The U.S. Department of the Treasury has awarded an $18.2 million grant to the Arizona Commerce Authority, which President and CEO Don Cardon said the authority plans to use as the foundation of a revolving loan fund for small businesses.Read More »
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The Arizona Commerce Authority board of directors approved guidelines for its $25 million Arizona Competes fund, vowing close scrutiny of any company that wants a grant from the deal-closing fund.Read More »
At the Arizona Commerce Authority’s first four board meetings, more than two dozen business leaders and policymakers sat at a table that wrapped around half of the second-floor conference room in the Executive Tower, with so many others in attendance that chairs became scarce.Read More »
The man who was hand-picked by Gov. Jan Brewer to oversee a new agency charged with re-igniting Arizona’s struggling economy is set to collect a whopper of a paycheck. But Don Cardon’s idea of how to guide the Arizona Commerce Authority may run contrary to the governor’s own philosophical leanings about how the quasi-public group should go about luring new business to the state.Read More »
No members physically present, no answering of questions before or after the meeting and no details of the primary agenda item prior to official action on the matter.Read More »
The CEO of the fledgling Arizona Commerce Authority will collect a base salary that will nearly double his pay compared to when he was the director of the now-defunct Arizona Department of Commerce.
The salary package, approved today by the Arizona Commerce Authority board of directors, came over the objections of House Speaker Andy Tobin and Senate President Russell Pearce.
Gov. Jan Brewer will be racking up some frequent flier miles next month when she heads up a team of Arizona government officials and business leaders that will be traveling to China in hopes of attracting Chinese business investments in Arizona.Read More »
After two hours of discussion among Gov. Jan Brewer and members of the Arizona Commerce Authority on how to boost economic development in Arizona, Rep. Tom Forese delivered a surprisingly candid admonition of the governor.Read More »
Brewer will be among the Arizona contingent jetting off to Paris next month to attend the city's famed air show with Arizona Commerce Authority Director Don Cardon.Read More »
Anyone who’s wondering how serious the Arizona Commerce Authority is about its proactive approach to recruiting new businesses need only look at President/CEO Don Cardon’s recent travel plans.
Just two days before the new public-private economic development agency held its final board meeting before the July 1 transition away from the Arizona Department of Commerce, Cardon returned from a 10-day trip to Europe.