

16. Loop 303

17. Plaza del Rio/Loop 101

19. Strategic Initiatives and Current Situation Business Assistance Program Add more resources to existing small business and business retention programs Strategic Land Assembly Identify and secure key parcels for targeted development focusing on investment zones Medical Device Incubator Proposed opening Q4 2011 Partnership with BioAccel and CORE Institute

20. Quick Facts on Peoria: Entertainment District 2010 – Adopted Urban Redesign Master Plan targeting infill development 35 acres of public parking / 20 acres of vacant land

21. Quick Facts on Peoria: Entertainment District Contracted with Gensler in October 2010 to create identity for the area, improve connectivity, establish location as destination 2009 Avg. HH Income = $81,455 29% of HH Incomes in 2009 > $100k 260,000 people in 10-minute radius ADTs for Loop 101 = 127,000; Bell Rd = 69,000

22. Quick Facts on Peoria: Entertainment District RFP out for the Sports Complex parking lot (17 acres). Proposals due January 24th Current development project “It’s All in the Game”

23. Quick Facts on Peoria: Old Town University Recruitment at Peoria Place single most important economic catalyst in Old Town City investing $80 Million in physical improvements Commercial Rehabilitation Program committed to pay 100% of improvements to Old Town Commercial Properties 2009 average HH Income = $69,009 300,000 people in 10-minute radius ADTs for Hwy 60 (Grand Ave.) = 30,000; Peoria Ave. = 18,952; 83rd Ave. = 15,000

24. Quick Facts on Peoria: Northern Peoria Loop 303 scheduled to open this Spring – connects I-10 to I-17 Population growth rate projected 4.5% (2009 10-minute radius = 33,452) 2009 average HH Income $87,897 39% of HH Income’s in 2009 > $100k Vistancia Master-Planned Community

25. Available Space - Industrial Empire Business Center (NEC Cactus & 91st Avenue) 44,000 SF available Loop 101 access – freeway visibility Western Maricopa Enterprise Zone

26. Available Space - Industrial Cabot Commerce Center (NEC Cactus & Loop 101) 200,000 SF available – 24’ ceilings Loop 101 access – freeway visibility Western Maricopa Enterprise Zone

27. Available Space - Industrial Hi-Macs Bldg. (8009 W. Olive) 50,000 SF available – 24’ clear heights Fenced Paved Yard Western Maricopa Enterprise Zone

28. Available Space - Industrial Arrowhead 101 Business Park (NWC Loop 101 & Thunderbird) 300,000 SF available – 24-30’ clear heights Freeway visibility Adjacent to Rio Vista Park

29. Available Space - Office Lake Pleasant Medical Plaza (10204 W. Happy Valley Rd.) 25,000 SF Class A medical office space 3 miles from Loop 303 ¼ mile from 1.5 million SF of retail

30. Available Space - Office Thunderbird Office Park @ 101 (NWC 83rd Avenue and Thunderbird) 63,000 SF Class A office space 1 mile from Loop 101 Built-out spec suites available

31. Available Space - Office Peoria Center at Arrowhead (SEC 83rd Avenue and Paradise Lane) 14,000 SF Class A office space 1/2 mile from Loop 101 In Entertainment District

32. Available Space - Retail Lake Pleasant Pavilions (SWC Lake Pleasant & Happy Valley Road) 40,000 SF, including 20,000 anchor Super Target Anchor Draws from Upscale Communities 2009 pop. in 10-min radius was 33,452 2009 HHs with Incomes > $100k = 39% Intersection has 1.5 Million SF of Retail

33. Available Space - Retail Harley Davidson (16130 N. Arrowhead Fountains Center Dr.) 35,500 SF Immediate access to Loop 101 Entertainment District 2009 pop. in 10-min. radius = 259,564 2009 HHs with Income > $100k = 29%

34. Available Space - Retail Park West (NWC Loop 101 and Northern Ave.) 25,000 SF and 7 PADs Immediate access to Loop 101; 2 mi. north of WestGate Mixed use, open air shopping and dining 2009 pop. In 10-min. radius = 35,519 2009 Avg. HH Income = $72,838

35. Premiere Available Properties Loop 101 Opportunities Saxa Property at Park West: 16 acres Northern/115th: 135 acres 95th/Olive: 16 acres 107th/Olive: 10 acres Empire Business Park: 4 PADs = 35 acres Plaza del Rio Health Care Campus: 55 acres

36. Premiere Available Properties Old Town/ Industrial Opportunities – both rail served Rovey Property: 107 acres Mountain View: 20 acres Triad Steel: 18 acres

37. Premiere Available Properties Loop 303 Opportunities Vistancia Commercial Core: 500 acres Sewer – available capacity = 1.65 MGD Water – available capacity = 3.0 MGD (4.8 MGD by end ‘11) Power – available capacity = 8-10 mW; expansion to 40 mW in 9-12 months Tierra del Rio: 75 acres

38. Premiere Available Properties Lake Pleasant Opportunities @CAP canal: 59 acres Westwing Village: 54 acres Promenade: 14 acres @ Jomax: 23 acres @ Yearling: 45 acres @ Pinnacle Peak: 100 acres on 3 corners Happy Valley/95th Ave: 173 acres

39. Economic Development Incentive and Investment Policy (EDIIP) Adopted December 2010 to formalize city’s intent to pursue targeted economic development EDIIP establishes a framework for the city to directly invest in and assist with business attraction, retention and expansion, and redevelopment as well as ROI template

40. Economic Development Incentive and Investment Policy (EDIIP) Investment Tools identified: Enterprise Zone Industrial Development Authority Foreign Trade Zone City Direct Investment Lease Revenue Bonds Tax Abatement Government Property Lease Excise Tax (GPLET) Maricopa County Economic Development Fund

41. Economic Development Incentive and Investment Policy (EDIIP) Eligible Projects Include: 1. Capital Investment (min. $250,000) 2. Number of jobs created (min. 10) 3. Average salary (min. $50,000 plus benefits) 4. Average education level required (min. 4-yr degree) 5. Targeted industries (manufacturing, business services, healthcare/bio, back office, higher ed, R&D, high tech) 6. Redevelopment projects serving to economically reposition unused or underutilized blighted properties

42. Priority Old Town Projects Peoria Place (126 acres) Peoria Town Center (22.5 acres) Smitty’s Center (7.5 acres) Goodwill Center (9 acres)

43. Priority 101 Frontage Project Saxa Property at Park West (16 acres)

44. Priority Entertainment District Projects Sports Complex Parking Lot (17 acres) Entertainment District Redevelopment Opportunities

45. Priority Northern Peoria Project Vistancia Commercial Core (500 acres) Sewer – available capacity = 1.65 MGD Water – available capacity = 3.0 MGD (4.8 MGD by end ‘11) Power – available capacity = 8-10 mW; expansion to 40 mW in 9-12 months

46. Priority Medical Campus Projects Plaza del Rio (55 acres)

47. Peoria Priority Projects Lake Pleasant Parkway and the Loop 303 (1 square mile of state-owned land)

48. Conclusion Economic Development Strategy in place Strong workforce Initial success in both higher ed and health care Many development opportunities Priority redevelopment projects Aggressive and focused City Council Established Incentive Policy

49. We invite YOU to build something with us. Scott Whyte Director, Economic Development Services 623-773-7738 Scott.whyte@peoriaaz.gov www.peoriaed.com