Recently, the Enterprise Parkway Project in Prescott Valley was awarded the 2016 Build AZ Award for New Construction Project of the Year – Rural projects under $10 million. The project represents an extraordinary amount of goodwill, public-private partnerships, public safety improvements, economic development, and the use of local companies and workforce in Prescott Valley, AZ.
Goodwill Saving Money
Although the final project cost was reported to be $1.8 Million and took 6 months to complete, a great deal of work and investment not included in these reported costs was completed by the Fain Signature Group, largest private contributor to the project, before the project went out to bid. This initial work completed by Fain included the initial design and engineering, rough grading the entire length of the road, and installing a substantial portion of the utilities that would be needed for the eventual build-out of the area. Additionally, as part of the grant process, the Fain Signature Group donated almost 12 acres of land to the Town as Public Right of Way.
- Fain Signature Group's Total Contributions: $1 Million + (includes work completed prior to project start)
- AZ Commerce Authority Rural Economic Development Grant - $500,00
- Final project cost to Town of Prescott Valley was $1,350,000
Public Safety Improvement While Ensuring Economic Development
The Enterprise Parkway was both a public safety improvement and a strategic logistics move essential to ensuring economic development. Product distributors and warehousers like Hensley Beverage, Superior Industries, and Canyon Distributing needed safe and unfettered access to the Big Sky industrial park. The Enterprise Parkway provided such access. "My father, Bill Fain, negotiated the stop light intersection years ago along the highway through Prescott Valley. As I understand it, the road was to allow for a better grade for trucks entering into Big Sky industrial park as well as to provide a safer entry onto the highway. This was and is a public safety measure and allows larger distributors and product suppliers like Ace and others who rely on trucking in their operations to support the local stores and communities," said Brad Fain, CEO, Fain Signature Group.
"This was also a great example of public - private partnerships at work. This project could not have happened without the involvement of the Town of Prescott Valley and the diligent work of the Prescott Valley Economic Development Foundation which successfully acquired a $500,000 rural economic development grant from the Arizona Commerce Authority," continued Brad Fain.
Creation of Local Jobs While Supporting Local Commerce and Improving Safety
The project also represented a case of utilizing local contractors and workforce - creating jobs and income for local population. "The Enterprise Parkway was a great example of hiring locally. Asphalt Paving Supply, a local contractor, was the lowest bidder and won the project, providing local jobs and injecting more revenue into the community," said Brad Fain.
The Build AZ Award criteria
- Meeting the challenge of a difficult job
- Excellence in project management
- The Contractor’s innovation in construction technique or materials
- The Contractor’s sensitivity to environment and surroundings
- Excellence in client service
- The Contractor’s contribution to the community
- Safety statistics for the project
Construction began on the Enterprise Parkway in January 2015 and was completed in June 2015. The new parkway connects Valley Road and State Highway 69, east of Superior Industries and Lockheed Martin facilities.