City Council Work Session (Amended)


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  6.       
Meeting Date: 09/29/2020  
From: John Saltonstall, Business Retention & Expansion Manager
Department: Economic Vitality  
Co-Submitter: David McIntire

TITLE:
COVID-19 Impacts on the Economy and Local Businesses: The Economic Policy Institute from Northern Arizona University's Franke College of Business Presentation on COVID-19 Impacts.
DESIRED OUTCOME:
The desired outcome is for Council to gain additional insight into the impacts of the pandemic on the local and regional business community that may be useful in governmental decision making.  This presentation is being provided in lieu of the quarterly Business Listening Tour that would typically be held this week with Council. 
EXECUTIVE SUMMARY:
The City of Flagstaff Economic Vitality Division has invited Dr. Joseph Guzman to provide information as to the COVID-19 impacts on the economy and local businesses.  

Dr. Guzman leads the Economic Policy Institute for the Franke College of Business at Northern Arizona University. He and his team have conducted a series of surveys to help understand the direct and indirect impacts of COVID-19 on local and regional businesses.  He is working in collaboration with Chris Pasterz, Coconino County Economic Development Manager, who has convened a group of practitioners (the City of Flagstaff being one of them) and community leaders to help businesses navigate through the COVID-19 pandemic. 
INFORMATION:
The City of Flagstaff Economic Development Program works with several local and regional business and service providers. The Business Listening Tours bring businesses, regional economic developers, and Council together for greater mutual understanding. Under normal circumstances, every fifth Tuesday has been an opportunity for the Economic Development Staff to invite business representatives to share their experiences of locating, operating, and growing their businesses in Flagstaff.

During this time of COVID-19, the Economic Development Offices have partnered with economic development practitioners throughout the region including the Economic Policy Institute at NAU Franke College of Business, led by Dr. Joseph Guzman. Dr. Guzman will present on the effort to survey regional businesses to learn of their direct unique experiences during COVID-19.
 

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