Tactic C2.2

Opportunities (mid-term goal)

Investigate supply chain opportunities and identify new economic clusters.

Opportunities exist to broaden the base of businesses operating in Sedona that are not necessarily related to tourism.

Identifying business buying patterns, products, and services purchased outside of the area is a prime opportunity. New businesses could be developed in Sedona so that purchases are made in Sedona rather than imported from elsewhere.

Additionally, investigating local waste streams to develop new ideas in recycling/sustainable initiatives might inspire new products such as hand-made candles made from recycled wine bottles, or art made from recycled goods.

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IMPACTED PILLARS

TIMEFRAME Mid-term (2-3 years)

LEAD PARTNER City of Sedona

SUPPORTING PARTNERS Yavapai College, Regional Economic Development Center, Small Business Development Center, Verde Valley Regional Economic Organization

ALIGNING RESEARCH Industry Best Practices

TARGET / STATUS TO DATE

1. Range of opportunities targeted for attraction and retention
2. Successful attraction of new businesses and retention