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New incentives encourage retail, entertainment development in Goodyear

Post Date:06/26/2017 9:25 PM

For Immediate Release

Contact: Amy Bolton, Public Information Officer       
Office:  623-882-7053
amy.bolton@goodyearaz.gov 


New incentives encourage retail, entertainment development in Goodyear

 

City Council Work Session
March 27, 2017:
Discussion & Presentation

City Council Meeting
June 5, 2017:
Vote & Resolution


Goodyear, Ariz. (June 26, 2017)
– Retail and entertainment businesses have just received another reason to choose Goodyear for new store locations. With the passage of the Goodyear Retail and Entertainment Development Impact Fee Reduction Program on June 5, the Goodyear City Council paved the way for a fund to provide incentives to businesses locating in Goodyear.

“We’re seeing very strong residential and employment growth in Goodyear,” said Economic Development Director Michelle Lawrie. “Our growth and accessibility coupled with the fact that Goodyear has a high household median income and a streamlined development process has resulted in national employers and local entrepreneurs choosing to open and expand their businesses in Goodyear.”

Retail and entertainment venues were chosen for the program because they are the most requested businesses by Goodyear residents. The program’s goals are to accelerate the attraction of these businesses to ensure that the city has a diverse, desirable mix of development for Goodyear residents and visitors, and increase city tax revenues needed to fund vital public services. 

The program, which begins July 1, 2017 and runs through June 30, 2019, is offered on a first come, first served basis. To qualify for the program, the business or development must be 5,500 square feet or larger and be designated as a retail or entertainment use.

For more information on this and other economic development opportunities in the city of Goodyear, visit develop.goodyearaz.com, call (623) 932-3025, or email gyecdev@goodyearaz.gov.


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Goodyear Residents’ Top 10 Most Desired Retailers

  1. Trader Joe’s
  2. Whole Foods / Sprouts
  3. Costco
  4. Trendy Concept Restaurant
  5. Trendy Fast Casual Restaurant
  6. Top Golf
  7. Bowling / Game Center
  8. Upscale Steak House
  9. Chicago Based Eateries
  10. Familiar Chain Restaurant

About Goodyear
As one of the fastest growing cities in the United States, the city of Goodyear is poised to rapidly add to the current population of 78,189. Located just 20 minutes from downtown Phoenix, Goodyear is home to a strong, educated and skilled workforce. Featuring an ideal location, major transportation corridors – Interstate 10 and State Route 303 – reliable infrastructure and a low cost of living, Goodyear has attracted many major employers including Abrazo West Campus, Cancer Treatment Centers of America, Dick’s Sporting Goods, REI, and Sub-Zero and United Parcel Service (UPS). As the spring training home of Major League Baseball’s Cincinnati Reds and the Cleveland Indians, fans from across the country flock to catch the exciting action at Goodyear Ballpark. Supported by a strong median household income of $69,078 and a median age of 36.7 years, the diverse retail, dining and recreation options offer residents choices to enjoy and support the local community. According to the most recent satisfaction survey, 93% of residents rate Goodyear as a good/excellent place to live. www.GoodyearAZ.gov