Peoria, Arizona, a suburb in the Northwest Phoenix metropolitan area, is a city that is on the rise. From its stunning northern topography to diverse workforce, Peoria is becoming an increasingly popular place to live and invest.
The quality of life in Peoria is one of the highest in Arizona, ranking the city among the top 100 places to live according to Money magazine. Peoria has a lot to offer including:
- Diverse housing opportunities boasting affordability and master-planned communities
- Award-winning park and recreational amenities including:
- Lake Pleasant with over 10,000 acres of water with two full-service marinas
- 52-acre Rio Vista park and recreation center in the heart of Peoria
- MLB spring training for the Seattle Mariners and the San Diego Padres; the Smithsonian-affiliated Challenger Space Center, and two community theaters
- Peoria Unified School District ranked in the top 17 percent of the 1,500 top-ranking school districts nationwide by Expansion magazine
- Proximity to other Phoenix-area amenities including Phoenix Sky Harbor International Airport, professional sports and NASCAR, culture and the performing arts
Peoria, Arizona has a strategic vision for economic development and wants to be a partner in development projects. Our recently adopted Economic Development Implementation Strategy (EDIS) is the framework for our aggressive approach toward redevelopment, targeted business attraction, business retention and expansion, and the creation of high-wage jobs. Please contact us for all your business needs.
Current Projects and Initiatives
Peoria Eighty Three (P83) – The Entertainment District of Peoria has been the home for the Mariners and Padres spring training since 1993. An Urban Design Master Plan for the 570-acre District was adopted by City Council in 2010 to enhance this already strong community asset by increasing density, establishing a district identity, and creating a sense of place.
Located adjacent to the Loop 101 at Bell Road, the area has tremendous visibility. 2009 Average Daily Traffic on the Loop 101 was 127,000 and on Bell Road was 68,952. Current redevelopment projects will add over 2,000 spaces in parking garages and 500,000 SF in mixed use development.
Bioinspire – Medical Device Incubator - Bioinspire, operated by BioAccel, will offer first-class working space, technical/business assistance and collaborative opportunities. Unique to Bioinspire is its focus on medical devices and, most importantly, that qualified tenants, through BioAccel’s commercialization programs, may receive up to $300,000 for working capital and/or free or greatly reduced rent. The goal of the facility is to enable companies to validate their technologies through proof of concept, thereby facilitating their growth.
Vistancia Commercial Core – The Vistancia Commercial Core is composed of 500 acres of privately-owned, commercially-zoned land that is fully entitled and shovel ready. The land, which is part of the Vistancia master-planned community, is along the Loop 303 in northern Peoria and is the premiere “mega site” in the Phoenix metropolitan area.
Rovey Industrial Park – Peoria’s second “mega site” is the Rovey Industrial Park, with over 300 acres of prime industrial real estate in the well-developed southern tip of the city. The area sits along the BNSF rail line into Phoenix and is adjacent to the Peoria Industrial Park, the Butler Water Reclamation Facility, and the Agua Fria Generating Station. Water is in abundant supply throughout the site, making it ideal for manufacturing and industrial projects.
University Recruitment – In January 2010, Peoria completed a feasibility study and market analysis on attracting higher learning institutions to the city. The results of the study identified three key points:
- The city met or exceeded many of the requirements that such institutions look for when they consider branch campuses
- Total of 108 higher education institutions in the Valley (public and private) – only 26 in the West Valley (west of I-17) and NONE in Peoria
- Programs that are either not available or in limited supply exist in these areas and there are abundant opportunities for NEW advanced degree programs, particularly in these areas:
Peoria Currently has an Exclusive Negotiating Agreement with Trine University for the development of a Peoria branch campus offering bachelor’s and master’s degrees in engineering, computer science, and business.