City of Phoenix Economic Development and the Arts Subcommittee Agenda 2026-06-10
Phoenix Renews Funding for GPEC Attraction Services
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Description
The City of Phoenix plans to renew funding for Contract 158892 with the Greater Phoenix Economic Council, adding $837,137 in Fiscal Year 2026-27 for ongoing business attraction and development services. The cost will be shared among four city departments and represents the third one-year renewal under a multi-year agreement.
Contract Details
Contract Amount
$837,137
Vendor
GREATER PHOENIX ECONOMIC COUNCIL GPEC
Agency
City of Phoenix, AZ
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 6, 2026
Contract Term
Fiscal Year 2026-27; third one-year renewal option of contract authorized June 28, 2023
Renewal Info
Original one-year contract with four one-year renewal options was authorized June 28, 2023 via Ordinance S-49920. FY 2024-25 funding of up to $823,701 (first renewal) was approved May 29, 2024 via Ordinance S-50895, and FY 2025-26 funding of up to $831,362 (second renewal) was approved June 4, 2025 via Ordinance S-51966. The requested FY 2026-27 allocation of $837,137 will exercise the third of four available one-year renewal options, leaving one remaining.
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