“I am encouraged to hear that the Arizona Commerce Authority has restructured the contract for the CEO, so that the private sector picks up half of that person’s compensation package. Today’s action is what the legislature envisioned with a true public-private partnership. This greatly minimizes the taxpayer’s burden for the ACA’s administration costs.

I also want to wish Don Cardon well, as he steps down from his position as president and CEO of the Commerce Authority. He was a strong leader while handling the challenging transition from the Department of Commerce to the public-private Arizona Commerce Authority.”