Discussion and possible action to: (a) authorize the City Manager to renew the service contract with the Greater Phoenix Economic Council for Fiscal Year 2024 and; (b) authorize the use of funds in the amount to $97,658 from the Half-Cent Fund City Participation Outside Programs account.

As part of its economic development effort, staff is seeking to renew its contract with the Greater Phoenix Economic Council (GPEC).  The Greater Phoenix Economic Council is a private/public partnership representing the majority of communities in Maricopa County. 

GPEC’s mission is attracting quality businesses to the region from around the world, as well as advocating and championing foundational efforts to improve the region’s economic development competitiveness.  GPEC’s primary role is image building and marketing for the greater Phoenix region, and adds value to retention and expansion of existing businesses through regional support and research on key projects.

Since 1991, Peoria has been a member of GPEC, which currently has 22 community members and is the leader in regional economic development.  Membership with GPEC provides the city with development leads and prospects, as well as exposes the city to a national and international corporate site selection audience, as well as within metropolitan Phoenix.  In addition, a membership in GPEC allows Peoria to have a voice on decisions made regarding regional economic development strategies.

City Council has approved the GPEC contract every year since 1991.

Discussion and possible action to authorize the city manager to renew the Greater Phoenix Economic Council (GPEC) contract for the 2024 fiscal year.

The cost for the City of Peoria to participate in GPEC for the FY 2024 is $97,658.00.

This amount reflects an increase of $1,880.00 over last year’s contract amount and based on Peoria’s population estimates for July 1, 2023.