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A Tempe company thinks it has a revolutionary car concept, but will the public buy it?
A startup Tempe motor company is hoping to turn their lime-green, “spunky little ride” into the 21st century version of the Volkswagen Beetle.
Since August 2008, Elio Motors has been working on a cockpit-shaped, three-wheeled vehicle that seats two people and is the size of a small compact car.
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Lawmakers consider seeking exemption from stimulus requirements
Standing between lawmakers and millions of dollars in budget cuts to education are three letters - M-O-E.
Since Arizona started drawing federal stimulus funds from the American Recovery and Reinvestment Act, some lawmakers have decried the maintenance-of-effort, or MOE, requirements for portions of the money.
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State borrows $700M; first external loan since Great Depression
The State Loan Commission has approved a $700 million line of credit from Bank of America, marking the first external borrowing the state has done since the Great Depression.
State Treasurer Dean Martin said his office will finalize the agreement with Bank of America next week and will begin issuing treasurer’s warrants by the end of November.
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Special session kicks off, but most work slated for Thursday
Lawmakers officially kicked off the fourth special session of the year - the second devoted to the fiscal 2010 budget - with an uneventful gathering at the state Capitol on Nov. 17.
The work on taking a small bite out of the state’s $2 billion budget deficit will take place on Nov. 19, when House and Senate budget committees are expected to meet.
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Brewer: Addition of Chinese solar firm shows impact of tax credits
A Chinese solar-panel manufacturer’s decision to put its North American headquarters and about 150 jobs in Arizona shows that a law providing tax credits will boost the state’s appeal to renewable energy firms, Gov. Jan Brewer said Nov. 16.
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Biden: Stimulus has saved thousands of Arizona jobs, will boost IT and high tech
Federal stimulus money has saved more than 12,000 jobs in Arizona and laid the groundwork for a economic recovery built on information services and technology, Vice President Joe Biden said Nov. 16.
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Budget insiders see worse ahead in Calif., Mich.
Two of the states hit hardest by the Great Recession-California and Michigan-are bracing for an even tougher time making ends meet next year, putting big spending cuts or outright elimination of some services on the table, top budget officials from both states said Nov. 13.
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Lawmaker, experts push idea of competition to provide electricity in Arizona
Opening Arizona to competition by companies providing electricity could lower rates and give providers more incentive to act wisely when considering investments on infrastructure, experts told a group of state lawmakers Nov. 12.
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Draft bills show special session cuts of $300M
Draft versions of the bills lawmakers are expected to consider this week in a special legislative session show about $300 million in spending cuts to education and social services, as well as the restoration of funding for high-tech economic development.
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Lawmakers getting hammered in court; resources strained
Arizona’s 49th Legislature has been tasked with keeping the state financially afloat during the most troubling economic times in state history. But the choices lawmakers made this year in an effort to balance the budget have led to six lawsuits challenging the state’s use of fund sweeps to fill in deficits.
