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Action Plan
FY24
GREATER PHOENIX ECONOMIC COUNCIL
gpec.org // 602.256.7700
Chris
Camacho
President and CEO
Greater Phoenix
Economic Council
Letter from:
2
Over the past year, this market has
seen major expansions planned by
prominent companies, including
Intel and Taiwan Semiconductor
Manufacturing Company (TSMC).
Along with their suppliers, these
expansions are bringing billions of
dollars of investments to the region
and quickly making Greater Phoenix
a national hub of semiconductor
innovation. These legacy investments
are bolstered by an increasing
number of startups and small
businesses choosing to establish
themselves in Greater Phoenix —
together growing and diversifying the
regional economy.
Looking toward the future, I am
filled with a sense of excitement and
possibility. This is a time of rapid
change and transformation. New
technologies, ideas and industries are
reshaping the world around us. As an
organization dedicated to economic
development and job creation, we are
uniquely positioned to help shape that
future. This innovative undercurrent is
reflected in the vibrant momentum of
Greater Phoenix, recognized as one of
the fastest-growing and most dynamic
metropolitan areas in the United
States.
At GPEC, we believe Greater Phoenix
has the potential to be a global leader
in innovation, entrepreneurship and
sustainability. This market is home
to the most dynamic and forward-
thinking businesses in the world.
Paired with a talented and diverse
workforce, we are poised to meet the
challenges of the future.
We cannot achieve this vision alone. It
takes a collective effort from business
leaders and policymakers to realize
the full potential of a region. We must
work together to create a welcoming
environment for new ideas and new
investments. A market that fosters
creativity and collaboration ensures
everyone is given the opportunity
to succeed.
The tactics outlined in this action
plan will promote Greater Phoenix
as a leading market that drives
innovation in a dynamic, anti-fragile
and equitable economy where
all residents benefit and prosper,
and reinforces GPEC’s place as a
preeminent economic development
organization, providing value to its
private and public sector partners.
Thank you for your continued support
and dedication to our shared vision.
Chris Camacho
President & CEO, GPEC
“At GPEC, we believe Greater
Phoenix has the potential to be
a global leader in innovation,
entrepreneurship and
sustainability.”
We are an inclusive, diverse family
We are change agents
We lead from the front
We promote intellectual curiosity
We remain on the edge
We are tenacious
We are agile and adapt to change
We are committed to selfless service
Our Mission
Our Values
The GPEC Way
To attract and
grow quality
businesses, and
advocate for
Greater Phoenix’s
competitiveness.
3
Our Vision
Be the leading market driving innovation
in a dynamic, anti-fragile and equitable
economy that enables all residents to
benefit and prosper.
Photo credit: Visit Phoenix
4
GOAL 1
GOAL 2
GOAL 3
Three-year Strategic Plan Goals
Lead an ambitious shared
vision for the region’s
economic future
Enhance the foundation of the
future economy with a focus on
emerging and innovation-driven
industry sectors
Expand organizational capacity
to serve the Greater Phoenix
economic ecosystem and meet
the needs of the market
Action Plan
Tactics
Action Plan
Tactics
Strategic Plan
Strategies
Strategic Plan
Strategies
Action Plan
Tactics
FY24
FY23
Strategic Plan
Strategies
FY25
FY23-25 Strategic Plan Goals:
ACTION PLAN FY24
5
Working collaboratively with partners at the local, state and federal level FY24
will focus on amplifying opportunities for action on economic imperatives
impacting the Greater Phoenix region.
Establish regional economic health
metrics and share them through a
centralized resource
Continue to monitor and amplify
messages addressing regional
imperatives to encourage progress
Provide a platform for
organizations working to address
regional imperatives that expands
their reach
Convene the community to
articulate a vision for the region’s
future and inspire action around
key economic imperatives
Advocate for Greater Phoenix’s
economic roadmap with to state
leadership to gain key investments
Continue publishing thought
leadership that drives a strategic
regional vision using data
and analytics
Utilize the Washington D.C.
ExecMission to advocate for the
region’s federal priorities by
addressing key decision-makers
Drive conversations around
policy priorities that enhance the
pillars of an innovation economy
such as infrastructure, education
and workforce development,
smart and agile land use, and a
capital-friendly environment
Host the 2024 IEDC
Leadership Summit
Utilize owned media channels to
amplify regional messaging and
grow GPEC’s influence
Continue to advocate for national
competitiveness by serving on
the Secretary of Commerce’s
Investment Advisory Council
Pursue national media
opportunities to elevate the region
and proactively shape narratives
about Greater Phoenix
Engage site selection consultants
and key multipliers to enhance
awareness about Greater Phoenix
Be a leading voice regionally
and nationally on economic
development priorities
and strategies
Tactics:
Strategies
FY24: Strategies and Tactics
STRATEGIC PLAN GOAL 1
6
FY24 will build on the successes of the past year, proactively engaging audiences nationally and internationally to reinforce
Greater Phoenix as a premier location for investment and expansion.
Fortify business attraction efforts to
remain best-in-class and execute
on sector-focused strategies
Enhance the perception of the
Greater Phoenix market as a
premier location for people and
businesses to live, grow and work
Lead on data analytics and
cutting-edge research capabilities
to provide intelligence to clients
and stakeholders
Share success stories of companies
expanding and relocating to the region
Convey key messaging that resonates
with international audiences to draw
attention to Greater Phoenix on the
international stage
Collaborate with international groups to
enhance international connectivity and
support foreign direct investment and
expansion in Greater Phoenix
Maintain consistent messaging on key
topics and regional competitiveness by
providing stakeholders with accurate
data and information
Highlight resources for new residents
and companies to assist in their full
integration into the Greater Phoenix
ecosystem
Leverage key stakeholder and partner
expertise to enhance messaging
Develop and circulate data and tools
that assess market risk, workforce
availability, and economic vitality while
identifying upcoming trends
Continue to collaborate with partner
organizations to provide unique data
and analytics that inform activities
related to regional economic
imperatives
Utilize qualitative and quantitative data
points to develop compelling narratives
Tactics:
Strategies
Continue to support efforts in-
market that highlight the regional
entrepreneurship ecosystem and
growth companies to attract capital
interest
Showcase and publicize local
companies that receive investment
via GPEC’s channels
Intensify support for regional
entrepreneurship with a focus
on equity, capital strategies and
innovation in collaboration with
regional partners
FY24: Strategies and Tactics
STRATEGIC PLAN GOAL 2
7
Building on its strong foundation, GPEC will continue to leverage internal
strengths in FY24 to ensure organizational health and demonstrable value to
its stakeholders while maintaining best-in-class processes and talent.
Build on GPEC’s strong
reputation to garner more public
company investment
Evaluate federal opportunities
for funding that encourages
innovation and cluster
development in the region
Provide unparalleled value to
investors and maintain high
levels of recurring investment
Grow capacity through increased
investment and diversified
funding to provide resources
that enable execution against
strategic economic initiatives
Grow the reach of GPEC’s Regional
Reports and Ambassador program
to engage regional stakeholders with
captivating content that provides
education about the region
Work with communities via the
Community Partnership Program
to initiate creative solutions and
innovative best practices
Collaborate with research
and economic development
professionals across organizations
to hone best practices in addressing
regional needs
Coordinate with key
stakeholder groups to enable
an agile response to the
needs of Greater Phoenix
Evaluate and benchmark peer
regions to improve upon best
practices and understand
competitive market advantages
Leverage stakeholder expertise to
implement new metrics
Evaluate organizational metrics
to measure impact beyond
business attraction
FY24: Strategies and Tactics
Tactics:
Strategies
Invest in and fortify internal
capabilities through recruitment
and professional development
to maintain a best-in-class
economic development team
anchored in innovation
Continue to highlight GPEC staff
as experts in their respective fields
via recognition, certification and
speaking opportunities
Provide professional development
opportunities to enhance
knowledge and depth of economic
development practices
Remain preeminent in systems
management
Ensure GPEC is a top regional and
national employer by sustaining
a focus on diversity, equity and
inclusion measures
Evaluate best practices and
bylaws to ensure the GPEC’s
Board of Directors remains high-
caliber and activated to support
the organizational mission
Engage GPEC’s Board through
creative opportunities for mutual
support of organizational missions
and further connection with staff
and stakeholders
Activate Board experience to
support GPEC in the execution of
priority initiatives
STRATEGIC PLAN GOAL 3
8
Revenues
Approved
FY24
Approved
FY23
YOY
Var. $
YOY
Var. %
City/County Contract Revenue
$2,863,157
$2,822,580
$40,577
1%
Pledge Revenue
$4,020,525
$3,783,476
$237,049
6%
New Pledges
$425,000
$500,000
$(75,000)
(15%)
In-Kind Contributions
$140,500
$140,500
$-
0%
Special Events & Programs
$202,000
$181,609
$20,391
11%
Sponsorship Income
$320,000
$281,000
$39,000
14%
Grant Income
$-
$-
$-
0%
Other Income
$1,000
$1,000
$-
0%
Total Revenue
$7,972,182
$7,710,165
$262,017
3%
Expenses
Approved
FY24
Approved
FY23
YOY
Var. $
YOY
Var. %
Business Development
$772,695
$716,878
$55,817
8%
Marketing & Communications
$538,268
$474,278
$63,990
13%
Research & Analytics
$297,988
$261,720
$36,268
14%
Engagement
$168,197
$167,647
$550
0%
Strategy
$-
$67,680
$(67,680)
(100%)
Regional Initiatives
$245,365
$249,235
$(3,870)
(2%)
Operations
$467,681
$474,270
$(6,589)
(1%)
Personnel
$4,972,596
$5,072,166
$(99,570)
(2%)
Facilities
$577,001
$561,033
$15,968
3%
Special Events & Programs
$249,000
$181,609
$67,391
37%
Total Expenses
$8,288,791
$8,226,516
$62,275
1%
Net Income/(Loss)
$(316,609)
$(516,351)
$199,742
(39%)
FY24 Metrics
Contract
Target
Stretch
Payroll (in Millions)
$412.84
$458.71
$504.58
Jobs
7,060
7,845
8,629
- High-Wage Jobs
3,738
4,153
4,569
Average High-Wage Salary
$66,243
$73,603
$80,963
Qualified Prospects
233
259
285
- Qualified International Prospects
43
48
53
GPEC Assists
10
12
14
Stakeholder Satisfaction with
Business Attraction 1
7.0
7.3
7.6
Community Return on Investment 2
40:1
44:1
48:1
Stakeholder Satisfaction with
Competitive Position 1
7.0
7.3
7.6
GPEC calculated the metrics for FY24 based on historical
performance and recent trends in office and industrial
prospect activity.
Metrics and
Budget Overview
ACTION PLAN FY24
1 Average result from respondents of EDDT and
Board of Directors end of year surveys
2 ROI is calculated as a ratio of direct revenue
from GPEC locates divided by funding from
GPEC member communities
9
· Apache Junction
· Avondale
· Buckeye
· Casa Grande
· Chandler
· El Mirage
· Fountain Hills
· Gila Bend
· Gilbert
· Glendale
· Goodyear
· Maricopa
· Mesa
· Peoria
· Phoenix
· Queen Creek
· Scottsdale
· Surprise
· Tempe
· Tolleson
· Wickenburg
· Youngtown
Our Communities
22 cities, towns & Maricopa County
Tucson
Sky Harbor
International
Airport
Phoenix-Mesa
Gateway
Airport
Tempe
Mesa
Gilbert
Chandler
Apache
Junction
17
17
40
8
60
60
202
202
101
51
101
101
303
85
85
202
347
Queen
Creek
Casa
Grande
Maricopa
Fountain
Hills
Scottsdale
Phoenix
Tolleson
Glendale
Youngtown
Surprise
Proposed
Route
SR - 30
Extension
Maricopa County
Pinal County
Yavapai County
Maricopa County
Proposed
Route
El Mirage
Peoria
Buckeye
Avondale
Goodyear
San Diego
Los
Angeles
Las Vegas
Albuquerque
0
Distance in Miles
5
10
s
Wickenburg
P
Gila Bend
30mi. NW
of Surprise
30mi. SW
of Buckeye
8
60
24
85
ACTION PLAN FY24
10
Builder Level
• Acronis SCS
• Air2o
• Alliance Bank of Arizona
• American Airlines
• American Express
• Arizona Coyotes
• Arizona Diamondbacks
• Arizona Republic /
LOCALiQ
• Bank of America
• Banner Health
• Benchmark
Electronics, Inc.
• BMO Harris Bank
• BOK Financial
• Brookfield Residential
• CBRE
• Chicanos Por La Causa
• Clayco
• Cousins Properties, Inc.
• Creighton University
• Desert Financial
Credit Union
• Dignity Health
• DMB Associates
• DSV
• Early Warning
• EMD Electronics
• Empire Southwest
• Ernst & Young
• Freeport McMoRan Inc.
• Global Credit Union
• Goodmans Interior
Structures
• Goodwill of Central and
Northern Arizona
• Grand Canyon University
• Helios
• Hensel Phelps
• Honeywell
• HonorHealth
• Intel Corporation
• Isola Group
• JE Dunn Construction
• Kitchell
• Knight-Swift
Transportation
• M Culinary
• Mayo Clinic
• MidFirst Bank
• Mortenson
• Oaktree Capital
Management
• On Q Financial
• Perkins Coie LLP
• Phoenix Suns
• Pivotal Group
• Polsinelli
• Quarles & Brady
• Rise48 Equity
• Sherman & Howard
• Snell & Wilmer LLP
• Squire Patton Boggs
• Valley Metro
• Valley of the
Sun United Way
• Vitalant
• Weitz Company
Advocate Level
• Aerotek
• Aetna
• Alston Construction
• Archicon L.C. Architecture
• Arizona Israel Technology
Alliance
• Baker Development
• Bell Bank
• Blue Cross Blue
Shield of Arizona
• Bridge Relocation
Concierge
• Bristol Myers Squibb
• BRPH
• Bryan Cave Leighton
Paisner LLP
• Brycon Construction
• Burns & McDonnell
• Cancer Treatment
Centers of America
• CapRock Partners
• Colliers International
• Commonwealth Land
Title National
Commercial Services
• Cresa
• Crescent Crown
Distributing
• Crown Realty &
Development
• Cushman & Wakefield
• Davis Architecture
• De Rito Partners
• Deloitte
• Deutsch Architecture
Group
• DFDG Architecture
• Dircks Moving & Logistics
• DLR Group
• DP Electric
• DPR Construction
• El Dorado Holdings
• EmployBridge
• Enterprise Bank & Trust
• Equality Health
• Everest Holdings
• Expedient
• FCL Builders
• FirstBank
• Flinn Foundation
• Gammage & Burnham
• GCON
• Global Roofing Group
• Gray Construction
• Graycor Construction
• Green Maple Law Group
• Haydon Building Corp
• hardison/downey
construction
• Hensley
• Hines
• Holualoa Companies
• HotFoot Recruiters
• Hunt, Guillot &
Associates, LLC
• Immedia
• Irgens
• JLL
• Land Advisors
Organization
• Lee & Associates
• Lincoln Property
Company
• Mack Real Estate Group
• Meritage Homes
• MHG Relocation Services
• MST Solutions
• Nationwide Realty
Investors
• Northern Trust
• Off Madison Ave
• Okland Construction
• Olsson
• OneAZ Credit Union
• Opus Development
Company
• Page
• Partners Personnel
• Pathward
• Phoenix Children’s
Hospital
• Preferred Lending
Partners
• Rexco
• Rider Levett Bucknall
• RK Logistics Group
• RSM
• Ryan Companies US Inc.
• SDB Contracting Services
• Silicon Valley Bank
• Skanska
• SmithGroup
• Social Television
Network (STN)
• Southwest Airlines
• Southwest Gas
Corporation
• Spencer Fane LLP
• Sunbelt Holdings
• Sundt Construction
• Terracon
• The Howard Hughes
Corporation
• The Plaza Companies
• Trammell Crow Company
• Transwestern Commercial
Services
• TSMC
• University of Arizona
• USAA
• ViaWest Group
• Wespac Construction, Inc
• Wexford Science +
Technology
• Willmeng Construction
• Wist Office Products
Supporter Level
• Air Products and
Chemicals, Inc.
• Arizona Community
Foundation
• Atmosphere Commercial
Interiors
• Avnet Inc.
• BNSF Railway
• Caliber Companies
• Carvana
• Chicago Title Insurance
Company - Arizona
• CoStar Group
• Cypress Office Properties
• Enterprise & National
Car Rental
• Equity Land Group
• Girl Scouts – Arizona
Cactus - Pine Council
• Globe Corporation
• Horrocks Engineers
• Industrial Storage
• KTAR
• Lyft
• Macerich
• Merit Partners
• Meta
• Midwestern University
• MSSBTA
• National Bank of Arizona
• Newmark Knight Frank
• Northrop Grumman
• Prologis
• qBotica
• RED Development
• Resolution Copper
• Sunstate Equipment
Company
• TerraCap Management
• The Austin Company
• Trinity Capital
Investments
• Union Pacific Railroad
• Van Trust Real Estate LLC
• Western State Bank
• WhiteHaven
• Zillow
Visionary Level
Champion Level
Accelerator Level
Investors
As of May 3rd, 2023
ACTION PLAN FY24
11
Connect. Engage. Listen. Share.
Engage with us year-round for timely updates
on the innovative ways we’re advancing
Greater Phoenix, together .
12
Page 1 of 1
EXHIBIT B
GPEC PERFORMANCE MEASURES
FY 2024
Specific performance targets as established by the GPEC Executive Committee and
Board of Directors:
1. Payroll Generated
$412.84M
2. Total Number of Jobs Created
7,060
3. Total Number of High-Wage Jobs1
3,738
4. Average High-Wage Salary
$66,243
5. GPEC Assists2
10
6. Number of Qualified Prospects
233
7. Number of Qualified International Prospects
43
8. Community Return on Investment3
40:1
Footnotes:
1.
High Wage Jobs: High wage jobs are those that are over 130% of the Phoenix MSA Median Wage (currently $59,245).
2.
GPEC Assists: Companies that located in the region, for which GPEC provided assistance, that do not qualify as a locate
due to project size for example; and would otherwise be listed as “non-reported locates.”
3.
ROI is calculated as a ratio of direct revenue from GPEC locates to all member communities divided by funding from GPEC
member communities
Page 1 of 3
EXHIBIT C
TARGETED INDUSTRIES
FY2024
GPEC and our member communities have identified targeted industries on a local and regional level,
incorporating these industries into a regional economic development plan. For fiscal year 2024, GPEC
will continue its emphasis on the following: Advanced Business Services; Aerospace & Defense; Battery
& Energy Storage; Emerging Technologies; Healthcare and Biomedical; Manufacturing & Logistics;
Mission Critical Operations; Semiconductor Ecosystem; and Software.
Member communities will target the following:
Apache Junction
Manufacturing (focus on electronic equipment & components and electric & autonomous vehicles),
distribution/logistics, retail, and hospitality/entertainment/tourism
Avondale
Healthcare; hospitality/tourism; manufacturing & logistics, technology; retail & entertainment; and
technology
Buckeye
Advanced business services; renewable energy; high tech (data center and services); environmental
technology/sustainability; standard and advanced manufacturing; medical and educational institutions;
logistics/transportation/distribution; small business/incubator; aerospace/aviation; and ag-tech
Casa Grande
Advanced manufacturing; automotive technology; transportation/logistics; healthcare/medical services;
aviation/aerospace; and hospitality/entertainment
Chandler
Advanced business services; corporate/regional headquarters; healthcare; advanced manufacturing;
software development; aerospace/aviation; automotive technology; and applied research
El Mirage
Business Services; standard and advanced manufacturing; transportation; warehousing/distribution; heavy
industrial; food, fiber, and natural products; and aerospace aviation
Fountain Hills
Advanced business services; financial services; healthcare, medical, bio-life sciences and wellness;
entrepreneurship/small business; tourism; and retail
Gila Bend
Clean technology (manufacturing/central station generation/R&D);
warehousing/transportation/distribution; military supply chain; tourism/hospitality; standard
manufacturing; agriculture/agri-biotechnology; food, fiber and natural products; aerospace/aviation; and
heavy industrial
Page 2 of 3
Gilbert
Aerospace/aviation and defense; advanced business and professional services; finance and insurance;
healthcare and education services; information communication technology; manufacturing; clean and
renewable technology; and related corporate/regional headquarters
Glendale
Advanced business services; aerospace, aviation and defense; healthcare and bioscience; manufacturing;
technology and innovation
Goodyear
Advanced business services; advanced manufacturing; medical manufacturing; aerospace, aviation and
defense; corporate and regional headquarters; entrepreneurial/start-ups; technology; healthcare and
biomedical (treatment, medical diagnostics, research & development); and higher education
Maricopa (City)
Professional and business services; healthcare services; small business and entrepreneurship; higher
education and education technology; agribusiness/agrisciences; and visitor/hospitality commerce;
semiconductor; EV manufacturing; high tech; and research and development
Mesa
Standard and advanced manufacturing including medical device; automotive technology and
aerospace/aviation/defense; advanced business services; cybersecurity; information technology;
healthcare/life sciences; mission critical operations; tourism; regional and corporate centers; and research
& development
Peoria
Advanced business and financial services; aerospace/airport; advanced manufacturing; bioscience and
healthcare; technology and innovation; innovation; and research and development
Phoenix
BioSciences/healthcare; advanced business services; advanced manufacturing; data centers; sustainable
enterprises; emerging industries, EV and their supply chains; higher education; trade and FDI; circular
economy; food system entrepreneurship and innovation
Queen Creek
Advanced Manufacturing; agritainment/destination tourism; healthcare; I.T./software; and business
services
Scottsdale
IT services and software; financial and insurance services and technology; healthcare services and
innovation; logistics Management; tourism; and corporate headquarters
Surprise
Advanced business services; advanced manufacturing and rail-served industry; corporate/regional
headquarters innovation/entrepreneurship/emerging technology; medical, healthcare and life science
technologies, services; signature retail; specialty services for global companies/FDI; tourism and
hospitality
Tempe
Advanced business services (financial services); high tech/software (R&D, data center and services);
high-tech/next generation electronics; aerospace R&D/aviation; bioscience (research, drug development,
Page 3 of 3
treatment, medical diagnostics); corporate/regional headquarters; sustainability (environmental);
advanced materials/plastics; software as a service; clean tech, renewable energy and manufacturing
Tolleson
E-Commerce/fulfillment centers; resort/tourist-oriented development; expanded retail opportunities; small
manufacturers with some related retail and offices
Wickenburg
Resort/tourist-oriented development; healthcare with an emphasis on behavioral health; transportation &
distribution; expanded retail opportunities; senior industries, equestrian and rodeo industries
Youngtown
Youngtown is in the throes of developing a commerce park. The park will target second-stage small
manufacturers with some related retail and offices.
Page 1 of 1
EXHIBIT D
FY 2024
REPORTING MECHANISM FOR CONTRACT FULFILLMENT
Monthly Activity Report - Month, Year
BUSINESS ATTRACTION PERFORMANCE METRICS:
GPEC Progress Toward Goals
Annual Contract Actual Goal % of
Targeted Opportunities Goal YTD YTD Goal YTD
KEY BUSINESS ATTRACTION ACTIVITIES AND OTHER GPEC ACTIVITIES
GPEC continues to target high-wage industries (Advanced Business Services; Aerospace & Defense; Battery &
Energy Storage; Emerging Technologies; Healthcare and Biomedical; Manufacturing & Logistics; Mission Critical
Operations; Semiconductor Ecosystem; and Software)
PAYROLL GENERATED (MILLIONS)
NUMBER OF JOBS
NUMBER OF HIGH-WAGE JOBS
AVERAGE HIGH WAGE SALARY
QUALIFIED PROSPECTS
QUALIFIED INTERNATIONAL PROSPECTS
GPEC ASSISTS
COMMUNITY RETURN ON INVESTMENT
Page 1 of 3
EXHIBIT E
INSURANCE REQUIREMENTS
The City’s insurance requirements are minimum requirements for this Agreement and in no
way limit the indemnity covenants contained in this Agreement. The City in no way warrants
that the minimum limits required of GPEC are sufficient to protect GPEC from liabilities that
might arise out of this Agreement for GPEC, its agents, representatives, employees or
Contractors and GPEC is free to purchase such additional insurance as may be determined
necessary.
A.
Minimum Scope and Limits of Insurance. GPEC shall provide coverage at least as
broad as the categories set forth below with limits of liability in amounts acceptable to
the City.
1.
Commercial General Liability - Occurrence Form
(Form CG 0001, ed. 10/13 or any replacements thereof)
General Aggregate/ per Project
Products-Completed Operations Aggregate
Personal & Advertising Injury
Each Occurrence
Fire Damage (Any one fire)
Directors and Officers
Medical Expense (Any one person)
Optional
2.
Automobile Liability - Any Auto or Owned, Hired and Non-Owned Vehicles
(Form CA 0001, ed. 10/13 or any replacement thereof) Combined Single Limit
Per Accident for Bodily Injury and Property Damage
3.
Workers' Compensation and Employers' Liability
Workers' Compensation
Statutory
Employers' Liability
B. Self-insured Retentions. Any self-insured retentions must be declared to and approved
by the City. If not approved, the City may request that the insurer reduce or eliminate such
self-insured retentions with respect to City, its officers, officials, agents, employees and
volunteers.
Page 2 of 3
C. Other Insurance Requirements. The policies are to contain, or be endorsed to contain, the
following provisions:
1.
Commercial General Liability
a.
The City, its officers, officials, agents, employees and volunteers are to be
named as additional insureds with respect to liability arising out of: activities
performed by or on behalf of GPEC, including the City's general supervision of
GPEC; products and completed operations of GPEC; and automobiles owned,
leased, hired or borrowed by GPEC.
b.
GPEC's insurance shall include broad form contractual liability coverage.
c.
The City, its officers, officials, agents, employees and volunteers shall be
additional insureds to the full limits of liability purchased by GPEC, even if those
limits of liability are in excess of those required by this Agreement.
d.
GPEC's insurance coverage shall be primary insurance with respect to City,
its officers, officials, agents, employees and volunteers. Any insurance or self-
insurance maintained by City, its officers, officials, employees or volunteers shall
be in excess of GPEC's insurance and shall not contribute to it.
e.
GPEC's insurance shall apply separately to each insured against whom
claim is made or suit is brought, except with respect to the limits of the insurer's
liability.
f.
Coverage provided by GPEC shall not be limited to the liability assumed
under the indemnification provisions of this Agreement.
g.
The policies shall contain a waiver of subrogation against City, its officers,
officials, agents, employees and volunteers for losses arising from work performed
by GPEC for the City.
2.
Workers' Compensation and Employers' Liability Coverage. The insurer shall
agree to waive all rights of subrogation against City, its officers, officials, agents,
employees and volunteers for any and all losses arising from work performed by
the Contractor for the City.
D.
Notice of Cancellation. Each insurance policy required by the insurance provisions of
this Agreement shall provide the required coverage and shall not be suspended, voided,
canceled by either party, reduced in coverage or in limits except after thirty (30) calendar
days’ prior written notice has been sent to City at the address provided herein for the giving
of notice. Such notice shall be by certified mail, return receipt requested.
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E.
Acceptability of Insurers. Insurance is to be placed with insurers duly licensed or
approved unlicensed companies in the State of Arizona and with a "Best's" rating of not
less than A-:VII. City in no way warrants that the above required minimum insurer rating
is sufficient to protect GPEC from potential insurer insolvency.
F.
Verification of Coverage. GPEC shall furnish City with Certificates of Insurance
(ACORD form or equivalent approved by City) and with original endorsements effecting
coverage as required by this Agreement. The certificates and endorsements for each
insurance policy are to be signed by a person authorized by that insurer to bind coverage
on its behalf. Any policy endorsements that restrict or limit coverage shall be clearly noted
on the Certificate of Insurance.
All certificates and endorsements are to be received and approved by City before work
commences. Each insurance policy required by this Agreement must be in effect at or prior
to commencement of work under this Agreement and remain in effect for the duration of
the project.
All certificates of insurance required by this Agreement shall be sent directly to City at the
address and in the manner provided in this Agreement for the giving of notice. City's
Agreement/Agreement number, GPEC's name and description of the Agreement shall be
provided on the Certificates of Insurance. City reserves the right to require complete
certified copies of all insurance policies required by this Agreement, at any time.
G.
Approval. During the term of this Agreement, no modification may be made to any of
GPEC's insurance policies which will reduce the nature, scope or limits of coverage which
were in effect and approved by the City prior to execution of this Agreement.
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Regional Cooperation Protocol Policy
Greater Phoenix Economic Council and Economic Development Directors Team
The foundation of this policy is built on trust and the spirit of regional cooperation among the entities involved.
GPEC and the Economic Development Directors of its member communities agree and acknowledge that it is
important that they work together as partners on projects involving the communities which GPEC represents,
regardless of the source of the lead, as follows:
1. Demonstrate a commitment to the positive promotion of the Greater Phoenix, specifically, GPEC
member communities, as a globally competitive region.
2. Maintain the highest standards of economic development prospect handling, including confidentiality,
without jeopardizing a prospect’s trust to secure the probability of a regional locate. Partners agree to
respect the prospect’s request for confidentiality but also agree to notify each other as to the existence of
a project with a confidentiality requirement when able and shall make a good-faith effort to involve the
appropriate state, regional or local partners at the earliest possible time.
3. Unless otherwise restricted, agree to coordinate through GPEC for any prospect considering a project in
Maricopa County or in any of the communities that GPEC represents, understanding that GPEC is in a
unique position to represent and speak on regional economic development issues and on characteristics
of the region’s economy. Likewise, GPEC acknowledges that communities are in the best position to
speak about local incentives and efforts surrounding the local economy.
4. For projects that originate with a GPEC member community, GPEC will be available for confidential
research access, topical expertise or as a service provider, to add value to the community in securing the
project. Additionally, GPEC will not e-track the project unless the community lead makes such a
request to do so.
5. Provide accurate and timely information in response to specific requests by all prospects. When a client
has narrowed sites to specific GPEC member communities, GPEC will make a good faith effort to
inform those affected EDDT members first. EDDT members agree to provide information solely on
their own community when the information requested is site-specific (i.e., cost of land, taxes,
development fees, utility availability and cost, zoning process timing, permit timing and local
incentives). When site-specific information related to other GPEC communities is requested, EDDT
members agree to (i) direct GPEC prospects back to GPEC or (ii) direct non-GPEC generated prospects
to contact the affected communities directly, and as a courtesy, contact the affected communities.
6. Agree that regardless of the lead source, public locate announcements shall be coordinated among the
company, GPEC member community, and GPEC to reflect inclusiveness and cooperation of all partners
(subject to any confidentiality requirements).
7. GPEC and EDDTs will advocate for a robust operating budget for the state economic development
agency, and champion sound statewide economic development programs and policies.
8. Discourage the proactive offering of local, municipal financial incentives for existing jobs to companies
with current operations in another GPEC community.
9. Inform GPEC member community when a company visits or physical site visit within that community
will occur. Economic Development Directors will be the primary point of contact for the company when
community information is needed.
10. Agree that the consideration of a future community to GPEC’s membership will be brought before
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EDDT for discussion in advance of any board consideration. EDDT will make a recommendation on the
addition of a new community to GPEC’s President and CEO.
11. Formalize a process to convene GPEC and Economic Development Directors of GPEC member
communities biannually, and cooperate in the exchange of information and ideas reflecting practices,
procedures and policies relating to prospect handling and regional economic development.
12. Work collectively to maintain a high level of trust and integrity by and between GPEC and the
Economic Development Directors of GPEC member communities, utilizing differing views as an
opportunity to learn.
13. When conducting market intelligence initiative objective, GPEC staff will coordinate with EDDT to
ensure coordination and communication.
14. When a Prospect Information Form (PIF) is issued by the state economic development agency GPEC
will coordinate the region’s response. All PIF submissions will be directed to GPEC’s attention and
GPEC will assemble the response and return to the state economic development agency.
15. It is understood GPEC will or may host annual executour(s) and/or other marketing familiarization
tour(s) to promote the regional communities. GPEC will make every attempt to provide as much
interaction time between the executour guests and EDDTs. It is understood EDDTS will inform GPEC
of any upcoming executour(s) and/or other marketing familiarization tours scheduled by their office.
16. Partners agree to enter into a mediation process if there is evidence that this Protocol has not been
observed in a material respect or a professional conflict arises that cannot be settled. This mediation
process will be convened by the EDDT Chair, who may, at his/her discretion, consult or involve
GPEC’s President and CEO in addition to others with topical expertise central to the conflict.