Former Arizona Commerce Authority CEO Don Cardon will receive the majority of a $75,000 discretionary bonus from his contract, though private funds, not state money, will be used to cover the bill.Read More »
More than a month after it called off a planned announcement on its next CEO, the Arizona Commerce Authority is staying tight-lipped about how it will choose the successor to Don Cardon when he leaves the economic development agency at the end of the month.Read More »
Though Commerce Authority officials have said they are reviewing whether they will release the names of the finalists being considered in the search for a new CEO, current CEO Don Cardon told our reporter today that the selection committee doesn't even have a list of finalists.Read More »
After initially saying it would announce its new CEO at a meeting Friday, the Arizona Commerce Authority now says the selection may be pushed back and that it doesn’t even have a list of finalists yet.Read More »
The Arizona Commerce Authority announced late Friday afternoon that it will not be awarding the $5,000 stipends it had earlier promised to15 companies eliminated from a competitive grant program.
The Goldwater Institute’s Clint Bolick sent a letter to the ACA earlier this month, warning that the awards for unsuccessful semifinalists in the agency’s Innovation Challenge could be a violation of a constitutional provision banning government gifts to private companies, unless the money creates a tangible public benefit.
The Arizona Commerce Authority will announce its new president and CEO at its May 18 board meeting.Read More »
Attorneys for the Arizona Commerce Authority are poring over outgoing CEO Don Cardon’s contract to see whether the agency can recoup a $50,000 signing bonus he received, and will likely put safeguards into his successor’s contract to make sure it won’t be a question next time.Read More »
Gov. Jan Brewer is looking to build on last year’s tax cuts with a handful of changes aimed at fixing “problem areas” in the state’s tax code.
Michael Hunter, Brewer’s lobbyist, outlined the changes the governor wants to make at an Arizona Commerce Authority Board meeting on Wednesday.
Arizona's top economic development official is stepping down.Read More »
Silicon Valley Bank will be the second recipient from the Arizona Commerce Authority’s $25 million deal-closing fund, and several more are likely to be announced soon.Read More »