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The New Phoenix Vision: "The Indian School Road Corridor"
&
The Phoenix Global Commerce Center
"Job creation stands alone as the greatest need in Phoenix"
"It is
time for change from Downtown to Midtown"
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Introduction
PHOENIX (By Jon Garrido, The Jon Garrido News Network) ― The New Phoenix Vision "Indian School
Road Corridor" is a conceptual
strategy developed as a economic development program by Jon Garrido,
candidate for the City of Phoenix City Council to represent District
8.
The New Phoenix Vision "Indian School
Road Corridor" is all about creating quality skilled jobs and
revitalizing Midtown Phoenix.
It is my belief the
creation of quality skilled jobs should be the number one priority for the City of Phoenix
and The New Phoenix Vision "Indian School Road Corridor"
primarily is to create new jobs for Phoenix residents and in doing
so bolsters the economy
of Phoenix (Recovery’s
Missing Ingredient: New Jobs).
On examination of the
present use of Indian School Road, the roadway primarily serves as a
connection between central Phoenix to Glendale and Peoria on the
west and from Central Phoenix to Scottsdale on the east.
Very few persons using
Indian School Road stop to use the small businesses on Indian School
Road. There are no big boxes (i.e. Wal-Mart, Target, Home Depot,
Cosco) as found on Thomas and 44th Street to attract consumers.
There has to be a purpose
for people to make Indian School Road a destination and the option
of using big boxes is one way but is already taken.
The only other way is to evolve
Indian School Road from a connection road into a destination by
developing Indian School Road into a corridor of a new business park
stretching the length of Indian School Road on North and South sides
of the roadway.
Only as a destination
will consumers be attracted to existing and new
businesses on Indian School Road and the ideal development plan is
to locate a plethora of new research and development, international
commerce, high technology and light manufacturing companies to provide thousands of new jobs on Indian School
Road.
It is these thousands of
new employees that will provide consumer purchases for existing and
new businesses along Indian School Road.
The goal of The New
Phoenix Vision
"Indian School Road Corridor" is
to revitalize Indian School Road into a business park corridor
begins with creation and location of the City of Phoenix Global Commerce Center
on Indian School Road.
The revitalization of Indian
School Road from a dormant mid-city street of primarily older single family
residents used as storefronts into a major Phoenix west-east arterial
by developing a business park corridor of research and development,
local and international sales firms and light manufacturing
companies in design compliance with a master plan will be
accomplished by
providing City of Phoenix services in mid-city rather than Downtown
Phoenix.
Generating these type
businesses will have a multiplier effect creating demand for retail
businesses to provide services and retail sales to the thousands of new employees
that will be working in the revitalized business corridor.
A monumental undertaking
can not be achieved in a vacuum. A New Phoenix Vision "Indian School
Road Corridor" Task Force will be establish inviting current Indian
School Road businesses, prospective businesses, neighborhood
representatives and other interested parties to develop The New
Phoenix Vision
"Indian School Road Corridor"
Revitalization Plan for Indian School Road. The New Phoenix Vision "Indian School
Road Corridor" will be a joint
planning venture to develop a development strategy to revitalize
Indian School Road with consideration of adjacent neighborhoods
along the corridor achieving a harmonious marriage of neighborhoods
and new businesses on Indian School Road.
In addition, nearly all
the City's economic and business development assistance is directed
to areas south of the Phoenix Downtown area and this may be due to
requirements of federal programs but there are some programs that
can be directed to The New Phoenix Vision "Indian School Road Corridor" by designation as a Federal Enterprise Zone or other
Federal designation.
The catalyst to
precipitate all the pieces coming together is to develop a
revitalization strategy as
The New Phoenix Vision "Indian School Road Corridor" and
establish the City of Phoenix's Phoenix Global Commerce Center
which will become the catalyst in revitalizing the "Indian School
Road Corridor".
There are several
locations that lend themselves to the location of such a center on
Indian School Road and with the strategy of
The New Phoenix Vision "Indian School Road Corridor" & the creation and establishment
of the Phoenix Global Commerce Center,
Indian School will become the new Phoenix arising from the ashes to
create a great vibrant corridor of research & development,
international commerce and light
manufacturing with the required esthetics of a business park on the
north and south sides of Indian School Road from 35th Avenue to 48th
Street.
The New Phoenix
Vision
"Indian School Road Corridor" Planning Task Force
Community Participation
Adjacent neighborhood
community persons.
Global Business
Development Task Force to set up guidelines and structure for
assisting Phoenix businesses sell and buy in Brazil, Chile, Argentina and
Spain and
other global markets.
Business Participation
Specialty Chambers of Commerce
(existing Phoenix chambers of commerce are invited to participate). To
enhance commerce linkages and increase constituent & country participation,
new chambers of commerce subsets of the
The
New Phoenix Vision "Indian School Road Corridor"
and Commerce Center will be established and promoted.)
-
International Trade and
Commerce Chamber of Commerce
-
America Brazil Chamber of
Commerce
-
America Argentina Chamber
of Commerce
-
America Canada Chamber of
Commerce
-
America Chile Chamber of
Commerce
-
America England Chamber of
Commerce
-
America France Chamber of
Commerce
-
America Italy Chamber of
Commerce
-
America Spain Chamber of
Commerce
-
Asian Chamber of Commerce
-
Black Chamber of Commerce
-
Hispanic Chamber of
Commerce
The New Phoenix
Vision "Indian
School Road Corridor" Task Force will be established inviting current and
prospective Indian School Road businesses, adjacent neighborhood
community persons and other interested parties to develop The
New Phoenix Vision "Indian School Road Corridor" Revitalization Plan.
The New Phoenix Vision "Indian School
Road Corridor" will be a joint
venture to obtain a development plan to revitalize Indian School
Road including concerns of adjacent neighborhoods along the corridor
achieving a harmonious marriage of neighborhoods and new businesses
on Indian School Road.
With Phoenix's population expected
to dramatically increase over the next 15 years, Phoenix and other cities recognize how they manage
growth and development will affect economic prospects and quality of
life for residents. To provide new business park occupants the
necessary housing, offices, stores and do so without
negative development impacts of the past, The New Phoenix Vision "Indian
School Road Corridor" Task Force will address key related issues such as
sustainability, infrastructure, transportation, and density in ways
that transcend politics as usual, and old battles over Nimbyism.
Land use controls used in the past generation and recent trends will
be evaluated to possibly change the perspective of how Indian School
Road has evolved and could evolve in a new direction will be
addressed. Facts on city planning and environmental efforts
both in the past and now; public willingness to support public
transit such as a light rail extension, open-space, and related smart growth initiatives;
increasing protections by the City for private property rights; the
increase & restrictions on land development and the use of a special
district all will be scrutinized to see how they may be adapted to
revitalizing Indian School Road.
The New Phoenix Vision "Indian School Road Corridor" Task Force will also look at
case studies representing diverse political cultures, locations and
degrees of progressiveness to analyze how others have
dealt with issues such as public facilities, transportation, open
spaces, affordable housing, and economic development.
A prerequisite for each proposed development will be The New
Phoenix Vision
"Indian School Road Corridor" Task Force will calculate the “design dividend” — the
added value generated from good design before an investment is made.
Looking at lessons learned from developers, public officials, and
designers, The New Phoenix Vision "Indian School Road Corridor" Task Force will study what makes for good
design, who benefits from it and how — the community, companies,
employees, public, city officials, and developers. The case
for value-added design showing the impact of trails, parks, and
amenities, landscapes and streetscapes, transportation and urban
waterways (Arizona canal), the built environment and conservation.
The New Phoenix Vision "Indian School Road Corridor" Task Force representing
diverse political cultures, locations and degrees of progressiveness
will be analyzed regarding how to address issues such as architectural
business park theme, public
facilities, transportation, affordable housing off Indian School
Road in peripheral sections of the corridor adjacent to open spaces, and
economic development.
The New Phoenix Vision "Indian School Road Corridor" Task Force will
identify challenges to better land use and development, highlight
best practices, and develop new solutions to improve land use
patterns by engaging land use professionals and other stakeholders
to resolve complex land use, development and redevelopment problems
in The New Phoenix Vision "Indian School Road Corridor" and The New Phoenix Vision
"Indian School Road Corridor" Task Force will collaborate
with other stakeholders to implement consensus-based solutions for
better neighborhoods along Indian School Road in areas such as smart
growth, workforce housing, regional cooperation and visioning,
public sector outreach, and urban initiatives. The New Phoenix
Vision "Indian
School Road Corridor" Task Force members will make a difference
throughout the Indian School Corridor and adjoining areas in
mid-Phoenix.
A final task of The
New Phoenix Vision "Indian School Road Corridor" Task Force will be to bring all of the pieces together for the
greatest impact and value.
Three Mixed Use Developments Nodes on Indian
School Road ― West,
Central and East
Geographically Indian School Road can be divided initially into
three segments: west node, central node and east node. Each of the
three nodal areas are unique in characteristics. The
New Phoenix Vision "Mixed Use Development
Nodes"
expands the concept and on implementation with focus on community
participation to refine the concept of mixed use development nodes
beginning on Indian School Road.
The Phoenix Global Commerce
Center
A.
The Phoenix Commerce
Center
The New Phoenix Vision "Indian School
Road Corridor" calls for the creation and location of the Phoenix
Global Commerce Center on Indian School Road providing all of the
City of Phoenix's community and economic development assistance and
services to create and/or expand existing businesses giving priority
to research and development, international commerce and light
manufacturing sectors to locate in The New Phoenix Vision "Indian School Road
Corridor".
All assistance and
services except financial incentives will also be available to all
Phoenix businesses. The City of Phoenix provides program assistance
to businesses located in designated areas as required by Federal
programs and it will be the intent of the Phoenix Global Commerce
Center to determine if said designated areas can include The New
Phoenix Vision "Indian School Road Corridor" and if eligible, Federal programs
will be utilized to revitalize the Indian School Corridor.
All other services
currently provided in Downtown Phoenix by the City of Phoenix will
be made available from the Phoenix Global Commerce Center. These
programs and services include but are not limited to enterprise and empowerment zone
assistance, procurement assistance, demographics and marketing data and information,
business loan packaging, incubator services, entrepreneur support,
loan financing to clients meeting eligibility criteria and
international commerce assistance in selling to foreign markets as
delineated below.
B.
The Phoenix Global Commerce
Center
(International Component)
The purpose of the Phoenix Global Trade
Center will be to open new markets for Phoenix businesses by commerce with the
global community by establishing City of Phoenix international trade
offices focusing on opportunities beginning with Brazil, Argentina,
Chile and Spain.
Brazil is the most successful
progressive and democratic government of Latin America and with the new
discovery of a second oil field off the coast doubling its oil
preserves, Brazil has already become the economic powerhouse of Latin
America. In particular the economy of Brazil is expanded to include all
sectors of a vibrant industrial country.
Argentina adjoining Brazil
provides both countries working together to become the "breadbasket" of
the Americas.
Chile is unique in
agriculture particularly becoming a wine exporter of fine wines
comparable to France and Napa Valley. At a higher level of achievement,
Chile formerly ruled by dictatorships has become a beacon of democracy
enabling and encouraging commerce with the United States.
Spain is now becoming a world
leader in advanced technologies and is seeking partners in the United
States. In particular, Spain excels in technologies relating to the
environment and energy production. Additionally, Spain’s major exports
include chemical products, ancillary mechanical and construction
industry products, habitat, horticultural products, wines and oils.
Now with the widening of the
Panama Canal, cargo ships now have a more direct route to and from the
Gulf or California (Sea of Cortez) where Mexico is planning a deep sea
port.
In addition, warming
of the oceans will intensify hurricanes and extend the season from June
through November in the Gulf of Mexico disabling port operations
resulting in international trade seeking safer ports.
Even with without raising sea levels,
Arizona's access to the Sea of Cortez working with the Mexican
government could bring economic development to northwest Mexico and
southwest Arizona.
Today, the Sea of Cortez is 20 miles southwest of Arizona. The demise of
the polar ice cap will bring the Pacific Ocean into Arizona and will
enable Arizona to facilitate an opportunity to become a player in the
U.S. intermodal transportation system by adding marine transportation
through a new port on the Pacific side of the Americas and at the upper
end of the Sea of Cortez.
The mouth of the Colorado River flows
into the Sea of Cortez. The area
between the United States and Mexico south of San Luis to the Sea of
Cortez is 20 miles of marshes that by dredging could provide a deep
channel to port facilities; however, the flow of the Colorado River as
controlled by US Federal agencies determines the depth and at times may
leave the entrance into the Sea of Cortez without water sufficient to
enable tankers to navigate.
For this
reason, the Port of Yuma is moving forward to structure an inland port
as modeled by eastern seaboard ports.
Mexico
is also embarking on establishing a port on the Sea of Cortez with
highway and railroad lines being built northward to Arizona and
California.
The
prime factor in success wherever a port is located is contingent upon
back haul. Cargo users will not use any Sea of Cortez port if once the
containers are disembarked there are no containers to load to be hauled
back to point of origin or points in between.
A new major international trade port for
Mexico located in close proximity to Arizona will provide for thousands
of Mexican port construction jobs with high wages and will enable
construction workers to move not only into port operations but also to
new Mexican companies providing support to port operations.
This could achieve a multiplier of 5
creating jobs in housing, school and retail construction.
The boom in port facilities in Mexico with
a U.S. Foreign Trade Zone in Arizona along the Mexican border would
facilitate international trade with Latin America.
The prop osed
Free Trade Agreement of the Americas may be years away but already most
member nations located on the Pacific side have entered into bilateral
trade agreements with the United States and Latin America. It is this
corridor that would be the prime engine to move containers through the
Arizona/Sonora port into Arizona where trade items could then be
distributed primarily throughout the southwest but also throughout the
western United States. In times of hurricanes, this distribution network
would expand to provide traffic to areas that were previously served by
the Gulf of Mexico ports.
A sea port at the Sea of
Cortez could have an significant economic impact on Arizona by enabling
Arizona to become part of annually moving more than 15 billion tons of
freight with a total value of over $9.1 trillion. As trade volumes
increase, the capacity of America's total intermodal transportation
system must also increase in order to maintain my nation's economy. The
Arizona/Sonora port could position itself to become an integral part of
this trade.
While domestic waterborne trade is expected to grow
modestly, U.S. international container traffic is projected to at least
double from 2001 to 2020 according to the June 2005 Report to Congress
on the Performance of Ports and the Intermodal System submitted by the
U.S. Department of Transportation Maritime Administration.
Nowhere will
this pressure be felt more than at U.S. ports, which serve as gateways
for both commercial and military cargo. This proposed port could provide
access to the Military facilities located in the Yuma area.
Since the advent of
containerization in the early 1960's, ports have had to keep up with
significant evolving changes in vessel and shore side infrastructure
needs. Container vessel capacities have grown TEU (standard "Twenty Foot Equivalent Unit" steel ocean shipping container)
ships to over 8,000 TEU's and next generation containerships with
capacities of 9,000 TEUs are already under contract. Private sector
railroads, addressing supply chain competition and ports' needs to
accommodate commercial and military cargo simultaneously, have employed
double stacked trains. Double stacked trains require larger facilities
for increased rail traffic.
Introduction of new terminal
technologies that enhance and improve just in time delivery processes
within the nation's supply chain, a projected doubling of throughput on
the system, providing needed maintenance on the current system will
require flexibility and massive new investments in intermodal
transportation infrastructure.
It is with these
acknowledgements of progress these three countries have made that make
for prime opportunities for Phoenix businesses selling products and
services to these countries and provides for Phoenix businesses to
become the sellers and providers of goods manufactured in Brazil,
Argentina and Chile to be sold by Phoenix businesses.
The Phoenix Global Commerce
Center (International Component) will be established to enable
Phoenix businesses to enter new markets using World Bank guidelines
to develop partnerships in other countries.
To enhance the Phoenix Global
Commerce Center (International Component), the proposed global community partnership will
establish economic development offices in growing global economies to
create and expedite trade opportunities for Phoenix businesses.
The
Phoenix Global Commerce
Center (International Component) will feature co-located data services as well as
office space for international commerce companies. By creating co-location space and
office locations for companies around the globe, we’re helping the local economy
and driving continued growth of The New Phoenix Vision "Indian School Road Corridor".
C.
Phoenix
Phoenix Entrepreneur Center
The Phoenix Entrepreneur Center is a
resource hub for start-ups and other entrepreneurs at every stage of their lifecycle. The Phoenix
Entrepreneur Center fosters entrepreneurship in students,
mentors first-time entrepreneur, advises and supports
the experienced entrepreneur, and facilitates strategic
business relationships in the technology and other business communities.
An
entrepreneur is a person who has possession of an
enterprise, or venture, and assumes significant
accountability for the inherent risks and the outcome. It is
an ambitious leader who combines land, labor, and capital to
create and market new goods or services. Entrepreneur in
English is a term applied to the type of personality who is
willing to take upon herself or himself a new venture or
enterprise and accepts full responsibility for the outcome.
Entrepreneurship is often difficult and
tricky, resulting in many new ventures failing. The word
entrepreneur is often synonymous with founder. Most
commonly, the term entrepreneur applies to someone who
creates value by offering a product or service, by carving
out a niche in the market that may not exist currently.
Entrepreneurs tend to identify a market opportunity and
exploit it by organizing their resources effectively to
accomplish an outcome that changes existing interactions
within a given sector.
Observers see them as being willing to
accept a high level of personal, professional or financial
risk to pursue opportunity.
Mission
To foster innovation, collaboration and
entrepreneurship in the Phoenix Entrepreneur Center's technology
and other business communities.
Goals
-
Act as the hub of entrepreneurial
information in the
Phoenix
Commerce Center.
-
Guide the entrepreneur through the life
cycle of entrepreneurship.
-
Bring large and small companies together
to network, expand and grow local area businesses.
-
Educate my youth of all ages about
entrepreneurship.
-
Help grow the number of entrepreneurs in
the Phoenix
Commerce Center business communities.
-
Promote giving back to the community
through venture philanthropy.
D. Phoenix Incubator
Business incubators are
programs designed to
accelerate the
successful development
of entrepreneurial
companies through an
array of business
support resources and
services, developed and
orchestrated by
incubator management and
offered both in the
incubator and through
its network of contacts.
Incubators vary in the
way they deliver their
services, in their
organizational
structure, and in the
types of clients they
serve. Successful
completion of a business
incubation program
increases the likelihood
that a start-up company
will stay in business
for the long term:
Historically, 87% of
incubator graduates stay
in business.
Incubators differ from
research and technology
parks in their
dedication to start-up
and early-stage
companies. Research and
technology parks, on the
other hand, tend to be
large-scale projects
that house everything
from corporate,
government or university
labs to very small
companies. Most research
and technology parks do
not offer business
assistance services,
which are the hallmark
of a business incubation
program. However, many
research and technology
parks house incubation
programs.
Incubators also differ
from the U.S. Small
Business
Administration's Small
Business Development
Centers in that they
serve only selected
clients. SBDCs are
required by law to offer
general business
assistance to any
company that contacts
them for help. In
addition, SBDCs do not
target start-up and
early-stage companies;
they work with any small
business at any stage of
development. Many
business incubation
programs partner with
their local SBDC to
create a "one-stop shop"
for entrepreneurial
support.
Unlike
many
business
assistance
programs,
business
incubators
do not
serve
any and
all
companies.
Entrepreneurs
who wish
to enter
a
business
incubation
program
must
apply
for
admission.
Acceptance
criteria
vary
from
program
to
program,
but in
general
only
those
with
feasible
business
ideas
and a
workable
business
plan are
admitted.
It is
this
factor
that
makes it
difficult
to
compare
the
success
rates of
incubated
companies
against
general
business
survival
statistics.
Although
most
incubators
offer
their
clients
office
space
and
shared
administrative
services,
the
heart of
a true
business
incubation
program
is the
services
it
provides
to
start-up
companies.
The
amount
of time
a
company
spends
in an
incubation
program
can vary
widely
depending
on a
number
of
factors,
including
the type
of
business
and the
entrepreneur's
level of
business
expertise.
Life
science
and
other
firms
with
long
research
and
development
cycles
require
more
time in
an
incubation
program
than
manufacturing
or
service
companies
that can
immediately
produce
and
bring a
product
or
service
to
market.
On
average,
incubator
clients
spend 33
months
in a
program.
Many
incubation
programs
set
graduation
requirements
by
development
benchmarks,
such as
company
revenues
or
staffing
levels,
rather
than
time in
the
program.
More
than
half of
all
business
incubation
programs
are
"mixed-use"
projects;
that is,
they
work
with
clients
from a
variety
of
industries.
Technology
incubators
account
for 39%
of
incubation
programs.
Business
incubation
has been
identified
as a
means of
meeting
a
variety
of
economic
and
socioeconomic
policy
needs,
which
may
include:
•
Creating
jobs and
wealth
•
Fostering
a
community's
entrepreneurial
climate
•
Technology
commercialization
•
Diversifying
local
economies
•
Building
or
accelerating
growth
of local
industry
clusters
•
Business
creation
and
retention
•
Encouraging
women or
minority
entrepreneurship
•
Identifying
potential
spin-in
or
spin-out
business
opportunities
•
Community
revitalization
• Computer services, skill acquisition education center, Internet sales and networking, coordinated websites,
management
training
and
assistance,
advertisement and marketing, inventory control,
and sales
assistance
• Research
library
and
access
to the
latest
in
business
software
•
Teleconferencing
facilities
About
one-third
of
business
incubation
programs
are
sponsored
by
economic
development
organizations.
Government
entities
such as
cities
or
counties
account
for 21%
of
program
sponsors.
Incubation
programs
are
funded
by
city,
state, regional
or
national
governments
as part
of an
overall
economic
development
strategy.
The U.S.
Economic
Development
Administration
is a
frequent
source
of funds
for
developing
incubation
programs.
Rents
and/or
client
fees
account
for 59%
of
incubator
revenues,
followed
by
service
contracts
or
grants
(18%)
and cash
operating
subsidies
(15%).
E. Phoenix Procurement Center
The City of Phoenix purchases goods and
services from local vendors. It will be proposed by The New Phoenix Vision "Indian School
Road Corridor" city
councilpersons the City of Phoenix purchases goods and services from
"Indian School Road Corridor" businesses on a priority basis and a second
priority be given to non Indian School Road businesses and lastly, the
procurement of goods and services by the City of Phoenix be limited to
those businesses located within the the City of Phoenix.
Electronic
Bid Match/Notification
Daily the electronic profile of Phoenix Procurement Center clients is
matched to bid opportunities advertised by federal, state and local
government purchasing/contracting offices. Successful matches are forwarded
to clients by web, electronic mail or fax.
Outreach Events
Phoenix Procurement Center regularly sponsors seminars, workshops and
conferences. These events provide training opportunities,
contracting/purchasing procedures, and serve networking events.
Targeted Contractor Assistance
Phoenix Procurement Center is contacted by federal, state and local
government; and commercial buying officials requesting assistance for
specific companies they wish to contract with, but which lack necessary
certifications or other criteria for a contract award.
Locating Specialized Contractors
Phoenix Procurement Center helps federal, state and local government and
commercial buying officials identify contractors that provide a specialized
product or service or that will help to fulfill procurement goals for 8(a),
HUB Zone, Woman-owned or Veteran-owned businesses.
Problem Solving
Phoenix Procurement Center is called upon to help resolve problems with
contractors. Such problems include interpreting specifications, payments,
registrations and certifications, obtaining technical documents, etc.
Solicitation Development
Phoenix Procurement Center helps draft solicitations directed at small
businesses or set-aside for specific categories of small business, such as
8(a). The Phoenix Procurement Center also works with large prime
contractors to develop appropriate subcontracting plans.
Referrals
Federal, state and local contracting staffs send vendors and potential
vendors to the Phoenix Procurement Center for many types of assistance the
businesses need to engage in the procurement process.
F. Phoenix Venture Capital, Loan Guarantees and
City of Phoenix Loans, and Tax Exempt Financing
The primary magnet to
have businesses locate in the 468 Corridor is to provide financial
incentives and free City of Phoenix professional assistance to all
Phoenix businesses.
The revitalization of
Indian School Road will be achieved by establishing
The New Phoenix Vision "Indian School Road Corridor"
staffed by the City of Phoenix and offering business
assistance from the Phoenix Global Commerce Center that will be
located on Indian School Road that will provide business assistance
services to all Phoenix businesses.
Expedited development
services will be included as well as financial incentives provided
to all business re-locating or establishing a business venture on
Indian School Road.
One of the primary needs
of all business is access to capital not only for fixed asset
financing but for also operational and working capital. A primary
goal of
The New Phoenix
Vision "Indian
School Road Corridor"
will pursue venture capital for prospective and existing businesses
by providing loan guarantees in addition to direct lending. Grants
and City of Phoenix bonds will be pursued to provide loan guarantees
that will be provided at lesser rates than the prevailing cost of
money from private lenders. To maximize Phoenix funding, a major
component will be to partner with private lenders to guarantee
private funds loaned to Phoenix businesses locating in the Indian
School Corridor.
There are presently a
multitude of City of Phoenix economic development programs used to
provide business assistance but a major constraint is the lack of
marketing and visibility of the City's economic and business
development assistance.
Rather than require
businesses seeking assistance to visit the City of Phoenix Downtown
office, the City of Phoenix Global Commerce Center will be
established in the "Indian School Road Corridor".
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