Title
Economic Development Review of Fiscal Year 2024-25 and Work Plan for Fiscal Year 2025-26
Description
Community and Economic Development Department staff will provide an update to the Economic Development and Housing Subcommittee on the Fiscal Year (FY) 2024-25 economic development accomplishments and preview the Work Plan for FY 2025-26.
THIS ITEM IS FOR INFORMATION AND DISCUSSION.
Report
Summary
The past year has seen numerous economic development accomplishments for the City of Phoenix. Staff will summarize major successes ranging from large capital projects such as the expansion of Mayo Clinic and the redevelopment of Paradise Valley Mall, to neighborhood and education partnership successes such as the groundbreaking of Innovation 27. These efforts were diverse in their exposure and impact reaching the community level, including the adoption of a new Downtown Redevelopment Plan, to the international stage with the new investment commitments from Taiwan Semiconductor Manufacturing Company. This update will provide a summary of notable accomplishments and the impact of achievements that occurred in FY 2024-25, in addition to outlining the economic development Work Plan for FY 2025-26.
Department
Responsible Department
This item is submitted by Deputy City Manager John Chan and the Community and Economic Development Department.