| Three Innovative Phoenix Biotech Businesses Secure Spot in Prestigious Start-Up Stadium Stage at 2023 BIO International Convention | https://www.phoenix.gov/newsroom/ced/2759 | Community and Economic Development | | 5/31/2023 12:00:00 AM | https://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/2759/Newsroom_CED_06.png | | Three Innovative Phoenix Biotech Businesses Secure Spot in Prestigious Start-Up Stadium Stage at 2023 BIO International Convention | <div class="ExternalClass744D7931B24C495DB11A96A54CD288A1"><html>
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<p>Phoenix-based start-ups <a href="https://electratect.com/" target="_blank">ElectraTect</a>, <a href="https://www.faknostics.com/" target="_blank">FAKnostics</a>, and <a href="https://www.referencemedicine.com/" target="_blank">Reference Medicine</a> are among the 50 global companies selected to participate in the highly acclaimed <a href="https://www.bio.org/events/bio-international-convention/start-stadium-2023" target="_blank">Start-Up Stadium</a> at the <a href="https://www.bio.org/events/bio-international-convention" target="_blank">2023 BIO International Convention</a>. This unique platform provides seed-stage companies with an invaluable opportunity to interact with influential investors and receive feedback that will contribute to their journey toward success.</p>
<p>Competing on the Start-Up Stadium stage opens avenues for these start-ups to connect with key players in the investment community, venture philanthropy groups, and strategic partners, and gain access to previously unreachable capital.</p>
<p>"Companies are flocking to Phoenix, making it number one in life science job growth among the nation's emerging life science markets," said Mayor Kate Gallego. "The bioscience health care workforce has increased by over 60% since 2008, which drives our economy forward. Watching businesses such as ElectraTect, FAKnostics, and Reference Medicine take the global bioscience stage and represent Phoenix is exciting."</p>
<p>This year's BIO International Convention, set to take place from June 5-8 in Boston, Massachusetts, aims to promote collaboration between large corporations and fledgling businesses in the biotechnology industry. Representing the City of Phoenix Pavilion (booth #3035) are nearly 30 companies and organizations. Attendees are encouraged to visit the City of Phoenix Pavilion at the 2023 BIO International Conference.</p>
<p>"As America's fifth-largest city, we are also one of the top 10 places for start-ups, driving our bioscience industry forward at rapid speeds," said the City of Phoenix Community and Economic Director, Christine Mackay. "Investors from across the globe are doubling down on their commitment to bioscience in Phoenix. I'm confident that the emerging life science opportunities and extraordinary innovation ecosystem in Phoenix will only continue to thrive. Our delegation is the best of the best, and we are ready to show off all Phoenix has to offer at BIO 2023."</p>
<p>These Phoenix-based biotech start-ups, selected as finalists, are working on groundbreaking projects.</p>
<p>"We are thrilled to have the opportunity to present at Start-Up Stadium and are excited to share our vision for a world where cancer research isn't stopped by specimen access, but rather, accelerated by it," said Inga Rose, Founder, and CEO, Reference Medicine.</p>
<p>Similarly, FAKnostics is making a mark in cancer therapeutics.</p>
<p>"We are extremely excited to have this chance to present our science on groundbreaking cancer therapeutics and detection of highly aggressive cancers," said Timothy Marlowe, PhD, Chief Scientific Officer, FAKnostics, LLC. "FAK is a protein found in 80% of all cancers and FAKnostics has pioneered a brand-new way to design drugs that inhibit FAK, which represent the first of its kind. This is an excellent opportunity to meet prospective investors that want to bring revolutionary medicines to cancer patients in need."</p>
<p>Making waves in innovation, ElectraTect among those selected this year.</p>
<p>“EelctraTect is honored to be selected among the hundreds of applicants to present at Start-Up Stadium and represent the budding biotech start-up hub in Phoenix," Dr. Christina Forbes, Senior Scientist.</p>
<p>The Start-Up Stadium will distinguish evaluations of start-up company finalists who have raised less than $1M from those of emerging company finalists who have secured more than $1M but less than $10M to date. Winners will be identified in both categories. Previous winners have reaped benefits such as "fast-track" admission review to incubator programs at the <a href="https://www.illumina.com/company/illumina-for-startups/accelerator-program.html" target="_blank">Illumina Accelerator</a> and <a href="https://innovationspace.org/" target="_blank">The Innovation Space</a>, along with complimentary one-year memberships in the <a href="https://www.bio.org/events/bio-international-convention" target="_blank">Biotechnology Innovation Organization</a>, inclusive of access to cost-saving programs of <a href="https://www.bio.org/save/business-solutions" target="_blank">BIO Business Solutions</a>.</p>
<p>About the Phoenix Start-ups:<br></p>
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<a href="https://electratect.com/" target="_blank">ElectraTect, Inc.</a> is developing a solution to one of society's most recent problems – marijuana detection. Like alcohol, marijuana use can impair the operation of any vehicle. ElectraTect's breathalyzers detect tetrahydrocannabinol (THC), the primary psychoactive compound in marijuana. The device would use electricity and an oxidation reaction to detect levels of THC. Police would employ the breathalyzer roadside, with the long-term goal of the device being accessible for the public to use in the home.</p>
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<a href="https://www.faknostics.com/" target="_blank">FAKnostics, LLC</a> is a research leader in therapeutic development with core competencies in pharmacology and drug discovery. FAK (focal adhesion kinase) is a cytoplasmic protein tyrosine kinase that is over-expressed and activated in several advanced-stage solid cancers. Over the last four years, FAKnostics has developed a focus on structure-based drug design to complement and extend cancer biology capabilities. In the future, FAKnostics plans to continue the development of FAK-related drugs to provide new therapies for cancers and other diseases that lack effective treatment options.</p>
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<a href="https://www.referencemedicine.com/" target="_blank">Reference Medicine</a> was founded by researchers who were tired of traditional biospecimen sourcing getting in the way of science. Reference Medicine makes it easy to find the specimens you need at a fraction of the cost - so your team can get on to building the next big thing in healthcare.</p>
<p>About Phoenix:</p>
<p>Phoenix is the fifth-largest American city, home to 1.7 million people. The most populous state capital, it was named the 2017 “Highest Performing City" by Governing Magazine. Key industries include advanced business and financial services, technology, health and life sciences, hospitality, and advanced manufacturing. At 517 square miles, with world-renowned mountain trails and opportunity for diverse lifestyles, Phoenix has the shortest average commute times among the 12 largest U.S. metropolitan areas. Founded in 1868, Phoenix's wild-west roots grew to host major events in a dynamic downtown for the Super Bowl, NCAA championships and music festivals. Community and accessibility have made Phoenix a top market for bioscience, semiconductor manufacturing, retail, and so much more. For more information, visit <a href="file:///C:/Users/077120/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/B5ICQ230/investinphoenix.com/industries/bioscience-healthcare" target="_blank">investinphoenix.com/industries/bioscience-healthcare</a>.<br></p>
<div>Media Contact:</div>
<div>Athena Sanchez</div>
<div>Interim Communications Manager </div>
<div>City of Phoenix </div>
<div>E-mail: athena.sanchez@phoenix.gov</div>
<div>Cell: 602-621-0507 <br></div>
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| Truth in Taxation Hearing Notice of Property Tax Increase | https://www.phoenix.gov/newsroom/budget-and-research/2756 | Budget & Research | | 5/26/2023 4:00:00 PM | https://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/2756/City-of-Phoenix-Aerial-View.jpg | | Truth in Taxation Hearing Notice of Property Tax Increase | <div class="ExternalClass1239B8E01C3648D38709E476EC1E17EA"><html>
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<strong>Tax Notice Explained</strong>
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<p>The accompanying Truth in Taxation notice is required by state law. The required notice addresses the City's primary property tax, which supports the General Fund services such as police and fire, parks and recreation, libraries and senior and community centers.</p>
<p>The City of Phoenix's proposed primary property tax rate for 2023-24 of $1.2851 per $100 of assessed valuation is reduced from its 2022-23 rate of $1.2989 per $100 of assessed valuation. However, overall increases in assessed valuation result in a 2% increase in primary property taxes for the average City of Phoenix property owner. Individual experiences may differ based on unique property variances.</p>
<p>State law requires the notice below any time the average primary property tax bill increases, even if the primary property tax rate is reduced. </p>
<p>The Truth in Taxation notice prescribed by state law does not address the City's secondary property tax. The City's secondary property tax rate for 2023-24 will be unchanged from its 2022-23 rate of $0.8141 per $100 of assessed valuation. Secondary property taxes pay the bonded debt service for facilities like libraries, police and fire stations, storm drains and parks.</p>
<p>For more information, call 602-262-4800, or visit <a target="_blank" href="file:///C:/Users/082377/Desktop/phoenix.gov/budget">phoenix.gov/budget</a>.</p>
<p>Truth in Taxation notice publication dates and locations:</p>
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<li>The Record Reporter – May 26, 2023, and June 5, 2023.</li>
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<p>Additionally included in published estimates of revenues and expenses:</p>
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<li>The Record Reporter – June 12, 2023.</li>
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<strong>Truth in Taxation Hearing Notice of Tax Increase</strong>
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<p>In compliance with section 42-17107, Arizona Revised Statutes, the City of Phoenix is notifying its property taxpayers of the City of Phoenix's intention to raise its primary property taxes over last year's level. The City of Phoenix is proposing an increase in primary property taxes of $4,098,863 or 2.00%.</p>
<p>For example, the proposed tax increase will cause the City of Phoenix's primary property taxes on a $100,000 home to be $128.51 (total proposed taxes including the tax increase). Without the proposed tax increase, the total taxes that would be owed on a $100,000 home would have been $125.99.</p>
<p>The proposed increase is exclusive of increased primary property taxes received from new construction. The increase is also exclusive of any changes that may occur from property tax levies for voter approved bonded indebtedness or budget and tax overrides.</p>
<p>All interested citizens are invited to attend the public hearing on the tax increase that is scheduled to be held June 14, 2023, at 2:30 p.m. at the City of Phoenix Council Chambers, 200 W. Jefferson St.<br></p>
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| Critical Incident Briefing: May 14th, 2023 – 39th Ave. and Cactus Rd. | https://www.phoenix.gov/newsroom/police/2758 | Police | | 5/26/2023 7:00:00 AM | | https://www.youtube.com/watch?v=XL43dP2B3zo | Critical Incident Briefing: May 14th, 2023 – 39th Ave. and Cactus Rd. | <div class="ExternalClass325C777D78ED4F09B2416A5558E77A75"><html>
<p><strong style="background-color:window;color:windowtext;font-size:10pt;">WARNING: The attached video may contain strong language as well as graphic images which may be disturbing to some people. Viewer discretion is advised.</strong></p><p> <br>The Phoenix Police Department has released a Critical Incident Briefing (CIB) video that includes audio, visuals and information related to an officer-involved shooting (OIS) which occurred on May 14<sup>th</sup>, 2023.</p>
<p>This incident occurred in the area of 39<sup>th</sup> Avenue and Cactus Road when Phoenix Police received a call about shots fired behind the caller's house. The caller also indicated she believed the person shooting was her son. </p>
<p>Two officers responded to the home and contacted the woman who called police. During the contact, a man came to the front door armed with a gun and began firing towards the ground. </p>
<p>The officer's backed up from the house and took a position in front. Over the next couple of minutes, they heard gunshots from inside the home. </p>
<p>The suspect walked to the open front door and raised a gun at the officers. This is when the officer involved shooting occurs.</p>
<p>The suspect walked to the open front door, stopped in the doorway and did not listen to police commands. An officer discharged a 40mm less-lethal launcher, striking the suspect, which caused him to retreat into the house. A couple minutes later, the suspect walked out of the house unarmed and is taken into custody. </p>
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<p>The suspect was not injured by officer gunfire. He was later booked on multiple felony charges to include aggravated assault, misconduct involving weapons, endangerment and aggravated assault. No other community members or officers were injured during this incident. </p>
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<p>Conclusions about whether the actions of the officers are consistent with department policy and the law will not be made until all facts are known and the investigation is complete. An internal investigation by the Professional Standard Bureau is currently underway, in addition to a criminal investigation. Once the criminal investigation is complete it will then be reviewed by the Maricopa County Attorney's Office.<br> <br>Public records law required redaction of certain personal identifying information before video is released publicly. That is why you may see some parts of Body Worn Camera (BWC) blurred or covered with a black box. Redacted video is released to local media in conjunction with the release of this Critical Incident Briefing for independent review and publication. Complete, unedited versions of the BWC are released to attorneys and the courts as evidence in a criminal case.<br></p>
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