The Arizona Commerce Authority (ACA) is the principal economic development agency based in Phoenix, Arizona, established in 1985. Its mission is to enhance and strengthen the state's economy through a focused three-pronged approach: recruiting out-of-state companies to establish operations in Arizona, supporting the growth of existing businesses, and collaborating with entrepreneurs to create new jobs and enterprises in targeted industries. The ACA is governed by a public-private sector board comprised of leaders from business and policy, overseeing the management of the agency's assets. Through these efforts, the ACA aims to foster a robust economic environment and promote job creation across the state.
President, CEO, Board Member and Member of the Executive Committee
14 past transactions
Gravitrex
Grant in 2025
Gravitrex is a medical device company dedicated to enhancing mobility for individuals with physical disabilities. It specializes in the development of a walking-assist device, which employs a unique bent-wire system to support a portion of the user's weight, facilitating improved or regained walking ability. The company's mission is to help more people maintain an active lifestyle by advancing post-mobility loss recovery.
PRIVV
Grant in 2024
PRIVV is a premier project management software developed for operators of large-scale construction endeavors.
Sequitur Health
Grant in 2023
Sequitur Health, founded in 2019 and based in Scottsdale, Arizona, specializes in the development of innovative medical devices aimed at enhancing patient care and improving quality of life. The company focuses on addressing unmet needs of patients and physicians by leveraging technological advancements. By collaborating with educational and medical institutions in Arizona, Sequitur Health creates solutions that enable healthcare providers to deliver timely and effective care to patients.
University of Arizona College of Engineering
Grant in 2023
The University of Arizona College of Engineering provides undergraduate and graduate degrees in 17 programmes, which include cooperative programmes with other institutions.
WearTech Applied Research Center
Grant in 2023
The WearTech Applied Research Center connects entrepreneurs and companies seeking to commercialize emerging healthcare technology with world-class research teams working at the forefront of wearable and biomedical innovation.
NEON
Seed Round in 2022
Neon is a platform for digital signage, music, and Wi-Fi, offering seamless POS integration, remote updates, and full-service support.
WearTech Applied Research Center
Grant in 2022
The WearTech Applied Research Center connects entrepreneurs and companies seeking to commercialize emerging healthcare technology with world-class research teams working at the forefront of wearable and biomedical innovation.
Wecom
Grant in 2022
Wecom specializes in providing high-speed fiber optic networks and broadband internet services tailored for residential customers, small businesses, educational institutions, and healthcare providers. The company offers a range of services including hosted PBX, two-way radio communication, and public safety solutions. Additionally, Wecom is involved in engineering and construction projects, as well as site leasing for telecommunications infrastructure. By focusing on connectivity and empowering communities, Wecom aims to enhance communication capabilities for various sectors and facilitate business operations across the region.
Razor Edge Games
Grant in 2020
Razor Edge Games is a computer games company that develops and operates a gaming platform. Their primary product is "The AfterFall" game, which offers players a challenging, non-linear open gaming world with engaging and immersive experiences. The company aims to create repeatable, content-driven experiences powered by innovation, providing players with significant choices that lead to varied gameplay outcomes.
Radpay
Grant in 2019
Radpay, Inc. is a Phoenix-based company that offers a blockchain-based payment processing platform designed to provide comprehensive merchant payment services. Founded in 2018, Radpay's patent-pending technology integrates blockchain with PCI-compliant card payment and banking infrastructure, enabling secure electronic transactions. The platform supports both card present and card not present environments, allowing merchants to accept digital wallet payments and facilitating peer-to-peer payment processing. Radpay provides its services through various channels, including a mobile app, browser plug-ins, application programming interfaces (APIs), and pre-configured e-commerce cart plug-ins, ensuring a seamless customer experience and flexibility in payment methods for users.
Resonea
Grant in 2018
Resonea, Inc. is focused on improving sleep health and wellness through innovative technology. Based in Scottsdale, Arizona, the company develops devices and software solutions designed to monitor and analyze sleep breathing patterns, particularly for the detection and management of obstructive sleep apnea. Its primary product, the DROWZLE PRO Sleep Apnea Pre-screening Device, is a prescription medical device that utilizes smartphone-based software to record and assess respiratory patterns during sleep. This device enables in-home screening, providing valuable data on sleep apnea risk, daytime sleepiness, and chronic disease factors. In addition to screening, Resonea offers treatments such as oral appliance therapy, which involves custom-fitted mouthpieces to reposition the jaw. The company's comprehensive approach includes education, condition management, and follow-up services, facilitating early detection and effective treatment of sleep disorders.
Parasilk
Grant in 2015
Parasilk is a cosmetic brand specializing in paraffin wax treatments aimed at addressing dry skin on hands and feet. The company provides a solution that hydrates, moisturizes, and rejuvenates tired, dry skin, making it particularly beneficial for women seeking effective skincare options. Parasilk's treatments are designed to be easy to use, hygienic, and safe, allowing users to care for their hands and feet conveniently.
Whole Sale Fund
Seed Round in 2012
Wholesalefund is a breakthrough on how great products can reach retail shelf space. Consumer Packaged Goods manufacturers face extremely fragmented and costly sales and distribution channels that must be overcome to get products onto retail shelves. Similarly, retail buyers, brokers, and distributors face huge acquisition costs, lack of data, slow sales cycles, and inefficient decision making when placing new products. Their product helps streamline this with a simple and elegant approach to buyer and seller matchmaking and transfer of basic sales data, trends, samples, and other wholesale basic needs.
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