TREO CHAIRMAN’S CIRCLE
What is your perspective on the importance of talent and workforce development as a key economic driver?
Now more than ever, having a deep, quality workforce is a priority because employers face increasing competitive pressures in this 21st century global economy. Education and skills are vital to economic success. Fulfilling that requirement locally makes K-12 education, technical training and secondary education the keys to the region’s long-term economic strength. Currently, the region cannot meet the demand for skilled labor. Workforce development and retention is the most critical link to retaining existing businesses and attracting new companies that provide high-wage jobs.
Why does the Tucson Association of Realtors invest in and support economic development initiatives?
Regarding the TREO Blueprint Update, why is the committee you serve on in this strategic planning initiative important to you?
The Tucson Association of Realtors invests in economic development initiatives to strengthen the region. Increasing capacity, developing additional economic drivers and putting expanded infrastructure in place supports future growth. Increased public/private partnerships and ongoing investment from the business community will continue to be critical to our success.
Serving on the TREO Infrastructure Committee has been important to me and the Tucson Association of Realtors because Southern Arizona’s successful future will rely heavily on an expanded regional transportation plan. The proposed Intermountain West Corridor has been identified as the potential primary Arizona gateway to Mexico for rail, truck, and passenger traffic through Nogales, based on usage and infrastructure investment. The concept is to connect air, freight, trucking, and economic activity centers in a major trade corridor stretching from Canada to Mexico. The most critical infrastructure roadway project will be linking Las Vegas and Phoenix, the two largest cities in the nation not connected by an interstate highway, before running south through Tucson all the way to the port of Guaymas, Mexico. Positioning Tucson as a multimodal transportation hub will ensure its future viability and competitiveness.
Philip B. Tedesco CEO
What is the outlook for your industry in 2014?
The real estate industry in Tucson is showing positive signs. Home prices are increasing, as are total sale volume and total unit sales. A more traditional market is developing as we come out of the worst economic downturn in years. The Tucson Association of Realtors saw a 34 percent decline in membership over the last six years. The downturn was managed strategically, and the association is well-positioned to continue to be successful in the coming years.
Tucson Association of Realtors
Winter Winter2014 2014 > > > BizTucson 91
The Tucson Region's Business Magazine