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Bruce Dusenberry Business Development Consultant Suddath Relocation Systems President & CEO Horizon Moving Systems Vision for Economic Development

Dusenberry serves on TREO’s Business Environment Committee, which explores ways to better support political and business leaders who make decisions that are in the best interest of the community. Initiating and continuing positive communication between these important groups is essential in attracting new business and talent to the region in an increasingly competitive global market and to ensure a healthy business environment and quality of life for residents. 2014 Industry Outlook

The housing market crash experienced throughout the country during the recent recession had a harmful impact on the relocation industry. However, increased business volume seen over the past two years suggests continuing growth in 2014.

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Duane Froeschle President Alliance Bank of Arizona Vision for Economic Development

A frank assessment of the competiveness and responsiveness to existing or incoming employers in our area is necessary, said Froeschle, who serves on the Business Environment Committee. He believes clarity will help private and public leaders work together to enhance the environment for growing job opportunities. He hopes this assessment can be referenced in conversations throughout the community to establish a clearer understanding of the importance of maintaining a business-friendly environment. 2014 Industry Outlook

While Froeschle recognizes the existence of several national economic threats in the banking industry, he believes many businesses have improved their operations and that the region is positioned to lead the economic recovery.

Winter 2014

Ed Hadley President, Southwest USA Walton Development and Management Vision for Economic Development

With Walton’s ownership of more than 10,000 acres in Arizona – primarily in the Sun Corridor – Hadley has the opportunity to make a difference in the area’s development. He believes that Arizona’s success in competing in a global economy depends on its ability to plan for and invest in the region’s infrastructure needs. Hadley, who serves on TREO’s Infrastructure Committee, recognizes the importance of sustainable planning that is both flexible and scalable to accommodate the demands of Arizona’s diverse and improving economy. 2014 Industry Outlook

Housing and land development look positive, although Hadley said growth will continue to be gradual and highly concentrated in core submarkets until employment expansion warrants normal growth absorption for all real estate uses.

Mike Hammond President & CEO Cushman & Wakefield ǀ PICOR Commercial Real Estate Services Vision for Economic Development

Hammond serves on the Infrastructure Committee because of its vital role in the region’s economic growth. If the region is to provide a vibrant community offering quality jobs – for today’s workers and tomorrow’s – the region must strategically invest in new infrastructure, he said. 2014 Industry Outlook

Tucson and Southern Arizona depend heavily on government spending, which is not likely to increase significantly in the near term and could drag down the economy. Hammond said the private sector is rebounding, however, particularly in housing. He believes our proximity to Mexico – as well as the recent burst in activity from the bioscience and mining industries – will help our economy. Overall, his outlook is for slow growth in 2014.

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