The Arizona Commerce Authority (ACA) is a public-private economic development organization based in Phoenix, Arizona. It focuses on enhancing the state's economy by attracting businesses, supporting local growth, and fostering innovation in key sectors.
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The Arizona Commerce Authority (ACA) is Arizona's primary public-private partnership for economic development, established in 2011. Its mission is to enhance and diversify the state's economy by creating high-value jobs and attracting businesses. ACA employs a three-pronged approach: recruiting out-of-state companies, supporting local business growth, and fostering new ventures with entrepreneurs in key sectors such as aerospace, technology, and bioscience. The ACA offers various programs, including the Arizona Innovation Challenge and Venture Programs, to support startups and small businesses. It also collaborates with AZ Venture Capital Inc. for co-investment opportunities, making it a vital resource for entrepreneurs in Arizona.
ACA invests in sectors such as aerospace and defense, technology and innovation, advanced manufacturing, bioscience and healthcare, and film and digital media. It offers programs like the Arizona Innovation Challenge and Venture Programs to support businesses at different stages of growth, facilitating business expansion and innovation.
ACA provides significant value to portfolio companies through non-dilutive funding, mentorship, and access to corporate partners. Its programs are designed to connect startups with resources, expertise, and funding opportunities to facilitate their growth and success in the market.
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