Doing Business in Prescott

Prescott is the center for trade in the region, with abundant retail establishments, professional services and manufacturing plants. This friendly business climate is located with easy access to major transportation corridors and also boast's Arizona's second busiest airport. Four institutions of higher education provide excellent training for employers and a ready entry-level workforce.

Why Prescott?

Ready Supply of Industrially zoned land. Prescott has more than 700 acres of land zoned for light industrial and office use. There are several sites available on the northern edge of the city, as well closer to downtown. Parcel sizes range from 1 acre or 100 acres. The City of Prescott has one of the most sought after areas within the Prescott MSA, the Prescott Regional Airpark and Commerce Center, in which to locate a business. The Arizona Commerce Authority has approved the Prescott Regional Airpark and Commerce Center as a Gold Certified Site, which indicates the area meets and exceeds the criteria for shovel ready sites under this designation. In addition, there is a 9 acre Gold Certified Site north of the city's downtown area on close to State Highway 69 on Robin Drive

Available Buildings. The Prescott Regional Airpark and Commerce Center area also has for sale the region's largest industrial building. It is conveniently located on Crosswind Drive and has 43,272 sq. ft. This Gold Certified Building and is ready for immediate occupancy! For a location closer downtown, there is a 10,000 sq. ft. Gold Certified Building on Commercial Way. Please check the building and site inventory on this website for a complete list of available buildings and sites in the region.

Low cost of doing business.  Prescott offers a lower cost of doing business than metropolitan Phoenix, which saves our leading employers a substantial amount in operating costs. 

Education is key to a talented workforce.  Prescott is home to three of the region's four institutions of higher education:  Embry-Riddle Aeronautical UniversityPrescott College, and Yavapai College with Northern Arizona University/Yavapai located in nearby Prescott Valley. These institutions offer graduate and undergraduate degrees, associate degrees, certificates, and continuing education credits. These institutions offer a diverse range of educational opportunities that enable both current and future businesses to access a well-rounded educated and skilled labor force.  

Prescott’s economy is comprised primarily of the healthcare, administration, manufacturing, and construction industry sectors. While the fastest growing segment has been related to healthcare, there is been a continued increase in manufacturing companies locating within the area due to low operating costs, workforce, available land, and our regional business climate. Two of Prescott’s leading manufacturers include Sturm, Ruger & Company, and Cobham Aerospace Communications.

Prescott and all Arizona municipalities are highly dependent on sales tax and state-shared revenues for their General Fund.  Property taxes account for less than 5 percent of the City’s tax revenues.  The total 2014 commercial property tax rate (primary and secondary) for the City is 0.3108 per $100 assessed value*. (*Commercial properties area assessed at 18% of market value) The combined Privilege (sales tax) and Use Tax rate for the State of Arizona, Yavapai County, and the City of Prescott for all taxable activities is 8.35%. The combined rate consists of 5.6% for the State 0.75% for the County, and 2% for the City of Prescott.

Contact Us:

Prescott's Economic Development Department