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.

Human services provide an important safety net for Arizonans and help many achieve self-sufficiency. But by the close of the last decade, the infrastructure was severely damaged by the recession – with shrinking resources at all levels of government, and across the entire spectrum of nonprofit organizations including faith communities.

Author Tom Rex discusses how the long downward trend in high-technology industries in Arizona continued over the last decade.