Market Commentary and Intraday News
Arizona Commerce Authority board may pick new CEO
220 days ago
(AP:PHOENIX) Arizona's economic development organization may finally get a new CEO.
The Arizona Commerce Authority board's agenda for a closed execution session during its meeting Tuesday includes an update on the search for a new CEO. The agenda for the meeting's public portion includes discussion and possible action on selecting a new CEO.
The quasi-private authority gets $35 million of state funding annually, including $25 million for grants to help attract, expand or retain businesses.
The authority took over economic development functions from the now-disbanded state Department of Commerce.
It has lacked a permanent CEO since July. Don Cardon announced in January that he would resign and return to running his businesses.
Sandra Watson is interim CEO and president.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.