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Central Arizona Regional Economic Development Foundations Presentation
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Central Arizona Regional Economic Development Foundations Presentation


This presentation was made to the Maricopa City Council at the August 18, 2009, City Council Meeting.

This presentation was made to the Maricopa City Council at the August 18, 2009, City Council Meeting.

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  • 1. Central Arizona Regional Economic Development Foundation Maricopa City Council August 2009 Barry Albrecht CEO
  • 2. CAREDF
    • The Central Arizona Regional Economic Development Foundation (CAREDF) is a regional partnership between the public and private sectors. It’s purpose is to improve and promote the economies of western Pinal County and the communities of Casa Grande, Coolidge, and Eloy. CAREDF is funded through memberships from the public and private sectors of the region.
    • The organization was officially formed in 1984 and is structured as an IRS designated 501(c)(6) non-profit corporation. This IRS designation is a business membership organization.
    • CAREDF maintains three full-time staff: an Executive Director, a Business Development Representative and an Operations Manager.
  • 3. CAREDF Today
    • Funding
      • Private 34%
      • Public 66%
  • 4. CAREDF Board Design
    • The CAREDF board of directors consists of public and private members (26).
    • Among those represented on the board are Pinal County and Local City Elected Officials, Higher Education, Utilities, Workforce, Real Estate, Developers, Media and other Senior Community Leaders.
    • The structure of the board of directors is designed to ensure that each community has a senior level community leader represented.
  • 5. Mission Statement
    • The Central Arizona Regional Economic Development Foundation markets the region and the cities within to targeted industries and facilitates the relocation or expansion of existing businesses that results in primary employment of our citizens.
    • Our emphasis is on building the industrial base and increasing the number of employers in the area; bringing additional dollars into the community through new jobs and new capital investment in buildings, machinery, and equipment; broadening our tax base; and increasing wealth in the communities.
  • 6. Mission Operations
    • Provide development efforts, insight, infrastructure, and resources to accelerate economic prosperity throughout the Central Arizona region.
      • Leverage Regional Assets
      • Build Long-Term Strategic Partnerships (DOC, GPEC, ASU)
      • Promote Regionalism
      • Be an Economic Development "One Stop"
      • Maintain a Customer and Community Focus
      • Serve as Designated Certified Regional REDI Organization for Area Communities
    • Offer an integrated approach of programs and services to support the creation of new businesses and the expansion of existing businesses within the region.
    • Conduct our services with the highest standards of integrity.
  • 7. Success in Economic Development
      • Spirit of Cooperation
      • Community Commitment
      • Regionalizing
      • Maintaining Focus
        • Creating Goals and Identity
        • Strategic Plan
      • Confidence Building
        • Leadership
        • Community
  • 8. Economic Development Services Assist communities in preparing for economic growth by providing facilitation, consultation, education, research, and regional marketing services.
    • Leadership and Facilitation
    • Industry Targeting
    • Site Evaluations
    • Research
    • Resource Identification and Asset Inventories
    • Trend Studies
    • Project Management
    • Legislative Insights
    • Deal Structure Services
    • Product Development Services
    • Incentive Strategy and Design
  • 9. Economic Development Services (Cont.)
    • Marketing activities include the following:
      • Regional and Community Web Page
      • Global Advertising
      • Trade Shows
      • Geographic Trips
      • Industrial Site Marketing and Evaluations
      • Image and Brand Development
  • 10. Communications
    • Provide Qualified Leads and Projects
    • New Regional Community Quarterly Reports
    • Regional Annual Report
    • Legislative Updates
    • Economic Development News
    • Mayor Council Guest Program
  • 11. Central Arizona Regional Economic Development Foundation
    • Questions
    • Barry Albrecht
    • (520) 836-6868