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IDA Grant Quarterly Update 3 Chandler Next Twenty Economic Vitality Report SUBMITTED TO: CHANDLER IDA BOARD JANUARY 31, 2026 GRANT AWARDEE: CITY OF CHANDLER ECONOMIC DEVELOPMENT Project Update Next Twenty Economic Vitality Report The City of Chandler’s Economic Development Division was awarded $150,000 in grant funding to engage Arizona State University (ASU) to prepare a twenty-year economic vitality plan for the city. The Next Twenty report will address multiple topics critical to the city’s future economic prosperity and will complement long- term planning efforts being undertaken for the city’s 2026 General Plan Update. This is the third quarterly update to the Chandler IDA Board and covers the period of November 2025 through January 2026. The following steps have been taken to advance the project over the past quarter: • The ASU Seidman Research Institute team completed a first draft of the Next Twenty report in mid-January, which is being reviewed by city staff. The final version will be presented to the IDA Board during its meeting on April 14, 2026. • Stakeholder engagement has been completed with the ASU Seidman team conducting in-depth interviews with key industry corporate executives, entrepreneurs, civic leaders, and other community stakeholders identified by city staff. Two resident focus group sessions were held on Dec. 9 and Dec. 11 with graduates from the city’s CIVIC program participating. • A progress presentation was given to the Economic Development Advisory Board during its meeting on Dec. 10. • The Thunderbird School of Global Management students completed their work for the Foreign Direct Investment (FDI) section of the report in early December. As a reminder, the city applied for Thunderbird’s Global Challenge Lab, which simulates a real-world consulting project for its graduate students. A team of five students was assigned to the project and their final deliverable is attached. ECONOMIC DEVELOPMENT IDA GRANT UPDATE | 2 ECONOMIC DEVELOPMENT Apr. May June July Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. IDA Grant Awarded Contract Preparation City Council Approval Seidman Work Thunderbird GCL Draft Report Due Final Report Due IDA GRANT UPDATE | 3 Micah Miranda ECONOMIC DEVELOPMENT DIRECTOR We appreciate the Chandler IDA Board’s support for this project. Please contact us if you have questions about the information provided in this quarterly update. Questions? Michael Winer ECONOMIC DEVELOPMENT PROJECT MANAGER Project Timeline The final report was originally scheduled to be completed in February. It will now be due in March to provide more time for city review and edits by the ASU team. Project Funding To date, $104,156.88 in grant funding has been spent. Of the $150,000 awarded, most ($145,000) was allocated to the contract with ASU Seidman Research Institute. Payment is made in monthly installments with each being one-seventh of the total contract amount ($20,714). Five payments have been made to ASU Seidman. The remaining $5,000 of the grant award was allocated to transportation reimbursements for Thunderbird students working on the FDI piece. They commuted from Thunderbird’s campus in Phoenix to Chandler City Hall for onsite work and submitted a total of $586.88 in mileage reimbursements.