Retail Development

Both retaining and attracting sales tax revenue are vitally important tasks for the town's government. About 40% of the General Fund revenues are 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 2.33%, with the 0.33 reserved for road projects. The other 2% is used to pay for services such as the police department, library, engineering, parks and general government.

The Economic Development Manager 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.

In just the past few years such businesses as Chili's, IHOP, Panda Express, Kohl's, Home Depot, Sam's Club, Hobby Lobby 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, and Ulta were added to the center in 2013 to 2014.

The Kohl's grand opening in the fall of 2007 marked the opening of Glassford Hill Marketplace located within walking distance of the Prescott Valley Event Center. A Wal-Mart Supercenter joined Kohl's at the center in 2014, as development continues in the 400,000 square-foot power center.

Town Center & Entertainment District
Development in the town center and the entertainment district continues with such establishments as 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. 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 Manager Responsibilities

In addition to recruiting new retail businesses to the community, the Economic Development Manager 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 Manager 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 Manager.