May 11, 2012

Commerce Authority backs off controversial ‘stipends’

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 viol[...]