ACA Statement On Five Year Reauthorization from Governor, Legislature


PHOENIX, AZ (June 18, 2024) – President and CEO of the Arizona Commerce Authority (ACA) Sandra Watson released the following statement after passage by the Arizona Legislature and signature from the Governor of legislation to reauthorize the ACA through 2029.


“We are so grateful for the strong bipartisan support among our state’s leaders. This legislation is a huge win for Arizonans and our economy - allowing us to continue and build upon the economic momentum that has made our state a global magnet for jobs and investment.


“I especially want to thank Governor Hobbs for her consistent and unwavering support of the ACA and our economic momentum. She has been a constant champion of bringing more good-paying jobs and opportunities to our state. I also want to thank our legislative leaders, including Senate President Warren Petersen, Speaker Ben Toma, Senate Minority Leader Mitzi Epstein, and House Minority Leader Lupe Contreras. Thank you to our bill sponsor, House Appropriations Chairman David Livingston, for his consistent leadership to get this done. And a big thank you to all our partners and stakeholders who advocated for the ACA, most especially Danny Seiden and the Arizona Chamber of Commerce and Industry. The Chamber made this issue their top priority, and we couldn’t be more thankful for their incredible dedication and support.”


Media Contact
Alyssa Tufts, Arizona Commerce Authority, [email protected]


About the Arizona Commerce Authority
The Arizona Commerce Authority (ACA) is the state's leading economic development organization with a streamlined mission to grow and strengthen Arizona's economy. The ACA uses a three-pronged approach to advance the overall economy: attract, expand, create - attract out-of-state companies to establish operations in Arizona; work with existing companies to expand their business in Arizona and beyond; and help entrepreneurs create new Arizona businesses in targeted industries. For more information, visit and follow the ACA on Twitter @azcommerce.