Greater Yuma Economic Development Corporation 899 Plaza Circle, Suite 2, Yuma, Arizona 85365 Telephone 928.782.7774 Fax: 928.782.7775 Website: www.greateryuma.org BLANK PAGE ON BACK OF FRONT COVER TABLE OF CONTENTS Contents Message from the Chairman of the Board Message from the President Business Development Report Business Retention and Expansion Report Economy Catalysts Financial Statements BLANK PAGE ON BACK OF TABLE OF CONTENTS MESSAGE FROM THE CHAIRMAN BLANK PAGE ON BACK OF CHAIRMAN MESSAGE FROM THE PRESIDENT BLANK PAGE ON BACK OF CHAIRMAN BUSINESS DEVELOPMENT BLANK PAGE ON BACK OF BUSINESS DEVELOPMENT BUSINESS RETENTION & EXPANISON BLANK PAGE ON BACK OF BRE ECOMONY BLANK PAGE ON BACK OF ECONOMY TAXABLE SALES BASE WITHIN YUMA COUNTY 2011/2012 2010/2011 Increase/Decrease Yuma County Total $2,888,523,451 3,904,696,496 -26% Restaurant/Bar $180,625,673 206461913 -13% Hotel/Motel $49,565,786 48254860.12 3% Retail Sales $1,028,797,857 1210198240.6 -15% STATE TAX COLLECTIONS WITHIN YUMA COUNTY 2011/2012 2010/2011 Increase/Decrease Yuma County Total $114,113,122 $157,320,482 -27% Restaurant/Bar $8,409,392 $10,314,097 -18% Hotel/Motel $2,560,419 $2,654,017 -4% Retail Sales $45,660,762 $60,209,911 -14% TAX COLLECTIONS by MUNICIPALITY 2011/2012 2010/2011 Increase/Decrease City of Yuma $30,616,882 $29,976,974 2 City of San Luis $6,073,810 $5,659,580 7 City of Somerton $1,226,254 $1,364,004 -10% Town of Wellton $672,236 $907,708 -16% Per Capita Income Yuma MSA Arizona United States $45,000 $37,725 $40,000 $35,000 $31,157 $31,481 $30,000 $25,000 $27,091 $27,459 $20,000 $15,000 $18,488 $19,926 $20,343 2002 2003 $32,223 $30,080 $28,239 $40,947 $38,846 $39,937 $35,452 $33,909 $32,295 $39,506 $34,326 $22,257 $23,020 $23,519 2004 2005 2006 $35,441 $24,975 $36,059 $33,952 $34,539 $25,999 $25,985 $26,928 2008 2009 2010 $10,000 $5,000 $0 2001 2007 Arizona Rank in Per Capita Personal Income Arizona 50 40 37 37 38 37 32 35 37 40 40 32 2007 2008 2009 2010 2011p 27 30 20 10 0 2001 2002 2003 2004 2005 2006 Yuma County Rank In Per Capita Personal Income Yuma MSA 364 362 360 358 356 354 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Yuma County Nonfarm Employment 2011 2010 2009 2008 2007 Total Nonfarm 49.1 49.6 50.5 53.8 53.6 Total Private 33.8 34.8 35.9 39.1 39.1 Goods Producing 4.0 4.2 4.8 6.4 7.3 Service-Providing 45.2 45.4 45.7 47.4 46.3 Private Service-Providing 29.9 30.6 31.1 32.7 31.8 Mining and Construction 2.1 2.5 3.1 4.1 4.6 Manufacturing 1.8 1.8 1.8 2.3 2.7 Trade, Transportation, and Utilities 9.2 9.5 9.9 11.0 11.0 Information .5 .6 .5 .6 .6 Financial Activities 1.3 1.4 1.6 1.6 1.7 Professional and Business Services 5.5 5.7 5.7 5.9 5.3 Educational and Health Services 6.7 6.7 6.5 6.4 6.2 Leisure and Hospitality 5.3 5.2 5.3 5.4 5.4 Other Services 1.4 1.5 1.7 1.8 1.7 Government 15.3 14.8 14.6 14.7 14.5 Federal Government 3.8 3.9 3.7 3.5 3.4 State and Local Government 11.5 10.9 10.9 11.2 11.1 Unemployment Rates Yuma County Arizona United States 30 25.3 25 20 27.1 22.5 16.5 16.8 16.8 15.6 15.9 17.7 14.6 15 10 4.8 5 4.7 6.0 13.8 5.9 5.7 5.0 4.7 4.1 3.8 5.8 6.0 5.5 5.1 4.6 4.6 2002 2003 2004 2005 2006 2007 9.7 10.0 9.5 9.3 9.6 9.0 2009 2010 2011 5.8 0 2001 2008 CATALYSTS BLANK PAGE ON BACK OF CATALYSTS Public and Private Investors SILVER INVESTORS BRONZE INVESTORS A.T. Pancrazi Real Estate Services, Inc. A Scott Herd Associates, Inc AEA Federal Credit Union Academy Mortgage B & H Refrigeration Company Barkley Ag Enterprises Best Western InnSuites Yuma Basket Creations and More, LLC PLATINUM INVESTORS BLT Companies Booth Machinery, Inc. Arizona Western College Bose Corporation Byrne & Benesch, P.C. National Bank of Arizona CEMEX/ Rinker Materials Chicago Title Insurance Company Northern Arizona University - Yuma Core Engineering Group, PLLC CORE Construction Datepac, LLC First American Title Don Peterson Engineers, Inc. Fortuna Road Properties, LLC CORPORATE PARTNERS Arizona Public Service Yuma Regional Medical Center Southwest Gas Corporation Time Warner Cable Underhill Transfer Company Eckard Construction ERA Matt Fischer Realtor LLC University of Arizona Foothills Bank Von Verde Development LLC General Motors Yuma Int'l Airport Hansberger Refrigeration & Electric Co. Yuma Private Industry Council GOLD INVESTORS Homewood Suites by Hilton Inside Connection, LLC Jacobson Companies James Davey & Associates 1st Bank Yuma Johnson Controls Allied Waste Konica Minolta Business Solutions Blue Cross Blue Shield of Arizona MGM Internet Solutions. Dahl Robins & Associates DeNise Builders Desert Depot Manpower, Inc. Mohave State Bank Northwestern Industries Pauley Construction, Inc. Desert Healthcare Services, PLLC Pilkington Commercial Co. Inc. Freedom Newspaper Regional Center for Border Health Ingold Family Investments, LLC Shadle & Walsma Million Air Yuma Sellers Petroleum Shaw Industries Goodwill of Central Arizona Gray and Terkelson Horizon Moving Systems, Inc. Hunter Employment Services J & W Properties, LLC Lines & Lundgreen Roofing M & M General Contracting Misenhimer, Aivazian & Tennant,PC Montoya Group, LLC Naumann-Hobbs Material Handling One Source Distributors Papa San Rice Bowl Pasquinelli Produce Co. R.L. Jones Customhouse Brokers, Inc. Radisson Hotel Yuma Round Table Pizza Shay Oil, Inc. University of Phoenix Waldo Israel Properties Wellton-Mohawk Irrigation & Drainage Dist Spencer Companies Western Arizona Economic Development Dist Sternco Engineers, Inc. Yuma East Real Estate & Development, LLC Superlite Block, Yuma Facility Yuma Investment Group & Wealth Management Synergy Holdings, Inc. Skyview Cooling The Development Group Sun Graphics/ Desert Document Shredders PUBLIC SECTOR Westmoor Electric, Inc. City of Yuma Yuma Innkeepers Association City of San Luis Yuma Insurance, Inc. City of Somerton Yuma Rehabilitation Hospital Town of Wellton Yuma Southwest Contractors Association Yuma County TRAX International Wells Fargo Bank Western News & Information Elected Officials Board of Directors City of Yuma Jonathan Lines, Chairman Mayor Alan Kreiger Deputy Mayor Paul Johnson Councilmember Bobbie Lewis Councilmember Leslie McClendon Councilmember Jerry Stuart Councilmember Edward Thomas City of San Luis Mayor Jerry Sanchez Vice Mayor, Marco A. Pinzon Councilmember Joe Harper Councilmember Africa Luna-Carrasco Councilmember Maria Cecila Ramos Councilmember Matias Rosales Councilmember Gloria Torres Clayton Hasty, Vice-Chairman Dennis Booth, Secretary/Treasurer Doug Nicholls, Past Chairman Joni Brooks, Yuma Sun Shaun Cassidy, City of Somerton James Deermer, Mayor, Town of Wellton Greg Ferguson, Yuma County Terry Frydenlund, 1st Bank Yuma Bobbie Lewis, City of Yuma Leslie McClendon, City of Yuma Russell McCloud, Yuma County City of Somerton Mayor Martin Porchas Vice Mayor, Arturo Magana Councilmember Gerardo Councilmember Luis Galindo Councilmember Laura Ramirez Councilmember Miguel Villalpando Councilmember Jose Yepez Robert Pickels, Yuma County Administrator Vic Smith, Skyview Cooling Phil Smithers, Arizona Public Service Michael Trend, City of San Luis Frank West, General Motors Greg Wilkinson, City of Yuma Administrator Town of Wellton Mayor James Deermer Vice Mayor Emma Moser Councilmember Alejandro Bejarano Councilmember Lisa Jameson Councilmember Cecilia McCollough Yuma County Supervisor Greg Ferguson Supervisor Russell McCloud Supervisor Casey Prochaska Supervisor Tony Reyes Supervisor Lenore Stuart Greater Yuma EDC Staff Julie Engel, CEcd, President/CEO Greg LaVann, Senior Project Manager Alison Morey, Project Manager Stephany Turner, Office Manager Greater Yuma EDC Partners Arizona Public Service Arizona Association of Economic Development Arizona Business Education Council Arizona Department of Commerce Arizona PASS Program/Lessions2Life Arizona Western College Arizona Western College Small Business Development Center (AZSBDC) Border Trade Alliance City of Flagstaff (Sun Corridor) City of San Luis, Arizona City of Somerton, Arizona City of Yuma, Arizona COPRESON Greater Phoenix Economic Council (Sun Corridor) Greater Yuma Port Authority (GYPA) Joint Technological Education District (JTED) Marine Corps Air Station Yuma NEXGen Northern Arizona University - Yuma Pinal County (Sun Corridor) Rural Economic Development Association San Luis Chamber of Commerce Science Technology Engineering Agriculture Math (STEAM) Program Southwest Arizona Port Users (SWAPU) Southwest Contractors Association Southwest Gas State of Arizona Time Warner Cable Town of Wellton, Arizona Tucson Regional Economic Opportunities (Sun Corridor) University of Arizona Agriculture Extension Western Arizona Economic Development District Yuma Business Education Coalition Yuma Convention & Visitor’s Bureau Yuma County Chamber of Commerce Yuma County, Arizona Yuma Innkeepers Association Yuma International Airport Yuma Manufacturers Association Yuma Metropolitan Planning Organization (YMPO) Yuma National Heritage Area Yuma Private Industry Council (YPIC) Yuma Proving Ground Yuma Regional Medical Center (YRMC) Yuma Union High School District FINANCIALS BLANK PAGE ON BACK OF FINANCIALS Greater Yuma Economic Development Corporation 2011-2012 Annual Report Sponsored by Blue Cross Blue Shield of Arizona BACK COVER