The Greater Phoenix Economic Council said Friday that president and CEO Barry Broome, who had announced his departure for a similar post in San Diego earlier in the week, would remain with the organization.
Broome has led the public-private economic development partnership since 2005. He had been set to take charge of the San Diego Regional Economic Development Corporation on Aug. 1.
GPEC said a successful year of corporate relocations and job growth was due in large part to Broome, so the organization's leadership persuaded him to stay.
“We are confident that Mr. Broome will continue to contribute to the success of GPEC and be a vital member of our community as we continue to fulfill our economic development mission,” said chairman William Pepicello in a statement.
The Phoenix Business Journal interviewed Broome about his decision to stay in the Valley. In the interview, Broome said there will be no change to his GPEC contract, pay or benefits.
Broome championed the passage of Arizona’s program for renewable energy tax incentives and coordinated with markets over Arizona as well as in Europe in Asia. During his tenure, more than 160 companies, 30,980 jobs and $6.5 billion came to the metro area.
“Barry has been a passionate and authentic champion for Arizona,” Don Cardon, Arizona Commerce Authority president and CEO, said in a statement men Broome announced his departure. “He is not only a thought leader but also a thought doer. I have admired his untiring willingness to work on behalf of all Arizonans and build viable economic models for the communities that GPEC serves.”