Verde Valley Regional Economic Organization
Business Resources
The Verde Valley is a diverse region in its geography, culture, and economy. As one of two Arizona rivers that flow continuously, the Verde River is the region’s centerpiece. The valley is accentuated by the Mogollon Rim on the edge of the Colorado Plateau and the Mingus Mountains. Geologic history has created the unique convergence of rock formations with the famous red rocks as well as volcanic igneous rock. Between the plateaus, mountains, and river bottom is high desert land which is largely owned by the U.S. Department of Interior and managed as the Coconino and Prescott National Forests.
The Verde River attracted indigenous Native Americans who lived off the land through hunting and gathering, agriculture, and trade with other peoples throughout the southwest. The modern Verde Valley is home to the Yavapai Apache Nation who seek to reestablish their presence with land acquisition and by welcoming many tribal members back to their homeland. Modern settlement began over 100 years ago with ranching and farming. Hollywood discovered the red rocks of Sedona and many early western films used the area as a backdrop. Once Sedona hit the big screen a bustling tourism industry followed. Many tourists decided to return making the Verde Valley either their primary or secondary residence choosing to live in one of the Verde Valley’s communities, each with its unique character.
The economic base of the Verde Valley relies on tourism, retiree income, commuting, agriculture including the wine industry, increasingly location neutral employment, self-employment, and small businesses that choose to locate in the Verde Valley for its beauty, outdoor recreation, and access to Phoenix, Prescott, and Flagstaff. In-migration of new residents comes primarily from Arizona (45%), California (16%), other western states including Texas (16%).
Economic activity as measured by business and employment is concentrated in Sedona and the Village of Oak Creek (42%), Cottonwood and Cornville (36%), Camp Verde and Rimrock/Lake Montezuma (14%) and Clarkdale and Jerome (5%).
Check out the Economic Data and Resources that we have compiled here. Or even better, come take a tour of the Verde Valley with us, if you are interested in locating or expanding in the Verde Valley.
