In the wake of the 2008 financial crisis — a disaster that wreaked havoc disproportionately on Arizona households and businesses — state leaders established the Arizona Commerce Authority (ACA) with the goal of recharging and diversifying our economy to better withstand future downturns.The ACA, which was created by then-Republican Gov. Jan Brewer along with a conservative supermajority in the state Legislature, represented a public-private partnership, featuring input from some of the brightest minds in the private sector.What Governor Brewer started was continued by her successor, Republican Gov. Doug Ducey, and by any measure, the ACA has been a huge success.Despite this success, inexplicably, legislation has been introduced to actually dismantle this agency and its programs with no plan for what comes next.I can’t think of anything more damaging to Arizona’s future, our businesses and our workers.ACA helped grow advanced manufacturingSince 2011, the ACA has successfully landed more than 1,200 competitive projects.These expansions have led to a projected 272,803 new jobs with more than $115 billion invested in local communities.Much to the credit of the ACA, Arizona has risen from the depths of the Great Recession to become an advanced manufacturing powerhouse, with even more opportunity ahead.Last year, we attracted more foreign investment than any state, we’re No. 1 for new jobs in the all-important semiconductor industry, and we boast one of the fastest employment growth rates in the country.These jobs have led to an explosion of economic opportunity, especially for those on the bottom of the income ladder. Nearly 300,000 Arizonans have left poverty since 2011, lending proof to President Reagan’s mantra: “the best social program is a job.”Arizona would lose its competitive edgeGetting rid of the ACA would halt our momentum and set us back more than a decade. It would put a massive “CLOSED FOR BUSINESS” sign on our great state.In fact, the effort to kill the ACA should be called “The Texas and California Jobs Act.” These are our top competitors.Right now, we’re beating them, and punching above our weight. While these and other states write checks to win jobs, here, we focus on free market principles and demonstrating that Arizona offers the greatest value long-term.Without the ACA, state revenu …
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