Retail Development

Both retaining and attracting sales tax revenue are vitally important tasks for the town's government. About 50% of the General Fund's revenue is generated by local sales taxes and the town does not levy a property tax. The town's sales tax, officially known as the transaction privilege tax (TPT), is currently 2.83%, with 0.83% reserved for road projects as well as a dedicated portion to help the police expand their force to be in line with the growth of the community. The other 2% is used to pay for services such as the police department, library, engineering, parks and general government.

The Economic Development Coordinator is responsible for developing and implementing programs that will help revitalize retail corridors, attract new businesses to the community and help the community reach its economic development goals. The office staff compiles and distributes economic data.

Over the past 10 years, such businesses as Chili's, IHOP, Panda Express, Kohl's, Home Depot, Sam's Club, Hobby Lobby, Walmart and many others have opened in Prescott Valley.

Prescott Valley Crossroads

Prescott Valley Crossroads, a 600,000 square-foot power center broke ground in 2007, with Sam's Club, Hobby Lobby, and Home Depot anchoring Prescott Valley's first regional shopping center. Dick's Sporting Goods, Sprouts, TJ Maxx, Ulta, and Ross Dress for Less were added to the center in 2013 to 2014. Men's Warehouse, Mattress Firm, Sports Clips, Chipotle, Dutch Brothers Coffee and La-Z-Boy Furniture were added in 2015 and 2016. 

Glassford Hill Marketplace

The Kohl's grand opening in the fall of 2007 marked the opening of the Glassford Hill Marketplace located within walking distance of the Prescott Valley Event Center. A Walmart Supercenter joined Kohl's at the center in 2014, as development continues in the 400,000 square-foot power center. Smaller retail tenants include Great Clips, Starbucks, Jimmy John's and Aaron's Rent to Own among others.  

Town Center & Entertainment District

Development in the town center and the entertainment district continues with Harkins Theatres and Buffalo Wild Wings anchoring the area. The 6,000-seat Prescott Valley Event Center anchors the northern end of the entertainment district and is the home of the NBA D-league's Northern Arizona Suns. The $35 million venue has played host to major-name concerts like ZZ Top, Stevie Nicks, Mannheim Steamroller, and Willie Nelson as well as sporting events like boxing and motocross, and family-style entertainment like the Harlem Globetrotters and Disney on Ice.

Economic Developer Coordinator Responsibilities

In addition to recruiting new retail businesses to the community, the Economic Development Coordinator is available to help new and existing retail businesses solve issues, promote business vitality and development and generally promote an understanding of the town's programs and goals.

The Economic Development Coordinator is the town's liaison to the business community, the Chamber of Commerce, the Prescott Valley Economic Development Foundation, and other state and local economic development agencies.

For more information, please email the Economic Development Coordinator .