Yavapai College Regional Economic

Development Center

Regional Economic Development Center

Objectives

The objective of the REDC is to facilitate economic development across Yavapai County by providing services for business attraction, expansion, retention, and entrepreneurship. In order to provide the greatest benefit to regional economic development in Yavapai County, the REDC will focus

on activities that:

1. Support collaboration among regional economic development organizations to leverage resources and increase capacity for regional

development.

2. Support regional business development with services that assist entrepreneurs and support business expansion and retention.

3. Provide a contextually based, skilled workforce to meet the needs of regional employers.

4. Respond to the unique economic development challenges that exist in the region.

Industry Analysis

$2,985.9MEarnings (2012)

 

$1,527.7MProperty

Income (2012) 

$335.1MTaxes on Production (2012) 

$4,848.7MTotal GRP (2012) 

NAICS Industry GRP (2012) % of Total

11 Agriculture, Forestry, Fishing and Hunting $44,728,286 1%

21Mining, Quarrying, and Oil and Gas Extraction

$346,853,377 7%

22 Utilities $12,723,050 0%

23 Construction $187,436,595 4%

31 Manufacturing $250,848,410 5%

42 Wholesale Trade $226,022,390 5%

44 Retail Trade $462,461,663 10%

48 Transportation and Warehousing $91,333,459 2%

51 Information $78,134,028 2%

52 Finance and Insurance $328,464,746 7%

53 Real Estate and Rental and Leasing $401,374,560 8%

54Professional, Scientific, and Technical Services

$160,829,117 3%

55 Management of Companies and Enterprises $2,797,683 0%

56Administrative and Support and Waste Management and Remediation Services

$112,927,425 2%

61 Educational Services (Private) $105,940,142 2%

62 Health Care and Social Assistance $487,381,468 10%

71 Arts, Entertainment, and Recreation $46,685,008 1%

72 Accommodation and Food Services $228,843,424 5%

81Other Services (except Public Administration)

$117,251,510 2%

90 Government $678,121,854 14%

2013 AZSBDC State Impact

Model: Provide free one-on-one confidential counselingSubsidized workshopsAccess to a business resource library

2013 Direct Impact:186 businesses sampled494 jobs created

2013 Indirect & Induced Impact:1,072 supported jobs created$200 million in spending across the state$11 million in tax revenue

Entrepreneurial Services

Frontier Techni-Kote

Yavapai College SBDC Client since 2008

Since becoming an SBDC client the business has doubled its employment and revenue count.2013: $2.3 million in revenue2013: 34 employees

Indirect and Induced Impacts$1million in outputSupported 10 additional jobs

Rural Center for Entrepreneurship

Clients will include students, existing business owners in the trades, and pre-venture community members.

Services will include free, one-on-one confidential counseling, a series of workshops specifically oriented to business or product development in the trades, and a business resource library.

Resources will focus on product development. Specialty services for this area will include registering for intellectual property rights, commercialization of products, and contracting processes.

20 hour per week counselor to start, additional services following demand analysis May 2015

Partner with Arizona Commerce Authority Manufacturing Extension Partnership (MEP) to inventory supply chain needs throughout the county and state and assist entrepreneurs in developing products to fill supply chain needs across the state

Corporate Training

Contextual new and incumbent worker training Technical skills (electronics, firearm

manufacturing)

High demand soft skills training for critical thinking

Federal Indian Economic Development

Yavapai Apache Nation Mentorship Program Workshops on Tribal lands

Pre-venture counseling using regional analysis

Individual counseling sessions

Yavapai Prescott Indian Tribe Tribal Administration Certificate

Training for Tribal Gaming Enterprises

Leadership Academy