Marshalls is set to open its first Maricopa location and the City is thrilled to see another retailer get in the game! Beyond providing more options for shoppers, the arrival of another department store is significant for Maricopa’s progress as a whole.
Each year, it’s estimated Maricopa residents spend around 365-million-dollars a year in surrounding communities. That means consumers are paying roughly one million dollars a day for goods and services that don’t currently exist in Maricopa. In the world of economic development, that’s referred to as retail leakage and the addition of Marshalls and other commercial businesses is a key in plugging the leak.
“Since its beginning, Maricopa has relied heavily on its neighbors to meet the needs of local consumers. In just a few short years, the City has now positioned itself to entice a wide-range of development, generating revenue which benefits our residents. That momentum is building!”- Nathan Steele, Director of Economic Development
Every job created here in Maricopa creates an opportunity for residents to find work locally and avoid commutes, which in turn contributes towards alleviating congestion. Maricopa’s investment in workforce housing is allowing the City to court large employers that can offer hundreds of high-paying jobs. Landing those employers produces new opportunities and perpetuates the cycle of retail growth and revenue retention.
"We know residents are eager for more businesses, such as grocery stores, gas stations, schools, medical providers, restaurants and others. These needs are tied to our ability to provide a diverse housing stock that can support the growth. The expansion of retail centers around the city is evidence that our position to accomplish our larger objectives of this has never been stronger.”-Mayor Nancy Smith
Original source can be found here.
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