Tucson Regional Economic Opportunities, Inc.
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Momentum: TREO's Newsletter

  May 2007
Issue 5


TREO Board of Directors

Honorable Robert Walkup
,
Co-Chair
Mayor, City of Tucson

Honorable Sharon Bronson
Co-Chair
Acting Chair, Pima County Board of Supervisors, District 3

Elizabeth Gonzalez-Gann
Treasurer
President, Janco Janitorial

Frances McLane Merryman
Secretary
Senior Wealth Strategist, Northern Trust, NA

Steve Christy
Owner & General Manager, Steve Christy Chrysler Jeep

Richard Imwalle
Chairman, Bank of Tucson

Robert Cashdollar Jr.
President & CEO, Apache Nitrogen Products, Inc.

Dr. Robert Shelton
President, The University of Arizona

Dr. Roy Flores
Chancellor, Pima Community College

Honorable Paul Loomis
Mayor, Town of Oro Valley



Benefactor Investors










Trustee Investors



























Welcome New Investors

TREO is pleased to welcome our new investors since December:

Bank of Tucson

Beach, Fleischman & Co.

Blue Cross Blue Shield of Arizona

Business Development Finance Corporation

Caid Industries

CB Richard Ellis

Compass Bank

Diamond Ventures, Inc.

Downtown Development Corporation

Environmental Strategies

Inside Tucson Business

Quarles & Brady LLP

River Walk Luxury Town Home Community

Solutus Partners, Inc.

Tucson Airport Authority

Tucson Association of REALTORS® 

Walsh Bros. Office Systems

Click
here to see all of TREO's investors.
 

Did you know?
The Data Center on TREO's Web site is frequently updated with current statistics and data from the Tucson region, including information on Tucson's largest employers, the Cost of Living, and monthly updates of Tucson Housing Statistics.


TREO Receives Award
TREO was recently the recipient of the 2006 Print Excellence Silver Award for Corporate Identity work. The nomination was submitted to PIAZ, a printer's association, on behalf of West Press, one of TREO's printers. Congratulations go to Vicki Polheber, TREO's Marketing and Communications Manager, for her outstanding work in building TREO's creative branding and identity locally and nationally.


Newsletter Feedback
 
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To send feedback, or if you wish to be removed from this distribution list, please send an email to Erin.Coulter@treoaz.org.

President's Message      

What's Different About This Plan?
In my twenty-plus years running economic development groups, I have learned that the greatest cities and regions have a common vision and an action plan to achieve that vision. When I arrived in Tucson and began learning about our region’s issues and concerns, I realized quickly that we’re a diverse community with many worthwhile programs and activities. Better coordination, communication and agreement to what we are trying to achieve is needed. We cannot operate this way any longer if we truly want to compete in a global economy and win our fair share of prosperity. We cannot simply produce great marketing and hope our cuts and bruises don’t show. We must improve our product: we’re selling Tucson for all of us.

Now, we have TREO's Economic Blueprint, a community-developed vision for building an economically vibrant, competitive and sustainable economic engine in Southern Arizona. The “Power of Five” are critical gears that all must fit tightly, turn in unison, and hum economically in order for us to move forward, period. And move forward we will. This is not just a report on what we can do. Learn more about how you can be involved and how TREO will lead this process of Blueprint implementation.

What’s different? Quite simply, four very important factors: 1) 6,000 community voices in the process, resulting in a plan we can all implement together; 2) a complete up-to-date economic analysis that tells us what we’re good at and what we can focus on to leverage our strengths and improve; 3) a brand-new “Annual Community Report Card” which will begin to track and report annually on indicators of Tucson’s economic health and progress in Blueprint implementation; 4) and, probably most important of all: timing.

Tucson is at a tipping point of becoming a large metropolitan region who just cannot afford to wait any longer. We have the capacity and resources to create a sound, vibrant, healthy and stable economy. It's there if we are willing to work for it.

Securing Our Future Now:
March 28, Fox Theatre

Mayor Robert Walkup and Tomas Leon, President of the Tucson Hispanic Chamber of Commerce at TREO's Economic Blueprint Rollout event.


Achieving a Competitive Economy
TREO's Economic Blueprint and it's five strategic thrust areas - The Power of Five - are a guiding vision for Tucson to strategically plan for the future of this fast-growing community. The plan includes specific, action-oriented strategies for each of the five thrust areas, all of those strategies sharing a common purpose of contributing to a vibrant economy. The five thrust areas are:
 High-Skilled/High-Wage Jobs
 Educational Excellence
 Urban Renaissance
 Livable Communities
 Collaborative Governance & Stewardship.

Read more about TREO's
Economic Blueprint and Power of Five
.



Economic Blueprint Implementation: What happens next?
TREO's Economic Blueprint provides the Tucson region with an economic vision for the future, in addition to a framework for implementation. Although each of the Power of Five gears detail action-oriented strategies, there is much work to be done throughout the community to determine exactly how these strategies will be carried out in concert with other efforts. The next steps include creating a mechanism, engaging stakeholders further, developing action plans, and securing financial resources (as necessary).

What's Next?
We know the community is ready to act. Since the March 28th Blueprint rollout and the Regional Town Hall, TREO, SALC and other groups have been working hard to develop a plan that will mobilize the community in each of the five strategic areas. Look for an announcement soon about a structure and mechanism that will move the Power of Five forward.

Learn More
Read more about why Tucson needs an Economic Blueprint and why the Blueprint is different from other strategic plans developed in the past in the President's Message.



Students from the Metropolitan Education Commission's Youth Advisory Council attended TREO's Economic Blueprint Rollout.

Latest Relocation News 
May 3, 2007 - Target, one of the nation's largest discount merchandise store chains, announces that it will open a new fulfillment center in Tucson, Ariz. for its on-line business, Target.com. Read the full Press Release.

March 1, 2007 
Global Investment Recovery, Inc., an international recycler of computers, telecommunications equipment, consumer electronics, and classified military electronics, acquires a new Tucson facility to provide electronic recycling services to existing customers and other potential customers located in the southwest region of the United States. Read the full Press Release.


TREO Staff Focused on Business Development and Expansion 
A new feature planned for every issue of TREO's e-Newsletter is an update from the Business Development department. Below is a sample of the type of information that will start to be reported on a regular basis in the Momentum e-Newsletter.

Business Development Activity Report
(As of April 20, 2007)


Attraction - 21 Active Projects




Retention/Expansion - 9 Active Projects



Inquiries:

Type
ADOC.................
Site Selector........
Company Direct...
Other..................
#
15
1
17
0
 

Region of Inquiry (Active Projects):

Region
California...........................
Florida...............................
Maryland...........................
Massachusetts....................
Minnesota............................
Wisconsin.........................
Texas................................
Utah..................................
Site selector from Phoenix...
Other.................................

# of Inquiries
7
1
1
2
1
1
2
1
3
4


Third Quarter 2007 TREO Highlights/Achievements:

  • Conducted 124 Business Outreach visits
  • Responded with assistance, advice and/or service to 348 business inquiries
  • Generated $1,917,936 in wealth to local companies through job training assistance and supply chain assistance

Supporting Economic Development Through Private Sector Investment 

Tucson Regional Economic Opportunities, Inc. (TREO) currently has 66 active and committed investors representing our region’s diverse business community. Investors range from companies with 10 to more than 10,000 employees.

Between March 2006 and March 2007 cash investments from the private sector increased by 257%. In March 2006 TREO had received $132,250 from the private sector and in March 2007 had received $471,550.

The number of investors has also increased. In March 2006 TREO reported 18 investors and in March 2007 was up to 63 investors. TREO's Investor Relations reports the current retention rate for investors at 98%.

While we are proud of the growth and support from the private sector, our recently released Economic Blueprint identifies key strategies for TREO to achieve a truly competitive economy. In order to implement the recommendations and proactively market the Tucson region nationally, it will take much more support and funding to achieve these goals and take Tucson to a higher level.

Click here for a list of all TREO's investors.


Portland Picked to be Site of Next Leadership Exchange Trip 
TREO is happy to announce that Portland, OR has been selected as the site for this year's trip, planned for August 8-10.

These invitation-only trips are conducted by economic development groups nationwide to unite their region's most influential civic and business leaders with those of other regions, providing an opportunity for dialogue and the exploration of innovations and solutions to present-day issues facing both regions. TREO instituted these annual Leadership Exchange trips with the Austin delegation in 2006. We are continuing this practice for 2007 with our trip to Portland.

Why Portland? Portland is a regional area of over 2 million residents, with a diverse economy and high quality of life/outdoors culture. It consistently rises to the top of "Best of" lists nationally both in  popular media and economic development rankings:

  • "Five Star Knowledge Worker" Metro (Expansion Management magazine)
  • Top Large City for Doing Business (Inc. magazine)
  • Top City for Balanced Economy and Growth (Inc. magazine)
  • Top 10 Best Places to Live (Money magazine)
  • #3 Best City for Livability (Cities Ranked & Rated)

Portland has achieved particular success in several areas that our new Economic Blueprint focuses on:

  • Downtown development success, sustained over decades
  • Transportation and distribution
  • Nationally recognized regional planning
  • Attraction and retention of the "Creative Class"

More details will be forthcoming. Read the press release announcing TREO's plans to travel to Portland. Click here to read what was learned from the Austin Leadership Exchange Trip in 2006.


AAED Awards Report 
BJ Smith was named the 2007 Workforce Practitioner of the Year by the Arizona Association for Economic Development (AAED) May 3 at an annual awards ceremony held this year in Lake Havasu City, AZ. Read the press release


International News 
Southern Arizona International Program
In the Tucson region numerous organizations engage in international business development. TREO has taken a giant step toward coordinating the region's international trade, foreign direct investment, and other international efforts by serving as a one-stop shop to coordinate all international activities in the Tucson region. Click here for a listing of partners that have all agreed that TREO can serve a critical role in coordinating these efforts.

Simply put, coordinating our international economic development efforts like we currently coordinate our domestic efforts will allow us to accomplish so much more effectively and efficiently. The benefits of international collaboration are enormous. We'll be able to:

  • Accurately measure results
  • Improve efficiency
  • Leverage all resources
  • Strengthen the regional brand through consistent messaging

The Arizona Global Network
The AGN -- a super regional marketing alliance designed to promote foreign direct investment -- is up and running. AGN is a partnership between Phoenix, Flagstaff, Yuma, and the State of Arizona for marketing Arizona to key international markets. The early results are very promising, as AGN Arizona is proactively working to attract foreign companies which will contribute greatly to wealth generation. AGN is another example where we gain more by working cooperatively than as competitors.

Inland Port
The City of Tucson has decided to move the responsibilities of its Inland Port project, formerly known as Puerto Nuevo, to TREO. According to a recent study commissioned by PAG, our region already has most of the capabilities of an inland port:

  • Major east/west Interstates
  • Rail service
  • Intermodal facilities
  • An international airport
  • An active transportation and logistics industry

TREO is now finalizing the steps to put this trade and commerce initiative into action. Make no mistake, this bold step will position us to be an even more powerful global competitor.

Click here for more information about the Inland Port.


Regional Economic Development News
Oro Valley
Sanofi-Aventis, one of the world’s largest pharmaceutical companies, is expanding its facilities and moving to Innovation Park Drive from Foothills Business Park. Backed by a world-class R&D organization, Sanofi-Aventis is developing leading positions in seven major therapeutic areas: cardiovascular disease, thrombosis, oncology, diabetes, central nervous system, internal medicine, and vaccines. Sanofi-Aventis’ Oro Valley facility focuses specifically on combinatorial chemistry.

Innovation Park Drive is also the home of Ventana Medical Systems, Inc, the worlds leading supplier of automated diagnostic systems to the anatomical pathology market. Ventana’s instrument & reagent systems are used in clinical histology, cytology, & drug discovery laboratories. Like Sanofi, Ventana will also be expanding its facilities at Innovation Park to over 300,000 sq ft.

The corner of Oracle and Tangerine will be the future home of Oro Valley Marketplace. Tenants identified to date include, Cinemark Theatres, Cost Plus World Market, the Keg Steakhouse & Bar, Best Buy, Olive Garden, Wal-mart Supercenter, Danny’s Gourmet Market, Chase Bank, Linens N’ Things and Dick’s Sporting Goods.

Click here to learn more about economic development in Oro Valley.

Sierra Vista
Within two years, the Network Enterprise Technology Command (NETCOM), headquartered in Fort Huachuca, will have a new Network Operating Facility to monitor activities within the United States, according to the Sierra Vista Herald. A groundbreaking ceremony was held in April for an $18 million, two-story, more than 53,000-square-foot building that will take between 18 and 24 months to complete.


                  
                  120 North Stone Ave., Suite 200
                          Tucson, Arizona 85701
      520.243.1900 * 1.866.600.0331 * Fax 520.243.1910
                       www.treoaz.org