Tag Archives: Funding

Arizona School Choice Trust

D-backs Accepting Submissions For $150K School Challenge

The Arizona Diamondbacks announced today that they are now accepting applications for the $150,000 School Challenge, presented by University of Phoenix, to benefit schools across the state of Arizona. The program is open to all Arizona public, private, and nonprofit charter schools, Grades K-12, and teachers and administrators are encouraged to “make their best pitch” on why they deserve to receive this important funding by submitting an application online at www.dbacks.com/schoolchallenge by Sept. 30.

“Last season we were astounded by the volume and quality of applications received and we know that schools across the state truly need help,” said D-backs’ President and CEO Derrick Hall. “That’s where the D-backs and University of Phoenix step in and we are excited to be able to bring back this valuable program. We are dedicated to ensuring that the schools in our state receive the resources that will make the biggest impact on our students and the community at large.”

The D-backs kicked off the program last spring with the $100,000 School Challenge and received an overwhelming response that inspired the team to also host a $150,000 Back-To-School Challenge last fall. With more than 1,300 applications last year, the D-backs were able to grant $5,000 to 50 schools for a grand total of $250,000 in 2012. The Arizona Diamondbacks Foundation provided $150,000 for the program and the University of Phoenix provided $100,000.  The $5,000 grants helped schools from across the state with needs such as educational supplies, books, updated computer programs, mobile computer labs and school improvements.

“Our community, schools, and students thrive when supported by local businesses and organizations,” said University of Phoenix President Dr. Bill Pepicello. “University of Phoenix is committed to providing support in the communities in which we reside and we are so proud to be part of this School Challenge program in partnership with the D-backs helping to ensure the education of our youth.”

The School Challenge is part of the D-backs’ overall charitable efforts and last season, the team and its charitable arm, the Arizona Diamondbacks Foundation, surpassed $30 million in combined donations since their inception in 1998, including more than $4 million in 2012.

Valley Metro - Bike Equals One Less Car

Stanton eyes more spending on bike projects

Phoenix would spend $1.5 million of its state transportation funding on making the city more bicycle friendly if Mayor Greg Stanton gets his way.

Stanton is proposing that the money be used to add more bike lanes, launch a bike-share program and prepare a citywide bicycle plan.

The Arizona Republic reports that Stanton’s proposals are included in a proposed budget that is scheduled for an initial City Council vote on Tuesday.

Phoenix has not previously used money from the state Highway User Revenue Fund for bicycle projects.

Runoff Election, Early Voting Phoenix Mayor, Council

Clean Elections limits raised for 2014

Arizona’s Secretary of State is adjusting funding limits available to candidates using Clean Elections money to run their campaigns.

Ken Bennett’s office says the upward adjustments will be in place for the 2014 election cycle. Participants qualify for public funding by gathering $5 contributions from eligible voters and agreeing to comply with spending and contribution limits.

Candidates for governor will be awarded $754,000 for the primary and $1.13 million for the general election. Secretary of State and Attorney General candidates can spend $195,000 in the primary and $293,000 in the general election. Candidates for Legislature get $15,000 for their primary races and $23,000 for the general election.

The money comes from the Citizens Clean Elections Commission created by voters in 1998. It collects money from court surcharges and tax checkoffs.

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IO Closes $90 Million In Funding Led By New World Ventures

Phoenix-based IO, the leading provider of next-generation modular data center technology and services, today announced it has raised $90 million in equity from a group led by New World Ventures, a Chicago-based venture capital firm focused on technology innovations that fundamentally change markets. Existing IO investors also participated in the funding.

“From the moment we saw this product, we knew it would revolutionize the industry,” said Chris Girgenti, New World Ventures managing partner and newly appointed member of IO’s Board of Directors. Girgenti added: “Designed from the ground up, IO delivers world class data center infrastructure capacity at substantially lower capital cost, with significantly shorter lead times, while providing industry leading energy efficiency. Led by a terrific and deep team, IO is set to make some big waves.” The New World Ventures investment of $50 million is the largest single transaction in the fund’s 15-year history.

IO delivers Data Center 2.0 technology to the world’s largest enterprises, governments and service providers. Data Center 2.0 solutions enable organizations to shift from real estate-embedded infrastructure to efficient, sustainable, and software-driven modular installations. IO’s Data Center 2.0 products and services allow companies to implement only the data center capacity they need to support business requirements, while also providing the ability to add more capacity quickly without IT downtime. IO’s integrated hardware and software technology enables significant operating and capital expense savings and supports energy conservation initiatives.

“We are very excited to have New World Ventures as an investor and partner,” said George D. Slessman, IO chief executive officer. “With this round of capital investment, we will expand our sales footprint globally and position IO as the global leader in Data Center 2.0 technology.”