The US Economic Development Administration recently presented a $1.9 million grant check to Embry-Riddle Aeronautical University for the construction of a new business incubation and acceleration center.  The 10,000 sqft building will be LEED certified and will serve as a center to work closely with the projected 160-acre mixed use technology park. 

The US Economic Development Administration looks to put money into areas where they will get the most return on investment and affect the greatest number of individuals.  Local, state and federal representatives were on hand at the Prescott city Council meeting October 14th to witness the presentation of the funds.  Our Governor, Janet Napolitano, hopes that the project will help to infuse economic development in Prescott and the surrounding Arizona regions.  The proposed Embry-Riddle building is slated to be completed in 2010.

For more information about Prescott real estate please contact Tim Anderson or feel free to use our complimentary Prescott Area MLS Search.

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