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- All Subjects: Arizona State University -- Economic aspects
- All Subjects: Water-supply
- Creators: Center for Competitiveness and Prosperity Research
- Resource Type: Text
This report provides an assessment for fiscal year (FY) 2013 of the economic contribution of Arizona State University (ASU) to the city of Phoenix, Arizona. Estimates are presented for the jobs and incomes that are supported in the Phoenix economy by the spending of the university and its employees and students. The economic contribution to Phoenix of the spending by the university, its employees, and its students, in FY 2013 totaled more than 24,000 jobs, $1.1 billion in labor income, and nearly $1.8 billion in gross product.
This paper examines Arizona State University (ASU) graduates employed in Arizona. Approximately 207,000 ASU graduates were working in Arizona in 2012. The aggregate earnings of the ASU graduates were around $11.4 billion. These individuals contributed about $819 million in state taxes.
The condition of Arizona’s infrastructure has a direct impact on economic productivity and quality of life. As economic competition expands domestically and globally, and as the knowledge economy evolves, the importance of a strong infrastructure increases. Education, in particular, is of growing importance. Arizona’s infrastructure challenges will require commitment and creativity to meet the needs and potential of 10 million people and to ensure a positive future for the state.
An assessment for fiscal year (FY) 2016 of the contribution of Arizona State University (ASU) to the Arizona economy, based on the economic impact of its employment and spending, its benefits as a provider of higher education, and its research.