Members of the Pima County Board of Supervisors approved a new contract with Sun Corridor, Inc. by a 4-1 margin on Tuesday, Sept. 3. The contract, worth $650,000 in fiscal year 2019-20, will support the regional economic development organization's effort to recruit new business to the region.
Sun Corridor has brought 14,681 new jobs to the Tucson metropolitan area since 2014, according to a Board of Supervisors release, pumping $1.6 billion in new capital investment to the region.
Sun Corridor has helped more than 60 companies relocate or expand in the region, helping the county's tax base grow by 27 percent from fiscal year 2014 to 2020, the release said.
County officials cited recent expansion efforts at Caterpillar, as well as TuSimple, Mister Carwash, Texas Instruments, GEICO and Amazon as proof that the collaboration is working.
The goal is to increase the number of export-based jobs in the county, while also allowing Sun Corridor to help identify workforce training needs, according to county officials.
Sun Corridor will also continue its role in administering the region’s Foreign Trade Zones and in lieu of taxes agreements.
Sun Corridor, which launched 14 years ago as Tucson Regional Economic Opportunities, has since expanded to neighboring Pinal, Santa Cruz and Cochise counties.