Prescott Regional Airport Named Arizona’s Airport of the Year

Prescott Regional Airport – Ernest A. Love Field (PRC) has been named Arizona’s 2020 Airport of the Year by the Arizona Department of Transportation Aeronautics Group.  ADOT-Aeronautics Group Director Don Kriz made the announcement on Thursday, October 22nd at the Arizona Airports Association’s 2020 Walter Burg Arizona Airport’s Association Fall Conference.  More than 130 representatives attended the virtual conference including airport officials, Federal and State regulatory officials, legislators and consulting firms.

Prescott Regional Airport’s selection was based on several criteria including: 1) aviation advocacy, special events, and community outreach, 2) new processes/programs implemented, 3) commitment to the advancement of aviation, and 4) CY 2019 awards and acknowledgements.  Last year, PRC-related awards included:

  • 2019 Outstanding Airport Award – FAA Western Pacific Region
  • 2019 International Council of Air Shows – Best Civilian Airshow
  • 2019 Airport Executive of the Year – Airport Director Dr. Robin Sobotta

In his remarks during the award presentation, ADOT-Aeronautics Group Director Don Kriz highlighted the airport’s multiple achievements in the past year, which included: seeking political advocacy for additional State funding support for Arizona airports which secured an extra $10M in AZ Airport development funding; completing an economic impact study showing PRC’s generation of $160.3M in economic impact, conducting an innovative on-site ARFF Annual Live Burn training activity; receiving Federal and State support for construction of a new $15M passenger terminal; and achieving the status of fastest growing commercial service airport (2019) in Arizona with an increase in passenger enplanements of 174%.

FAA Phoenix Airport District Office Manager, Mike Williams, further echoed ADOT’s sentiments saying, “PRC is a well-deserved recipient of the award.”

In a later session on legislative advocacy, State Rep Noel Campbell expressed his admiration for Prescott’s approach to gaining lawmaker and regulatory agency support for the Airport’s future development.  In his comments he said that Prescott “did everything right!” 

Sobotta also credited the FAA and ADOT for helping Prescott secure financial support for Federal and State grants, along with the City of Prescott Mayor and City Council for their unwavering support.

 “It is truly an honor for the City to receive this recognition from ADOT-Aeronautics for the hard work and accomplishments our team at PRC has accomplished the past year,” said Prescott Mayor Greg Mengarelli. 

The City will receive several commemorative items, courtesy of ADOT, as a result of this award, including a plaque, a wall sign and a large roadway sign which will be placed at the entrance to the new terminal roadway system.

This is the second time in the past decade that PRC has been the recipient of the ADOT-Aeronautic Arizona Airport of the Year, the last occurring in 2014.  Phoenix Mesa Gateway Airport was named the 2019 Arizona Airport of the Year.

In January 2020, PRC broke ground on a new 18,000 square foot passenger terminal and is currently scheduled to be open in late March 2021. PRC has daily, double hub service to Denver, Los Angeles and beyond.

Satellite Design Start-Up Chooses Prescott

Prescott’s technology sector revved up in May with two 2018 aerospace graduates from Embry-Riddle Aeronautical University (ERAU) returning as entrepreneurial professionals to jumpstart their new business venture, Katalyst Space Technologies, LLC.

“While many of my students over the years wanted to stay and start their careers in Prescott, Ghonhee Lee is the first one to actually do it,” said Rick Gibson, an associate professor in ERAU’s School of Business and a mentor to Lee. “I think Katalyst Space Technologies will be very successful.”

Co-founder and Chief Executive Officer Ghonhee Lee had kept ties with Prescott while starting his career with a major aerospace industry firm in Tucson after graduation. Chief Technology Officer Nicholas Liapis went on to earn his master’s in aerospace engineering at ERAU-Daytona. Co-founder Kaleb Beebout acquired four patents for inventions in a previous startup.

“We want to challenge ourselves to the limit,” Lee said. “The industry needs innovators to drive acceleration in satellite development. Our technology is absolutely necessary to push the world to adopt more sustainable approaches to satellite operations.”

Katalyst specializes in satellite design and architecture to build satellites from the ground up utilizing systems and components readily updated and replaced at the end of their useful life, Lee explained. The firm offers proprietary Communication Network Design to government, commercial, private and public sector entities such as global satellite telecommunications operators, the National Aeronautics and Space Administration (NASA) and the U.S. Department of Defense (DOD).

“Our company culture respects people as individuals with a strong emphasis on different needs, bypassing a rigid organizational structure that essentially pays people to sit in chairs for nine hours a day,” Lee said. “This cultural approach, along with our philosophy of work, is just as exciting to me as our technology.”

Lee, Liapis and Beebout “thrive on wearing many hats,” Lee explained. “While my focus is the long-term strategy and vision, Nick dials in the engineering solutions, and Kaleb pushes innovation. Our strength stems from individual immersion deep into these very diverse disciplines and the ability to ‘cross over’ when making mission-critical decisions.”

With a growth trajectory to 27 full-time employees by year-end 2021, Katalyst just wrapped up a five-student summer internship program and currently supports two interns in fall co-ops. The firm was in a unique position over the summer to offer internship opportunities to students as other programs collapsed under the pandemic.

Internships hasten “proper professional guidance of highly motivated student talent, the growth opportunity for participants to expand well beyond the standard curriculum at their schools, and the potential to introduce a ‘rapid-fire accelerated green-field project that comes around once in a career to start from scratch,’” Lee said. “It is amazing what a team can accomplish when you trust and empower them with the final responsibility while providing the support they need to get the job done. Our summer internship has been an excellent example of synergizing with and capitalizing on the untapped resources of the area.”

Prescott’s “natural beauty, strong outdoor recreation, tight community, and very strong backbone of intellectual talent pool” drew Katalyst to the community, Lee shared. “We love all that Prescott has to offer and want to blend that into our vision for the future.”

ERAU Professor of Cyber Intelligence and Security Jon Haass, Ph.D., said that the “timing dovetails with the city’s newly-approved seed investment in the Center for the Future business incubator, for which the Prescott City Council just released $92,500 in preliminary startup funds that will allow outreach and attraction to other companies like Katalyst.”

Meanwhile, Katalyst has received support from the Northern Arizona Technology Alliance (NATA), former ERAU Chancellor Frank Ayers, and Scott Hathcock and David Johns of Flagstaff’s Moonshot at the Northern Arizona Center for Entrepreneurship and Technology (NACET).

“These young people started their company with money they saved,” said Jim Robb, NATA founding member and City of Prescott economic development consultant. “They left jobs at Boeing and Raytheon to incubate in Prescott. They are to be admired for their courage and inspiration to help with Prescott’s future. I enjoy working with them because they are as enthusiastic as they are smart.”

Lee’s motivation for Katalyst arose from disenchantment with what he described as the slow pace of development at traditional aerospace companies, despite industry promises of deep space exploration and colonies on the moon.

“Our ability to build the right team and intellectual capital is critical to our success here in Prescott,” Lee concluded. “Just as our products offer incredible flexibility to our customers, we as a team must remain flexible, adaptable and agile. It’s all about mindset and willpower: the mindset to challenge accepted norms and the willpower to take novel approaches to the wall.

“Prescott has a lot of potential, but as it is, it doesn’t offer everything we need to keep our company here in the long run. We need something like the Center for the Future to make that happen.” QCBN

By Sue Marceau, QCBN

Embry-Riddle Aeronautical University Adds $173 Million to Yavapai County’s GDP

Across Arizona, Embry-Riddle Aeronautical University’s total economic impact this year has reached $392 million, which is an increase of nearly 50% in the last four years.

In Yavapai County specifically, where Embry-Riddle’s Prescott Campus is located, the university serves as a major and essential economic driver to the community, supporting 2,853 jobs and $318 million in total economic impact. The university currently supports 3,000 permanent jobs for state residents and is projected to continue creating hundreds of jobs every year.

Combined with its campus in Florida, the premier aviation and aerospace institution has surpassed $2.3 billion in economic impact.

– Ginger Pinholster, Embry-Riddle Aeronautical University

Source: Embry-Riddle Aeronautical University Adds $173 Million to Yavapai County’s GDP

CP Technologies starts work on new manufacturing building in Prescott

With the ceremonial removal of the first shovelfuls of dirt Wednesday morning, work got underway on a new corporate headquarters and manufacturing facility that is expected to bring about 50 jobs to Prescott. CP Technologies, a manufacturer of rugged and custom computer hardware for defense and industrial markets, announced its plans this week to construct a 50,000-square-foot building near the corner of Highway 89 and Deep Well Ranch Road in northeast Prescott.

The company, along with local developer Jim Chamberlain of Chamberlain Development, conducted a groundbreaking at the site on Wednesday, June 24.

CP Technologies President/CEO Michael McCormack told the crowd of several dozen people that the San Diego-based company had looked at several different states before settling on Arizona for its expansion project.

Along with Arizona, the other states included Alabama, Utah, and Nevada. Arizona was the company’s top choice for a number of reasons, McCormack said, including the welcome it received from everyone from the governor’s office to the local communities.

“Everyone we worked with was so welcoming and made this an easy transition,” McCormack said.

After looking at a number of Arizona communities, including the Phoenix area, Payson, and Prescott Valley, McCormack said CP Technologies chose Prescott – in part because of the property’s proximity to the Prescott Regional Airport.

A news release from the city states: “Arizona, specifically Prescott, Arizona, won out due to the community, the state’s support for the UAV (unmanned aerial vehicle) market, great educational institutes, great weather, and the business-friendly environment.”

Read the rest of the article…

Prescott Named Top 15 Most Entrepreneurial City By Entrepreneur.com

Prescott was named one of the Top 15 Most Entrepreneurial Small Metros by Entreprenuer.com.  Prescott was ranked number 11 in the grouping.  Barnstable, MA was number one, and Bend, OR was number 2.  Prescott was the only Arizona City on the list.

“The entrepreneurial spirit is strong in Prescott, and throughout our region,” said Prescott Mayor Greg Mengarelli.  “Our quality of life, including our mild climate, numerous outdoor attractions, quality schools and other factors are attractive to entrepreneurs.  In addition, Prescott has been intentional about creating a flexible and supportive business environment to help small businesses flourish.”

The article noted that there has been an uptick in the number of entrepreneurs nationally, in the 55-64 year old range, launching businesses by choice, rather than necessity.  They acknowledged entrepreneurs who left large successful companies to start new ventures. The article also indicated that “the methodology involved calculating the percentage of self-employed workers (whether via an incorporated or unincorporated business), as well as using the sample data to denote median total income and the most “overrepresented” industry in entrepreneurship.”

This is not the first time Prescott has appeared on business rankings.  In 2017, Prescott was named one of 11 cities poised for growth by Kiplinger Magazine.  In 2019 the Milken Institute named Prescott the Top 26 Top Performing Small Cities.  The article can be found at https://www.entrepreneur.com/article/345772