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  • Supervisors renew Sun Corridor contract

    Sep 03, 2019 | Read More News
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    The Pima County Board of Supervisors Sept. 3 voted 4-1 to approve renewing a contract with Sun Corridor, Inc. to conduct business expansion and retention services in the county.  

    Sun Corridor is a regional economic development organization and the county has been its major economic development partner for more than 10 years. The annual contract renewal for Fiscal Year 2019-2020 is $650,000. 

    Over the past five years Sun Corridor has assisted more than 60 companies to expand or relocate in Pima County, adding 14,681 new jobs to the region, $1.6 billion in new capital investment, and a five-year economic impact of $19.8 billion. In addition, the average salary level of the new jobs Sun Corridor helped attract is more than $56,500 per year, which is roughly 19 percent higher than the regional average salary.

    The associated economic growth has also had an effect on the county’s tax base, which grew by more than 27 percent from fiscal year 2014 ($73.5 billion in full cash value) to fiscal year 2020 ($93.5 billion).

    Some of the companies Sun Corridor has been instrumental in attracting or assisting in expansion efforts include Caterpillar (average salaries - $92,400), which recently moved into a newly constructed headquarters with its more than 630 employees, and TuSimple (average salaries - $56,300), a developer of autonomous driving systems for commercial trucking.

    Sun Corridor also assisted regional efforts to solidify expansion plans for Raytheon Missile Systems, which will add nearly 2,000 jobs to its existing local workforce over the next five years. Other existing local employers who underwent major expansions assisted by Sun Corridor include: Mister Carwash, Texas Instruments, GEICO and Amazon.

    The goals of the County’s partnership with Sun Corridor include increasing the number of export-based jobs in the region, helping the County identify workforce training needs, market the County’s economic development properties, and promote Pima County to site selectors across the country. A key economic strategy of the County is to increase workforce training so underemployed residents can gain access to higher paying jobs.

    Sun Corridor also will continue to administer the regional Foreign Trade Zones (FTZ) and assist in the development of Payment in Lieu of Taxes agreements with companies that utilize the zones and the taxing entities impacted by property tax reductions that are required by the federal designation. 

    Sun Corridor was established in 2005, then known as Tucson Regional Economic Opportunities, to consolidate regional economic development efforts into one organization. Sun Corridor has since expanded its service area to include Pinal and Santa Cruz and Cochise counties.