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 Prescott Valley Economic Profile

Prepared by the Arizona Department of Commerce

Prescott Valley, located between the Bradshaw and Mingus mountains, is one of Arizona's fastest growing communities, with a population increase from 17,500 to 35,000 since 1996. Prescott Valley is part of what is known as the quad-city region whose population is estimated at 120,000 (2006). Despite the Town's Growth, Town leaders say Prescott Valley will never lose its small town, friendly approach to people and business.

 

FOUNDED: 1966
COUNTY: Yavapai County
Elevation: 5,100 Feet
Incorporated: 1978
Nearby Highways: I-17, I-40, SR 69, SR 89, SR 89A, SR 169
Enterprise Zone Available/REDI accredited community
Distance to Major Cities:
Phoenix: 87miles
Tucson: 186 miles

 
Population
 199020002006
Prescott Valley8,90423,53535,740
Yavapai County107,714167,517213,285
Arizona3,665,2285,130,6326,305,210
Sources: Arizona Dept of Economic Security & U.S. Census Bureau

 

Principal Economic Activities
The area's economy is comprised of industry, manufacturing, retail and service businesses. These businesses are growing.  A planned new downtown, regional shopping center and cross-town highway will offer new opportunities.  A state of the art sewage treatment plant, sewer system, natural gas and road project will take the community well into the 21st century.  Another long-range plan has been completed, which included a police facility, and civic center with a courtroom and library.
County Employment 2006
Trade, Transportation & Utilities 12,300 
Government 11,500 
Mining & Construction  9,200
Accommodation and Food  6,892
Educational & Health Srvs  8,900
Leisure and Hospitality  7,900
Professional & Business Srvs  5,200
Manufacturing  3,800
Financial Activities  2,400
Other Services  1,900
Information    600
Source: Az. Dept of Economic Security and U.S. Census Bureau
 
Major Private Employers
AAE
Arizona Public Service
Prescott Newspapers
Ace Retail Support Center
 BetterBilt-Div.MI Home Products
Major Public Employers
Arizona Dept. of Transportation
Town of Prescott Valley
Humboldt Unified School District
 

 

 

Labor Force Data
 199020002006
Civilian Labor Force3,7776,00213,446
Unemployment153150495
Unemployment Rate4.1%2.5%3.7%
Sources: Arizona Department of Economic Security
 
Growth Indicators199020002006
New Building Permits1,0742,6581,550
Taxable Sales ($)$56m$229m$586.4m
Net Assessed Valuation ($)$29m$117m$259m
Sources: Ariz State Univ, Arizona Dept of Revenue, AZ Tax Research Foundation
 

 

Scenic Attractions
Prescott Valley offers many recreational opportunities, including Massick Family Castle on the Creek, Fitzmaurice Indian Ruins, 10 public parks, a community recreation center featuring a public swimming pool with a 100-ft slide, Olympic-style soccer and softball fields & facilities for basketball, tennis and picnics, a 16-lane bowling alley and 4 nearby golf courses. Mountain Valley Park's amphitheater has concerts and entertainment during the summer.  Fain Park and Prescott National Forest offer hiking, biking, backpacking, fishing and camping.  Nearby Fain Lake, Lynx Lake and Goldwater Lake are stocked with fish, and canoes or rowboat rental is available.  Tim's Toyota Center, opened in November 2006, is the home to the Central Hockey League's Arizpna Sundogs. Concerts, as well as sporting events, like boxing and motocross, and family-style entertainment, like Disney on Ice are examples of the arena will acccommodate.

 

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