Innovation—introducing something new—in the 21st century mostly derives from technological advances. Innovation drives the modern economy, leading to gains in productivity and prosperity. In this edition of Indicator Insight, author Tom Rex discusses innovation in Arizona in terms of human capital, financial capital, and high-technology employment.

This project, as part of Arizona State University's Community Outreach Partnership Center grant from the U.S. Department of Housing and Urban Development, examines the location of industry clusters in the Phoenix Metropolitan Area. The objective is to find out if there are identifiable concentrations of industry in Phoenix's inner city areas.