Finance

Beloved Greenwich Finance Chief to Step Down After Years of Service

Mynarski, who holds the title of comptroller, was hired in August 2004. Although he has not yet set a specific retirement date, he anticipates stepping down later this year. The town has already posted Mynarski’s position, with a starting salary of $200,000. The finance department oversees key areas such as budgeting, internal auditing, risk management, and the administration of employee retirement plans, among other responsibilities.

Mynarski’s impending retirement comes at a time of broader changes within the finance department. The town is also seeking a new deputy budget director, and Budget Director Roland Geiger is expected to retire as well. However, the town has yet to determine its approach to filling that vacancy, and the budget director position has not yet been posted.

During a Board of Estimate and Taxation human resources meeting on January 15, Mynarski shared that both he and Geiger have been ready to retire for the past few years but have postponed their departures to allow for succession planning. The BET had previously discussed Geiger’s retirement in December.

TECH

Amazon, Google, and TSMC Drive Tech Boom in Phoenix

Tech may not be the first thing that comes to mind when you think of Phoenix, a city typically associated with golf courses, Major League Baseball’s Spring Training, retirement, and intense heat.

However, Phoenix has quietly transformed into a growing innovation hub over the past few decades. Arizona’s largest city has become a focal point for semiconductor manufacturing and testing self-driving cars and drones for a variety of reasons.

"As we look at cities that evolve into major tech hubs, there are four key factors that usually drive their success, and Phoenix has all of them," said Anne Hoecker, global head of technology at Bain Global. "The first is a business-friendly environment, followed by a strong ecosystem of other companies, proximity to a university with a robust engineering program, and lastly, access to talent."

Tech companies have increasingly flocked to Phoenix to take advantage of these factors. Among the most notable is Taiwan Semiconductor Manufacturing Company (TSMC), which is one of the largest players in the industry.

TSMC, the producer of the world’s most advanced chips, has committed to investing $65 billion in the greater Phoenix area. The company first began discussions with Phoenix in 2016, as it sought to expand its advanced chip manufacturing beyond Taiwan. To secure the deal, the Greater Phoenix Economic Council spent three years designing a science and technology park to meet the company’s needs. Once completed, the project is expected to create around 62,000 jobs in and around the TSMC facility.

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CRYPTO

Trump to Declare Cryptocurrency a National Priority

President-elect Donald Trump is preparing to issue an executive order that will elevate cryptocurrency as a key policy priority, providing industry insiders with a voice in his administration, according to sources familiar with the plans.

The order is expected to designate cryptocurrency as a national priority or imperative—strategic language intended to encourage government agencies to collaborate with the industry. Additionally, the order is set to establish a crypto advisory council to advocate for the industry's policy goals, according to the sources, who spoke on the condition of anonymity as the executive order has not yet been made public.