Glendale, AZ - Economic Development
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September 2016 – Issue 13
Glendale Office of Economic Development
 

 

Conair Expands in Glendale; will be the 2nd largest corporate campus in Metro Phoenix

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.

The full press release can be found here.

 

 

H&M Metal Processing Locates to Glendale

The City of Glendale is pleased to welcome H&M Metal Processing to the community. H&M Metal Processing recently selected Glendale as the site of their newest facility, locating into 20,000 square feet near 55th Ave and Bethany Home Road. H&M’s process is used to protect a wide array of metal components from aerospace to auto racing to defense, through a thermochemical process that simultaneously diffuses nitrogen and carbon onto the surface of ferrous metals creating an extremely durable black surface coating. 

 

 

Glendale Holds Start Up School Classes

IDEA CenterGot an idea or need small business assistance? This winter the City of Glendale is launching the Glendale IDEA (Innovation Development and Entrepreneurial Assistance) Center, as a collaboration between the City’s Library and Office of Economic Development. The IDEA Center will be located at the Library’s Main Branch, at 5959 W Brown St. and will offer classes and programming for entrepreneurs and job seekers.

As part of the programming, the IDEA Center will be offering ASU Start Up School as part of a partnership with the ASU Entrepreneurship Outreach Network. This six part interactive workshop will run 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 will be held on the third Tuesday of the month. The first workshop – Idea to Profit – was held on September 20th. An upcoming Reference USA training will also be held at the library on October 4th.

 

 

Arrowhead Mall Renovations

If you haven’t visited Arrowhead Towne Center recently, check out this video produced by Glendale’s Channel 11. The story highlights the new retailers that have joined the mall including Lush, Finish Line, Aerie, H&M and Chompies as well as the new interior and exterior improvements.  It also highlights the newly renovated community space and the partnership between Glendale Parks and Recreation to offer classes in the space.

The Apple Store also expanded at the mall with one of the first next generation stores in the US. The grand opening celebration was held on September 24th. The store features a sleek new design and larger retail space.

 

 

Emerging Leaders Workshop

Calling all leaders! The Office of Economic Development and the Glendale Chamber of Commerce are partnering with the Maricopa Corporate College to offer an Emerging Leaders Workshop. The event will be held at Dave and Buster’s at Westgate on October 13th from 8:30 am to 11 am. The course is $49 including lunch and will cover understanding the importance of modeling leadership, the difference between leader and manager, and understanding the importance of setting clear expectations and boundaries.

For more information or to register go to http://maricopacorporate.com/glendaleleader.

 

 

How to Do Business with the FAA

The Phoenix MBDA Business Center is offering a workshop for small businesses on how to do business with the FAA on Thursday October 20th. The FAA relies on equipment, supplies and services from commercial, educational, and non-profits. The event will run from 9am-noon. For more information or to register, click here.

 

 

90 Seconds to Success

FirstBank’s 90 seconds to Success contest is back! Last year’s Arizona winner was Glendale’s own Brelby Theatre. Small businesses can create a 90 second video pitch to describe how the prize will help the company meet its goals. The contest is open to submittals from October 3rd to October 21st, 2016 and the winner will be awarded $20,000. For more information click here.
 

 

Midwestern University Opens Doors to a Future in Healthcare

Midwestern University will be hosting a free public open house on Saturday November 5th from 10am - 1pm. Students will be conducting campus tours, allowing visitors to experience the University’s facilities, clinics and accommodations from a student’s perspective. Staff will be providing information about admissions, while faculty will introduce the many degree programs available. The campus is located at 19555 N 59th Ave. To register please call 888-247-9277, send an email to admissaz@midwestern.edu or register online at http://www.midwestern.edu/AZOpenHouse.  Learn more about the event here.
 

 

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.

Glendale participated in the Arizona Communities booth at the International Council of Shopping Centers’ Western Conference show August 31st-September 1st, 2016. The Conference provided the city the chance to reach a number of retailers, site selectors and brokers and highlight the retail opportunities in Glendale.

Staff shared an update of the tremendous amount of economic activity occurring in the city at a recent Visit Glendale Advisory committee meeting. The committee is comprised of representatives of various members of the West Valley tourism industry.

The Office of Economic Development was also able to share an update on the city with the Glendale Rotary Club.

 

 

Glendale Businesses are Being Recognized

  • A.Z. and Associates Real Estate Group was listed on the 2016 Inc 5000 list. This list represents the fastest growing privately held companies in the US.
  • Midwestern University was named one of the 12 most influential healthcare projects in Arizona by Arizona Real Estate Magazine.

 Congratulations to these great businesses!

 

 

What’s New in Downtown Glendale

City Council Vote on CenterlineThe City of Glendale has partnered with the Urban Land Institute on its AzTAP (Technical Assistance Panel) Program, focusing on the Glendale Centerline area from 43rd Ave to 51st Ave. The AzTAP program was developed by the ULI Arizona District Council to help Arizona communities with development and planning issues. ULI Arizona’s goal is to make some of the best and brightest talent and thought-leaders in the industry available to local governments. On September 15th, a Panel Day discussion was held at Glendale City Hall. Twelve expert panelists with diverse experience in subjects ranging from urban design, lending, arts/culture, education, and housing discussed the reality of the land use and real estate issue in the area.

 

 

Glendale 2nd Quarter Building Occupancy

Glendale Growth

Office vacancy rates fell below 20% in 2nd quarter 2016. This marks 8 consecutive quarters of the office vacancy rate declining. In fact, the vacancy rate is nearly 4% lower than the same time a year ago and is now more in line with the overall Greater Phoenix rate.

Industrial vacancy in Glendale crept up slightly this quarter, with the rate rising to 3.1%. However this is still significantly below the metro Phoenix and national rates. The City currently has just under 11 million square feet of industrial property under roof; with Conair’s expansion this will rise to nearly 12 million in the coming months.

The retail sector has been remarkably consistent in Glendale with vacancy rates ranging from 7% to 9% over the past three years. Current retail vacancy is at 7%, nearly 2% below the metro Phoenix average. The largest vacant space in Glendale is just over 50,000 square feet.

 

 

Rate

Retail

Industrial

Office

Square feet Vacant

979,497

347,300

958,618

Square feet Occupied

12,925,296

10,878,539

3,962,097

Percent Vacant

7.0%

3.1%

19.5%

 

Market Comparisons:

 

Glendale:

Metro  Phoenix:     

National:

Retail Vacancy:    

7.0%

8.8%

5.2%

Industrial Vacancy:  

3.1%

10.4%

5.9%

Office Vacancy:    

19.5%

15.7%

10.1%

Source: Costar, 2nd Quarter 2016

 

 

Spotlight on – Aerospace

PwC recently released their 2016 Aerospace Manufacturing Attractiveness ranking and Arizona was #1, showing improvement in industry rank and operating costs. Glendale is a major contributor to the aerospace industry in the state. The city is home to Luke Air Force Base, home of the 56th Fighter Wing. In addition the base is home to the F-35 and will eventually house 144 aircraft in total. Studies have shown that Luke Air Force Base has a $2 B impact on the state’s economy.

Companies like Honeywell Aerospace, Parker Hannifin, Magellan Aerospace and Lockheed Martin all have operations in Glendale, contributing to this significant industry sector. The city is also the location of the headquarters of the state’s Procurement Technical Assistance Center. The PTAC is a program of the Arizona Small Business Development Center network and provides consulting services to business owners interested in learning how to secure government contracts. Additionally West-MEC operates their Aviation Technology program in the city adjacent to Glendale Airport, teaching students the maintenance and repair of aircraft mechanical systems. Through this program the city has a steady supply of qualified workers in the industry.

 

Meet the Glendale Office of Ecoomic Development:

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