INSIDE THE JULY 2021 ISSUE: Worker Shortage Challenges Small Businesses p. 3
Dr. Nancy Talk Show Inspires p. 8
Large Land Project Expected to Benefit Region p. 4
Community Profile: Soledaddy Builds Boards at Grand Canyon p. 12
Prescott Valley Welcomes New Businesses p. 6
Honoring Women Leaders with Prescott Area ATHENA p. 13
Arizona’s Business Landscape Sees Explosive Growth T
By Theresa Bierer, QCBN
he summer of 2021 is leading the record books for businesses relocating to Arizona, including semiconductor manufacturers, electric car makers and many other tech companies. While most relocations and expansions are happening in the Valley, Northern Arizona is also attracting new companies. CP Technologies in north Prescott is
a good representation of the trend. The defense company, which also builds unmanned aerial vehicles, opened its doors earlier this year after relocating from San Diego. President and CEO Mike McCormak said California’s high taxation and cost-prohibitive regulations had him looking at other states. After considering Texas, Nevada, Utah and Alabama, Arizona was the clear choice for new company headquarters.
“The reason we chose Arizona was because the state made it a no-brainer with financial support and a lack of bureaucracy,” said McCormak. Other incentives were supportive local officials, and proximity to an airfield, Embry-Riddle Aeronautical University and Yavapai College, he said. “Of all the options, Prescott was best for our business and staff. with its amenities and cost of living,” McCormak added. It was important to him that the
move improved the quality of life for his staff members. McCormak worked closely with John Heiney, Prescott’s community outreach manager. In the past couple of months, Heiney also has hosted other California companies considering a move to Prescott. “By the time a company is looking at site selection, they have done their research on what their needs are,” he said. Continued on page 39
Job Future Looking Bright at CP Technologies By Ray Newton, QCBN
D
During a ribbon cutting ceremony for the company’s 50,000-square-foot facility, Governor Doug Ducey praised local leaders for bringing CP Technologies to Prescott. Courtesy photo
July 2021 | Issue 6 Volume 9
uring the official ribbon-cutting of the CP Technologies (CP Tech) manufacturing complex, local, national and international leaders predicted a significant increase in high-tech jobs in the immediate Prescott region. CP Tech personnel greeted industry and business leaders and invited guests at the Wednesday, June 9, event at 2620 Deep Well Road on the north edge of Prescott. The program was planned by the Prescott Chamber of Commerce and moderated by long-time Chamber member Sanford Cohen. Several speakers told the crowd about the expected economic impact CP Tech would have on the region and Arizona. “What we’re seeing here in Prescott and Arizona is
the midst of a manufacturing boom,” said Governor Doug Ducey to the 150 or so guests. He praised Prescott leaders for their aggressive support in enticing CP Tech to make Prescott its North American headquarters. “We’re grateful for their investment in Prescott and look forward to their continued expansion.” The governor also welcomed Dr. Uzi Landau, chair of Rafael Advanced Defense Systems (Rafael) from Haifa, Israel; Moshe Elazar, CP Aeronautics president and CEO; and Mike McCormack, CP Technologies president and CEO, who brought the firm to Prescott from San Diego, where it had operated for 24 years. Landau told the crowd that CP Tech is owned by Aeronautics Ltd., an international firm that is 50% owned by Rafael and
50% by private investor Avichay Stolero. It was emphasized that CP North America is independently operated in Arizona. CP North America encompasses a family of brands like CP Technologies, CP Systems and CP Aeronautics. Prescott is now home for all three divisions. Also speaking was Moshe Elazar, recently appointed president and CEO of CP Aeronautics. He said he and his colleagues feel at home in Prescott and are proud to be part of the local community. “We want to play a role as an essential economic player in Arizona.” McCormack told the crowd that locating to Arizona was a “no-brainer.” He said five states had tried to recruit CP Tech to relocate but that Prescott was, without hesitation, the best Continued on page 39
Honoring Prescott Area Women Leaders
Brought to you by
woman
Prescott
HOME | HEALTH | BEAUTY | BUSINESS | LOCAL ISSUES
Quad Cities Business News and Prescott Woman Magazine are proud to host the 2nd Annual Prescott Area ATHENA Awards
Join us for: Prescott Area ATHENA High Tea, an afternoon of Inspiration | Celebration | Networking 4 - 6 p.m., Sunday, Sept. 19, 2021 | Goods from the Garden
The ATHENA program celebrates women who achieve excellence in their profession, provide service to their community and help others, particularly women, become the best they can be.
Nominations are being accepted now through Aug. 1. Tickets are $60 per person; $400 for a table of eight. Visit https://prescottathena.com