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Item Number: H.4. CITY COUNCIL REPORT SUBJECT: Resolution No. 2653 - FY 2027 Agreement with the Greater Phoenix Economic Council (GPEC) MEETING DATE: June 23, 2026 TO: Mayor and Council FROM: Jason Earp, Development Services Director REVIEWED: Reyes Medrano, Jr., City Manager PURPOSE: City Council will consider adopting Resolution No. 2653 approving an Agreement between the City of Tolleson and the Greater Phoenix Economic Council (GPEC) for regional economic development services for Fiscal Year 2027 and authorizing the City Manager to execute the Agreement. BACKGROUND: The Greater Phoenix Economic Council (GPEC) is a regional economic development organization that works to attract and grow quality businesses, promote job creation, encourage capital investment, and enhance the economic competitiveness of the Greater Phoenix region. The City of Tolleson has participated in GPEC's regional economic development program for many years as part of its efforts to attract new businesses and support economic growth. The proposed FY 2027 Agreement establishes the respective responsibilities of GPEC and the City for the period of July 1, 2026, through June 30, 2027. The Agreement outlines GPEC's economic development services, performance measures, reporting requirements, and the City's participation in regional economic development initiatives. DISCUSSION: Through this Agreement, GPEC will continue implementing regional economic development strategies focused on business attraction, retention, expansion, workforce development, and regional competitiveness. GPEC's FY 2027 Action Plan includes efforts to market the Greater Phoenix region, attract qualified business prospects, support targeted industry sectors, promote innovation, and coordinate regional economic development activities among member communities. The Agreement includes specific performance measures established by GPEC's Board of Directors, including targets related to payroll generation, job creation, high-wage employment opportunities, qualified business prospects, international business attraction, and community return on investment. As a participating member community, the City of Tolleson will continue to receive economic development support, prospect referrals, research assistance, marketing opportunities, and representation within the regional economic development network. The Agreement also identifies Tolleson's targeted industries as e- commerce and fulfillment centers, resort and tourist-oriented development, expanded retail opportunities, and small manufacturers with related office and retail uses. Participation in GPEC helps position the City to compete for new business investment opportunities, strengthen regional partnerships, and support long-term economic development objectives. BUDGET IMPACT: The FY 2027 Agreement requires the City to pay GPEC $4,255 for economic development services. The amount is based on GPEC's per-capita funding formula and is subject to annual appropriation by the City Council. Funding for this expenditure is included in the Development Services Department budget for Fiscal Year 2027. RECOMMENDATION: Staff recommends approval of Resolution No. 2653 approving the Agreement between the City of Tolleson and the Greater Phoenix Economic Council for regional economic development services for Fiscal Year 2027 and authorizing the City Manager to execute the Agreement. ATTACHMENTS: 1. Res 2653 FY 2027 GPEC Agreement 06 23 26