PRESCOTT, AZ - Town officials in Prescott Valley have agreed to put $40,000 for promoting regional economic development.
The Prescott Daily Courier reports that the commitment of the money to the Greater Prescott Regional Economic Partnership was approved last week in a unanimous vote by the town council.
Still, Councilwoman Mary Mallory expressed concern about whether other communities would contribute money to support the partnership.
Councilman Rick Anderson noted Chino Valley is the only other local municipality that has committed money to partnership.
Town Manager Larry Tarkowski says the town's business and industrial partners are supporting the partnership.
He says communities are realizing their main competition for industry isn't each other but instead outside the area, such as Flagstaff.