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Annual Report Fiscal Year 2017 ANNUAL REPORT FISCAL YEAR 2017 1 ANNUAL REPORT • FY 2017 MISSION The mission of the Arizona Commerce Authority is to grow and strengthen Arizona’s economy and facilitate the creation of quality jobs for its citizens by supporting and attracting businesses in targeted, high-value base sectors throughout the State. 2 ANNUAL REPORT • FY 2017 CONTENT Mission . 2 From the President and CEO . .. 4 Board of Directors . 5 Executive Summary . 7 Business Attraction and Expansion Clients . 8 Strategic Initiatives . 10 ACA 2.0 Arizona Management System Arizona-Mexico Relationship Infrastructure Strengthening Rural Arizona . 12 Small Business, Entrepreneurship and Innovation. 13 Arizona Innovation Challenge (AIC) Venture Ready RevAZ ExporTech Small Business Checklist CEO Corner Office Invest Southwest Arizona Office of Film & Digital Media . 17 Workforce Development . 18 Navigator Arizona SciTech Advanced Technologies Corridor Marketing Arizona . 20 Paid Media Owned Media Earned Media CEO Forums Trade Shows and Sales Missions Financial Program Reports . 24 Audited Financial Statements . 52 3 ANNUAL REPORT • FY 2017 FROM THE PRESIDENT AND CEO When I sat down to write this letter, one theme was top of mind: opportunity . Opportunity for all has been a central theme of Governor Ducey’s vision for Arizona . Under his leadership, the Arizona Commerce Authority (ACA) is proud to collaborate with businesses, community leaders, lawmakers, educators and economic development partners across the state to advance this vision . In Fiscal Year 2017, the ACA worked with companies who committed to creating 19,473 projected new jobs with an average wage of $59,202, exceeding our goal of 18,000 with an average wage of $56,850 . These companies will invest a significant $2 .5 billion into our communities . As a result, Arizona received the Gold Shovel Award from Area Development for being the #1 Most Competitive State in our population category, and was named #1 for Economic Competitiveness – Mountain Region in the Site Selection Prosperity Cup . Fiscal Year 2017 was also a major milestone for the ACA, as it marked the conclusion of our first five year business plan . In 2011, H .B 2001 created a new model for economic development – designing the ACA as a public-private partnership with a highly collaborative governance structure, bringing together all three branches of state government, Arizona’s top business leaders and academia . As the results show, with significant achievement over job creation and capital investment goals, this new model has proven effective . Over the past five years, the ACA has worked with companies of all sizes – from homegrown Arizona small businesses to industry leaders - who have announced the creation of 87,132 projected new high-value jobs, 16 percent above the goal of 75,000 jobs . During the same period, company relocation and expansion projects delivered $9 .5 billion in capital investment commitments, exceeding our $6 billion goal . Most importantly, these numbers represent new opportunities for Arizonans and their families . While we have much to celebrate, there is still much work to be done . Under the leadership of Governor Ducey and the ACA Board of Directors, we will continue pursuing our mission to help businesses succeed and increase Arizona’s economic growth . My best, Sandra Watson Arizona Commerce Authority President and CEO 4 ANNUAL REPORT • FY 2017 BOARD OF DIRECTORS The ACA is guided by a Board of Directors, led by Governor Doug Ducey as Chairman . The Board represents an incredible collection of subject matter expertise combined with business and policy experience, all leveraged to advance the ACA’s mission to strengthen the state’s overall economy . Governor Doug Ducey Chairman Executive Committee Member Brian Mueller Gary Abrams Richard Adkerson Michael Bidwill Co-Chairman Executive Committee Member Executive Committee Member President Executive Committee Member CEO and President President and CEO Arizona Cardinals President and CEO Abrams Airborne Freeport McMoRan Grand Canyon University Manufacturing Copper & Gold Mark Bonsall Drew Brown Dr. Rita Cheng Dr. Michael Crow General Manager and CEO Founder and 2016 Ex-Officio Member 2016 Ex-Officio Member Salt River Project Chairman of the Board President President DMB Associates, Inc . Northern Arizona University Arizona State University Dr. Wyatt Decker, M.D. David Goldstein Dawn Grove Dr. Ann Hart Mayo Clinic President Chairperson 2016 Ex-Officio Member Vice President and CEO Diamond Ventures, Inc . Arizona Workforce Council President Mayo Clinic in Arizona University of Arizona 5 Mignonne Hollis John Kaites James Keeley Eileen Klein President and CEO Founding Partner Founding Partner 2017 Ex-Officio Member Business & Tax Analyst, LLC Global Security Innovative Colliers International President Strategies Arizona Board of Regents Dr. Taylor Lawrence Stephen Macias Tommie Martin Honorable Speaker President President and CEO Chairperson J. D. Mesnard Raytheon Missile Systems Pivot Manufacturing County Supervisors 2017 Ex-Officio Member Association of Arizona Arizona House of Representatives William Pilcher Donald Slager Kimberly Smith Victor Smith CEO President and CEO Vice President President and Owner USI Insurance Services, LLC Republic Services, Inc . Attack Helicopter Programs JV Farms The Boeing Company Dr. Jean Swarthout Honorable Jay Tibshraeny Sandra Watson Chairperson President Executive Committee Member Arizona Community College League of Arizona President and CEO President’s Council Cities and Towns Arizona Commerce Authority Judith Wood Honorable President 2017 Ex-Officio Member Steve Yarbrough President 2017 Ex-Officio Member Contact One Call Center Arizona Senate 6 ANNUAL REPORT • FY 2017 EXECUTIVE SUMMARY FY 2017 HIGHLIGHTS 48,732 $32.69 billion $750 million DIRECT, INDIRECT ECONOMIC OUTPUT TAX REVENUE 1,528 Client AND INDUCED JOBS Engagements FIRST FIVE YEAR PLAN $ $ HIGHLIGHTS 200,029 118.73 billion 3 billion DIRECT, INDIRECT ECONOMIC OUTPUT TAX REVENUE AND INDUCED JOBS 9,484 Client Engagements 7 ANNUAL REPORT • FY 2017 BUSINESS ATTRACTION AND EXPANSION FISCAL YEAR 2017 COMPANY • 1ST QUARTER CLIENTS AND TOTALS 84 Lumber Abbott Nutrition – Casa Grande COMPANIES 102 Accelerate Diagnostics, Inc . PROJECTED NEW JOBS 19,473* ADP Regional HQ – Tempe $ Alliance Home Loans CAPITAL INVESTMENT 2.5B* Amazon com,. Inc . AVERAGE SALARIES $59,202* Barton & Associates Inc * Three-year projections Bombardier – Tucson Cavu Aerospace COMPANY • 2ND QUARTER CIOX Health – AZ Headquarters American Express – Phoenix Destiny Springs Healthcare, LLC Ascensus, Inc . Diamond Coatings Ltd . Comtech EF Data Corporation Galtronics USA DoubleDutch Global Equity Finance, Inc . Entertainment Partners Houzz Inc . Gate6 Huhtamaki, Inc . H5 Data Centers KPS Global – Goodyear Hexcel – Casa Grande Leaktite Corporation John Hancock Investments – Tempe Limelight Networks, Inc . Katerra Inc . Lucid Motors Kovach Inc . Medline Industries – Tolleson LKQ Arizona Corporation Midori Services, Inc . Logicalis NRG Renew Mainstreet OHL Newpac Fibre, LLC Rogers Corporation Orbital ATK, Inc . SK Food Group Plexus Worldwide Sogeti USA, LLC Raytheon Missile Systems Truckstop com. Revature URSA Information Systems Inc . Scientex Vixxo Torden West Pharmaceutical Services – Scottsdale Varsity Tutors Willis Towers Watson Vector Space Systems Yodle, Inc . Welbrook Senior Living Zenreach, Inc . – Scottsdale Western Window Systems 8 COMPANY • 3RD QUARTER COMPANY • 4TH QUARTER Advisor Group Acronis Almark Foods American Marksman Arizona, LLC Danby – SW Regional Center Bayview Asset Management – Tucson Endurance International Group Benchmark Electronics (HQ) HalfPops, Inc . Career Education Corporation HD Petroleum Charles Schwab Arizona Infineon Technologies North America Corp . Constant Aviation Ingenu Copper State Rubber Innovative Manufacturing Solutions (IMS) Crown Components, LLC Monsanto DexCom, Inc . Okland Construction Ernst & Young – Seattle QuEST Global Services NA Inc Goodfellow Crushers Silent-Aire USA, Inc . Greensheen Paint & Design, Inc . Solar Junction Corporation Greentree Inns Hotel Management Group SunStream Technology Hexagon Mining Union Bank, N .A . Kirin Manufacturing Upgrade Niagara Bottling, LLC Walgreen Company Northern Trust – Tempe NPL Construction – Centuri RJR Technologies, Inc . Signs Plus, LLC Symantec Corporation VinoPRO Visionary Automotive Group Zummit Plastics 9 ANNUAL REPORT • FY 2017 STRATEGIC INITIATIVES During Fiscal Year 2017, the ACA advanced the following statewide, long-term economic development initiatives. ACA 2.0 and Arizona Management System • In August 2016, the Arizona Office of Economic Opportunity was launched . Overseen by the ACA’s President and CEO, the office serves as a data analytics team supporting the ACA by continually monitoring Arizona’s competitiveness and providing real time data to policy makers and government . • Governor Ducey’s vision for ACA 2 .0 was fully realized in December 2016 with the co-location of the ACA, Arizona Office of Tourism, Arizona-Mexico Commission and Arizona Zanjeros into a single office location . This strategy allows the agencies responsible for marketing Arizona to collaborate more effectively and efficiently . • The ACA adopted Governor Ducey’s results-driven, intentional management system, focused on customer value and vital mission outcomes for Arizona citizens . As a part of the Economy Goal Council, the ACA is leading a Breakthrough Project in collaboration with the Arizona Office of Economic Opportunity
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