By Eric Jay Toll | Phoenix Business Journal
Northern Trust brings $95M regional operations, 1,000 jobs to Tempe
Commerce Authority audit: Better explain those numbers
New company sites just the start for Valley
It all comes down to the math.
The decision facing the Arizona Commerce Authority and city of Tempe was whether to invest more than $12 million in Chicago-based Northern Trust’s regional corporate headquarters and its plans to open in Tempe. If Arizona and the city did not step up to the plate on this deal, the project would go to a competing state. More than two years had gone into negotiations, and the deal could fall apart if the dollars didn’t make sense.
