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Commerce Authority to name new CEO at next meeting
The Arizona Commerce Authority will announce its new president and CEO at its May 18 board meeting.
Commerce Authority ‘stipends’ draw scrutiny
The Arizona Commerce Authority set off alarms at the Goldwater Institute this week after the government agency announced it would be awarding thousands of dollars to companies that were eliminated from a competitive grant program.
Cardon will return $50K signing bonus
Outgoing Arizona Commerce Authority President and CEO Don Cardon will give back the $50,000 signing bonus he received last year.
Commerce Authority lawyers exploring whether Cardon should pay back $50K
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.
Capitol Quotes: Jan. 13, 2012
This week's most outstanding quips, gibes and utterances.
Head of Arizona Commerce Authority to step down
Arizona's top economic development official is stepping down.
ACA awards second grant from deal-closing fund
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.
Rocky start for Commerce Authority has fiscal hawks looking to rein in power
Outraged by what they see as exorbitant spending and questions of transparency, some lawmakers are considering taking back some of the power they gave the Arizona Commerce Authority last session.
Cardon announces $18.2 million fed grant to ACA for small business loans
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.
Commerce Authority set to begin awarding grants from deal-closing fund
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.
Officials say ACA teleconference call meets open meeting law
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.
Commerce quandary: Sharp differences over picking winners and losers with state money
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.
