Cottonwood AZ (September 17, 2012) – The Arizona Commerce Authority announced the recipients of its 2012 Excellence in Economic Development Awards. The Excellence in Economic Development Awards honor participants, organizations, associations and companies that have successfully created and implemented exceptional economic development strategies for their respective communities whether metro, rural or tribal.
Arizona Governor Jan Brewer announced the award recipients at the Governor’s Economic Development Conference Gala Dinner on Thursday, September 13, 2012. The award categories included Innovative Economic Development, Entrepreneurial and Commercial Projects, and Future Leaders.
“Tonight’s award recipients are being recognized for the outstanding innovations and achievements that have helped place Arizona at the forefront of economic development,” said Governor Brewer. “I am thrilled to help celebrate the remarkable perseverance and success of these communities in the midst of challenging economic times. Their efforts truly represent the great Arizona comeback.”
Four awards were presented: The City of Cottonwood received the Innovative Economic Development Award for its five year economic development strategy with an emphasis on the Arizona wine industry. During a down economy, the wine industry has doubled employment in Old Town with a projected economic impact of $10 million by 2013. Also receiving awards were Lake Havasu City for the establishment of ASU Colleges Lake Havasu City campus; Northern Arizona Center for Entrepreneurship and Technology in Flagstaff; and the University of Arizona Controlled Environment Agriculture Center’s Lunar Greenhouse and Teaching Module.
“These awards recognize incredible collaboration efforts taking place in communities across the state of Arizona, efforts that are driving, expanding opportunity and improving our economy,” said Sandra Watson, Interim President and CEO, Arizona Commerce Authority. “The impact of these regional economic development initiatives and pioneering projects is seen across the state, and we’re thrilled to honor such incredible success.”
The GEDC is the Arizona Commerce Authority’s annual statewide event bringing together Arizona’s public and private sector leadership to discuss economic development strategies and partnerships that will strengthen the state’s overall economy.
The 2012 GEDC conference theme was Great Arizona Rebound.