Background
Over the past several years, the Town of Prescott Valley (“Prescott Valley” or “Town”) has realized strong economic gains – laying the foundation for future economic advancement into the next decade. Public policy related to economic development indeed matters. The trajectory and quality of the future development hinges on the public policy decisions made today. These choices will not only shape the future economic landscape of the Town but also determine the sustainability and quality of development in the coming years. The 2024 Economic Development Strategic Plan outlines a comprehensive approach to enhancing Prescott Valley’s economic prosperity. The research focuses on leveraging existing resources while also introducing innovative economic development tools to help drive further advancement. A key component of the strategic plan is the detailed evaluation of the economic fundamentals that contribute to a robust and thriving economy.
