Glendale, AZ - Economic Development
Glendale Economic Development Website Link Facebook Logo Twitter Logo YouTube logo Flickr Logo
February 2017– Issue 14
Glendale Office of Economic Development
 

 

Conair Goes Vertical
Conair construction

Conair has broken ground on a new 1 million square foot facility in Glendale, adjacent to their existing space in the Glen Harbor Business Park. By the time the project is complete Conair will have 2.3 million square feet under roof, making it the second largest corporate campus in the Metro Phoenix area. The new facility will add an additional 300 jobs, for a total of 750 employees in Glendale. The company has been in Glendale since 1992, and previously expanded in 2009.  

Click here to read more about this exciting development!

 

 

Ring Locates in Glendale

Ring is opening a new customer service center in Westgate, employing 100 people. The company manufactures video security doorbells. Ring executives cited the area’s access to a large labor pool as well as nearby dining and entertainment options for employees as the reason for selecting Glendale for its new location.

 

 

Tavern+Bowl Opening in Glendale

A new entertainment concept is coming to Glendale with the opening of Tavern+Bowl at Westgate in spring 2017. This will be the company’s first Arizona location and will include a microbrewery, a full restaurant and 12 bowling lanes.  

 

 

First Westgate Healthcare Campus Building Complete

In November, the first building of the Westgate Healthcare campus was completed; the project broke ground earlier this year. The 16,000 square foot building is almost 100% occupied and pre-leasing has begun on the next phase. Upon completion the project will include a total of 250,000 SF across five buildings and is expected to employ more than 1,500 medical and research and development staff.

 

 

2017 Arizona SciTech Festival

The Arizona SciTech festival offers opportunities for all ages to learn about how science affects our everyday lives. Over 1,000 STEM (science, technology, engineering and math) events will be held throughout Arizona during the months of February and March. The City is partnered with the Arizona SciTech festival to present the Science of Chocolate at the Glendale Chocolate Affaire on February 3rd-5th. This fun filled event gave visitors and chance to learn about the science behind everyone’s favorite food through a variety activities and demonstrations. Learn more about the Arizona SciTech Festival at http://azscitech.com/ or take a few moments to check out the full list of upcoming events in Glendale and throughout the state on the Festival website, at http://azscitech.com/events.

Arizona SciTech Festival logo

 

 

Start Up School Classes Offered

The Office of Economic Development and Glendale Public Library have teamed up to offer ASU Start Up School as part of a partnership with the ASU Entrepreneurship Outreach Network. This six part interactive workshop runs entrepreneurs and small business owners through the development of a Business Model Canvas. By the end of the series, participants will have developed a business plan, a concise elevator pitch and a better idea of the targeted customer base, cost and revenues associated with their business. Classes are held on the third Tuesday of the month. Stage 6 – Grow Your Company - will be offered February 21st, 2017 at 6 pm at the Glendale library. A new round of classes will begin later this spring

 

 

Getting the Word out about Glendale

Part of our role in Economic Development is to ensure that our audience of citizens, brokers, site selectors, and partners are informed of the community assets and development activity in Glendale.  This quarter provided Economic Development with great opportunities to spread the word.

Economic Development staff had the opportunity to meet with the Trade Commission of Spain on the group’s recent visit to the metro Phoenix area, and provided a comprehensive overview of the Glendale market.

Economic Development also presented to the Glendale Chamber of Commerce at their November Board meeting. The presentation highlighted the recent business activity in the city as well as a focus on the partnerships and collaboration that make the city successful.

The Office of Economic Development joined with the Avondale Economic Development Department to give an overview to the Glendale West Rotary Club of the West Valley’s many healthcare assets and trends on the continuing growth in the sector.

Staff presented to the Government Finance Officers Association of AZ as part of their January training session, speaking to government finance professionals and economic developers from around the state.

 

 

Glendale Businesses are Being Recognized

  • Congratulations go to Anytime Fitness Arrowhead for winning the FirstBank Elevator Pitch business contest. For the second year in a row a Glendale business has won the competition. The competition invites small businesses in Arizona to create a 90 second pitch, out of which five finalists are selected for the public to vote on. Anytime Fitness Arrowhead beat out four other Arizona small businesses for the $20,000.
  • EPCOR won Westmarc’s 2016 Best of the West Economic Engine award for its Luke 303 Regional Facility. Westmarc’s Best of the West awards is the West Valley’s premier award ceremony, celebrating noteworthy contributions from West Valley businesses and leaders for over 20 years. The group recognizes contributions in three categories: Economic Engine, Quality of Life Enhancement and Excellence in Innovation. The Economic Engine award is designed to recognize individuals and organizations that have created a significant economic impact to the WESTMARC region. EPCOR’s new facility will help drive economic growth in the Loop 303 area for years to come.
  • Three Abrazo Arrowhead Campus volunteers were recognized with the President’s Lifetime Achievement Award. This award is the highest in the nation for volunteers and is bestowed upon individuals who have donated at least 4,000 hours in their lifetime.
  • MobileLogix has been selected as one of the top 16 companies in the Invest Southwest Venture Madness challenge, which pits 64 promising start ups throughout the southwest in a bracket-style, head to head competition. The final four rounds of the competition will be held March 8-10.

Congratulations to these great businesses!

 

 

What’s New in Downtown Glendale

Located at the northeast corner of 59th Ave and Myrtle, the Glendale Farmers Market operates every other Saturday from 9-1 pm. The Market is focused on bringing healthy eating to downtown Glendale. Vendors include local produce farms, artisanal food, handcrafts and more.

The Glendale Farmers Market will run through May. For more information and a complete listing of dates, visit http://www.glendalefarmersmarket.org/

 

 

Glendale 3rd Quarter Building Occupancy

Glendale Growth

Office vacancy rates continue to show improvement, landing at 19.3% as of 3rd quarter 2016. This is down more than 3% compared to the same time last year and down 8% from just three years ago. The positive trend is likely to continue in 2017; it is anticipated that office occupancy will top four million square feet for the first time next year.

Industrial vacancy remains just above 3% in Glendale. This is down by half compared to the same time last year and is about a third of the rate in metro Phoenix overall. While existing space is mostly occupied, there are still build to suit opportunities in Glendale.

The retail sector had a slight uptick in vacancy from 2nd quarter to 3rd quarter 2016, currently sitting at 7.9%. The vacancy rate remains below the metro Phoenix average by about a percent. The city continues to see interest from retailers who want to locate near Glendale’s vibrant, diverse population.

 

 

Rate

Retail

Industrial

Office

Square feet Vacant

1,089,798

357,581

950,655

Square feet Occupied

12,711,788

10,860,980

3,962,481

Percent Vacant

7.9%

3.2%

19.3%

 

Market Comparisons:

 

Glendale:

Metro  Phoenix:     

National:

Retail Vacancy:    

7.9%

9.0%

5.0%

Industrial Vacancy:  

3.2%

10.3%

5.6%

Office Vacancy:    

19.3%

15.4%

9.9%

Source: Costar, 3rd Quarter 2016

 

 

Spotlight on – Business Assistance

The Glendale Office of Economic Development focuses on five key pillars: Business Attraction, Business Retention and Expansion, Redevelopment, Business Assistance and Special Projects. The major element of business assistance is to support events such as job fairs, procurement fairs and seminars and assist entrepreneurs and small businesses by connecting them to resources and navigating city processes.

A new resource that will soon be available for Glendale businesses this Spring is the Glendale Innovation Development and Entrepreneurial Assistance (IDEA) Center. Located at the Glendale Main Library at 5959 W Brown Ave, the IDEA Center is a place for business owners to connect and collaborate. The IDEA Center is free and will be open during regular library hours. Services include computers, a 3D printer and fully equipped media lab. Classes and seminars will be held at the IDEA Center including ASU Start Up School and mentoring by SCORE.

Check out the full press release here or visit http://www.glendaleaz.com/IDEACenter/ for more information.

 

 

Happy New Year from the Glendale Economic Development team

We wish all of our partners a happy New Year and hope your 2017 is off to a great start!

 

 

Meet the Glendale Office of Ecoomic Development:

  • Brian Friedman, Director
  • Kristen Stephenson, Program Manager
  • Jessi Pederson, Officer
  • Randy Huggins, Specialist
  • Suzie Ricard, Management Assistant
  • Visit us online now! Click here.