Vice Mayor Daniel Valenzuela: Vote Promotes Phoenix’s Competitiveness in Today’s Knowledge EconomyVice Mayor Daniel Valenzuela: Vote Promotes Phoenix’s Competitiveness in Today’s Knowledge Economy<div class="ExternalClass8FD58AA1E8AE489DB1C1F2A5D62C3FCF"><table cellspacing="0" width="100%" class="ms-rteTable-default"><tbody><tr><td class="ms-rteTable-default" style="width:100%;"><p>"As chair of the City Council's Downtown, Aviation and Redevelopment (DAR) Subcommittee, I am thrilled that the City Council has voted to improve the city's competitiveness in today's knowledge economy. The full City Council voted on Nov. 18 to approve the investment of $250,000 to partner with Gateway Community College to create a Makerspace, a ONE Maricopa initiative, involving students and the entrepreneurship community in meaningful learning and collaborative relationships with STEAM (Science, Technology, Engineering, Arts, Math).</p><p>The Makerspace, located at 535 W. Van Buren St., will feature 22,550 square feet of workspace, as well as flexible classroom and event space, offering students, innovators, entrepreneurs, hobbyists, inventors and the small business community the tools and equipment they need to fabricate their ideas and creativity into real products.</p><p>The City Council's vote demonstrates our commitment to making Phoenix the most generous community in the nation for entrepreneurs and innovators.</p><p>The Makerspace also will build on our growing reputation nationally as a center for higher education and a startup tech hub, where today's students can make the leap from the classroom to the marketplace and high-wage jobs. It's also a message to companies that are located or considering relocating to Phoenix that we are committed to growing and developing a talented workforce needed for companies to thrive and grow high quality, high wage jobs.</p><p>Technology and the workforce continue to evolve and our education therefore must continue to evolve. We must continue to grow our talent, highlight our talent, and give them a chance to flourish right here in Phoenix.</p><p>There used to be a time when municipalities competed for companies. Now we are competing for talent, and we must give our young people the opportunity and tools to compete in this global economy.</p><p>Projections show that this Makerspace will generate $10.6 million in economic output over ten years, with more than $214,000 in direct revenue to the city of Phoenix. So it's an investment that will largely pay for itself. More importantly, it maintains our momentum in putting Phoenix at the center of the innovation economy.</p><p><span style="line-height:20.8px;">I encourage residents to track the development of our entrepreneurial ecosystem on social media with the <a href="http://yesphx.com/">#yesphx</a> hashtag."</span><br></p></td></tr></tbody></table><br></div>10/22/2015 6:00:00 PMDavid Urbinato602-495-5405