By Kelcie Grega | Camp Verde Bugle
In early January, Cottonwood City Council and staff participated in their annual retreat. Each year council and staff outlines goals and projects for the city.
One exercise asked staff and council to outline key events in Cottonwood’s timeline.
Here are some key Cottonwood turning points over the last decade:
Past
• The Great Recession 2007- 2008
The so-called Great Recession marked a period of economic decline stemming from the housing bubble burst. Cottonwood and the Verde Valley were no exception in this nationwide devastation. Arizona officially matched its pre-recession employment levels in December 2015 – 19 months longer the rest of the nation’s, according to reporting by The Arizona Republic. Since then, businesses have returned to Cottonwood and Old Town has experienced a ‘renaissance’ of new businesses and tourism.
