Prescott


Prescott Valley

&

Chino Valley

Gurley Street, Prescott, Arizona, 1871

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Prescott Arizona Economy Information

Prepared by the Arizona Department of Commerce

Prescott is located in central Arizona amid the largest strand of Ponderosa Pine in the world. Since Prescott's founding as the first territorial Capital of Arizona and the  establishment of nearby Fort Whipple, government has been a dominant sector in the city's economy. Prescott is the headquarters of the Prescott National Forest and is the Yavapai County seat. The city is named in honor of William Hickling Prescott, a noted historian.

 

FOUNDED: 1864

COUNTY: Yavapai County

ELEVATION: 5,400 Feet

INCORPORATED: Yes, 1883

HIGHWAYS: I-17, SR 89,69

DISTANCE TO PHOENIX: 102 miles

DISTANCE TO TUCSON: 213 miles

DISTANCE TO LAS VEGAS: 251 miles

DISTANCE TO LOS ANGELES: 379 miles

DISTANCE TO FLAGSTAFF: 95 miles

 
Population
 199019981999
Prescott26,559234,61035,785
Yavapai County107,714148,500155,900
Arizona3,665,2284,7640254,924,350
Sources: Arizona Dept of Economic Security & U.S. Census Bureau

 

Principal Economic Activities
Prescott is the center for trade in the region, with abundant retail establishments, professional services and manufacturing plants. Yavapai Regional Medical Center & Veterans Administration Hospital provide excellent diagnostic emergency and treatment centers. Travel and tourism, cultural institutions and government offices are important to Prescott's economy. Prescott National Forest, area lakes, and established trail and park systems provide numerous outdoor activities for residents and visitors.
County Employment19901999
Agricultural, Forestry  Fishing169 
Construction23684325
FIRE13752125
Manufacturing24903250
Mining843925
Retail Trade7548 
Services827714,225
TCPU10441375
Trade 12874
Source: Az. Dept of Economic Security and U.S. Census Bureau
 
Major Private Employers
1. Wal-Mart
2. Embry-Riddle Aeronautical Univ.
3. Phelp-Dodge Bagdad Copper
4. Sturm Ruger & Company
5. Yavapai Regional Medical Center
Major Public Employers
1. State of Arizona
2. City of Prescott
3. Prescott Unified School District
4. Veterans Administration Medical Center

5. Yavapai County

 

 

 

Labor Force Data
 199019981999
Civilian Labor Force11,41216,65017,121
Unemployment583622647
Unemployment Rate5.1%3.7%3.8%
Sources: Arizona Department of Economic Security
 
Growth Indicators199019981999
New Building Permits5119481068
Taxable Sales ($)$380m$658m$717m
Net Assessed Valuation ($)$139m$244m$278m
Sources: Ariz State Univ, Arizona Dept of Revenue
 

 

Scenic Attractions
Prescott is rich in historic and scenic attractions. Sharlot Hall Museum and the Smoki Museum contain pioneer and Indian artifacts. Nearby recreational opportunities include: Thumb Butte, Prescott's outstanding landmark; scenic drives, such as the Senator Highway, and the Prescott national Forest, which contains more than 1.2 million acres of land. A number of lakes are within the vicinity, including Lynx, Granite Basin, Watson, Willow and Goldwater. Major annual events include Territorial Days, Bluegrass Festival, and All-Indian Pow-Wow in June; The Prescott Frontier Days Rodeo and Celebration on the Fourth of July; The Phippen Western Art Show on Memorial Day weekend; The County Fair and the Faire on the Square in September; and the Christmas Parade and Courthouse Lighting in December.


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