Prescott Valley Economic Update - October 2014
In 2014, Prescott Valley continues its rebound from the effects of the Great Recession. Houses are again being built, new retail stores have opened, employers are expanding their operations and town government has restored the services that were reduced during the lean years.
Retail sales within the town has experienced 3 straight years of record sales and the 2014 to 2015 fiscal year will follow that trend. Over the past 15 months, retail stores such as Tractor Supply Company, Dick's Sporting Goods, Walmart, Sprouts Farmers Market, TJ Maxx, Goodwill superstore, and Ulta Beauty have opened their doors in Prescott Valley. Store openings are expected to continue over the next 12 to 18 months.
Health care continues to be a strong driver of the local economy as Yavapai Regional Medical Center's East Campus continues to add services. By far, the facility is the town's largest private employer with almost 600 employees. Mountain Valley Regional Rehabilitation Hospital continues to operate at near capacity and has provided about 190 jobs in the community.
The housing industry is beginning to get back on its feet as new single-family housing starts climb each month and the manufacturing sector saw Superior Industries complete its second expansion in less than 6 years. They now employ close to 100 people.
NAU-Yavapai, a collaboration between Northern Arizona University and Yavapai College, continues to attract more and more students and the 2 colleges are working toward the creation of a downtown campus for Yavapai College's Center of Excellence for Nursing and Allied Health within the next several years.