PowerPoint Presentation (Added on 12/14/21)

Glendale Economic 
Growth Scorecard
December 14, 2021

Purpose of the Scorecard
• Review historic and projected trends for various socioeconomic factors
• Compared to Maricopa County and select benchmark cities
• Illustrate how Glendale has transformed into a growth leader in the metro 
area over the past 5 to 7 years
• How have fiscal and annexation policies put in place by the Council created a 
pathway for this transformation

Topic Areas
• Population
• Jobs-Housing Balance
• Labor Force Growth and Commuting
• Fiscal Sustainability-sales tax, general fund revenues, one-time fees, debt
• Land Use and Development Activity
• Office/Industrial Built Space Inventory

Population
• Glendale has added over 21,000 new residents since 2010, with 64% of the 
growth occurring since 2015
• At the same time share of county population has dropped due in part to 
lagged recovery from the Great Recession in the West Valley
• Also intentional based on council strategy to focus on commercial/industrial 
development, infill and workforce housing instead of single family 
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
0
50,000
100,000
150,000
200,000
250,000
300,000
2010
2020
2030
2040
Glendale Population Growth 2010-2040
Glendale Population
Share of County

Jobs per Capita
• Measure of balance between residential and nonresidential development
• At a ratio of 0.40 in 2020, Glendale is well ahead of other West Valley cities like 
Surprise, Avondale, Buckeye and Peoria, and similar to Goodyear
• Glendale’s ratio has increased more sharply since 2010 than other cities
• Glendale is the only West Valley city in the top 5 with a ratio that is increasing 
consistently through 2050
0.15
0.18
0.20
0.25
0.35
0.33
0.36
0.31
0.50
0.46
0.76
1.04
0.30
0.36
0.24
0.29
0.46
0.49
0.41
0.51
0.60
0.65
0.84
1.03
0.00
0.20
0.40
0.60
0.80
1.00
1.20
Surprise
Avondale Buckeye
Peoria
Gilbert
Mesa
Goodyear Glendale
Phoenix
Chandler Scottsdale
Tempe
Jobs per Capita Ratio by MPA
2010
2020
2050
Source:  Maricopa Association of Governments, 2019 Socioeconomic Projections.

Labor Force & Commuting
• The number of employed residents in Glendale in 2020 at 118,642 exceeds the 
number of jobs by place of work at 111,400, based on estimates from MAG.  Given 
the contiguous nature of development in the Phoenix metro area, many people do 
not work in the city where they live.  
• Only about 21 percent of Glendale residents also work in the city based on 2020 
MAG Trip Reduction data. More than twice as many Glendale residents work in 
Phoenix than work in Glendale. 
• It is likely that as employment opportunities in the western part of the city continue 
to increase, the share of residents that both live and work in Glendale will increase.
Where Glendale Residents Work
   Phoenix
57.8%
   Glendale
20.7%
   Peoria
4.8%
   Scottsdale
4.5%
   Tempe
3.1%
   Tolleson
2.0%
   Goodyear
1.5%
   Avondale
1.0%
   Other Maricopa County
4.6%
Where Glendale's Workforce Lives
   Glendale
29.3%
   Phoenix
25.3%
   Peoria
15.8%
   Surprise
8.1%
   Goodyear
5.5%
   Avondale
3.2%
   Buckeye
3.0%
   El Mirage
1.7%
   Other Maricopa County
8.1%

Fiscal Sustainability - Sales Taxes
• Since 2005, per capita sales tax collections in Glendale have grown from $462 to $735, adjusted for 
inflation, due to an increase in the number of retailers and restaurants in the city 
• Compared to Gilbert and Peoria, Glendale ranks highest in terms of construction, amusement, hotel 
and commercial and residential leasing collections per capita, while the other cities have higher 
restaurant collections per capita
• This is due to the recent volume of construction activity, the level of amusement and hotel 
development in the Sports and Entertainment District and the overall inventory of leasable commercial 
space and apartments in Glendale
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
Hotels & Amusement
Res/Comm Leasing
Construction
Restaurants
Per Capita Taxable Sales
Peoria
Gilbert
Glendale

Fiscal Sustainability-General Fund Revenues
• Over the past 10 years, general fund revenues increased by close to 40 percent from $174 million in FY10 
(adjusted for inflation), to $241 million in FY20 
• Annual general fund revenues are $62 million higher in FY20 than in FY15, despite only a 6 percent increase 
in population during that time. From FY10 to FY20, per capita general fund revenues have risen from $765 
to $972 (adjusted for inflation), allowing the city to enhance its quality of services and fund deferred 
infrastructure investment
• One-Time Revenues have also increased dramatically from $4.5M in FY18 to $37M in FY21
$0
$200
$400
$600
$800
$1,000
$1,200
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
FY05
FY10
FY15
FY20
Total and Per Capita GF Revenues
Total ($000)
Per Capita
$4.5
$12.7
$15.6
$37.0
$10.7
$0
$5
$10
$15
$20
$25
$30
$35
$40
FY18
FY19
FY20
FY21
FY22 Jul-Sept
Annual Planning & Permitting Revenues
(millions of dollars)
Source:  City of Glendale Development Services, 2021.

Fiscal Sustainability – Bonded Debt
• Since 2010, the amount of General Bonded Debt per capita in Glendale has 
decreased by 50% from $771 to $384 
• In 2014 when the bond rating dropped to BBB, the Council made strategic policy 
changes to constrain spending and focus on economic development to increase 
revenues
• By 2016, S&P increased the city’s bond rating to A+, and subsequently to AA in 2020
• Dramatic turnaround rating translates into lower interest rates and taxpayer savings  
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
2005
2010
2015
2020
2021
Glendale General Bonded Debt
Outstanding Gen. Bonded Debt ($000)
Debt per Capita

Glendale MPA Land Use
Residential
40%
Commercial 
/Office
5%
Industrial/ 
Other
16%
Ag/Open/ 
Vacant
33%
Transportation
6%
Existing
Residential
49%
Comm/Off/ 
Mixed
11%
Industrial/ 
Other
27%
Open Space
7%
Transportation
6%
Future

Annexations
• Since 2015, the city has completed 17 annexations with 3,875 acres, mostly in Loop 303
• Six active annexations encompassing 736 acres are expected to be approved this fiscal year

Construction Activity
• An estimated 14.1 million square feet of nonresidential space permitted and under 
construction in Glendale as of October 2021 - 56% increase in nonresidential 
construction activity over 2020
• This amount of square feet could support an estimated 12,000 to 16,000 new jobs 
based on typical industrial employment density
• From FY16 through FY21, 4,880 new housing units were constructed in Glendale
• The past several years have resulted in a significant increase in multi-family with over 
2,000 units permitted in FY21 along with 566 single family units
0
500
1,000
1,500
2,000
2,500
3,000
2016
2017
2018
2019
2020
2021
Residential and Commercial Permit Activity
Residential Units
Commercial Permits

Office/Industrial Inventory
• As of September 2021, Glendale has 15.8 million square feet of industrial space, 5.7 
million square feet of office space and 500,000 square feet of flex space in inventory
• 5.3 million square feet of new industrial space added since 2016, and industrial space 
currently under construction will close to double the industrial inventory to 30 million in 
the 12 to 18 months
• According to the Colliers, there are 19.2 million square feet of space currently under 
construction throughout the region, with almost 40 percent of that in Glendale
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Glendale Office and Industrial Inventory
Office
Industrial

Growth Factor
Glendale Performance
Population and Demographics
   Historic Growth
+
   Projected Growth
+
   Age Structure
+
   Household Income Level
-
   Household Income Growth
+
   Jobs per Capita-Current
+
   Jobs per Capita-Future
++
Workforce and Commuting
   Labor Force Growth
+
   Commuting/Labor Shed
+
Fiscal Sustainability
   Sales Tax Collections
++
   General Fund Revenues per Capita
+++
   Assessed Value Growth -Residential
+
   Assessed Value Growth -Nonresidential
++
   Bonded Debt per Capita
+++
Real Estate
   Land Use
++
   Permit Activity
+++
   Housing Unit Completions
++
   Nonresidential Inventory Growth
+++
-
+
Glendale keeping pace with county average
++ Glendale exceeding county average, or showing strong improvement over past 5 years
+++ Glendale significantly outperforming and increasing market share
Glendale underperforming county or constraints to future growth