Prescott enjoys a growing economy thanks to an entrepreneurial spirit welcomed by the community. While it is predominantly a small business town, Prescott and the surrounding communities have attracted some notable bigger businesses, too. You may recognize such names as Ace Hardware, Sturm Ruger, Lockheed Martin, Midway Industrial, Pure Wafer, Cobham Avionics, MI Windows/Better Bilt and Printpack.
Tourism, of course, is key to the local economy. Some 1,800 guestrooms are available at local hotels, motels and bed and breakfasts.
CHAMBER OF COMMERCE
The Prescott Chamber of Commerce promotes its members by enhancing the overall business environment of Prescott. The Chamber was founded in 1910, but soon after took on the broader Yavapai County Chamber name. Eventually, it regained its former identity and has been so ever since.
Currently made up of 855 members, the Prescott Chamber of Commerce is a significant asset to the area’s business community. The Chamber is devoted to supporting businesses of all kinds, as well as the community at-large, through a wealth of beneficial programs and services. Through the Chamber, members have access to an abundance of business networking opportunities, community events, educational and training options, vital area economic information and more. The Chamber also operates a comprehensive visitor center open every day of the week.
Total Labor Force — 92,252
Total Employed — 84,188
Unemployment Rate — 8.7% (as of July 2012)
City of Prescott
Total Labor Force — 17,000
Total Employed — 15,466
Unemployment Rate — 9.0% (as of July 2012)