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The Economic Impact of $1.4 Billion of University Construction Projects on the State of Arizona: A Report From the Office of the University Economist

ContributorsHoffman, Dennis (Author) / Rex, Tom (Author) / Center for Competitiveness and Prosperity Research (Contributor)
Created2008-06
Description

The initial $1.4 billion construction investment results in an immediate addition of $828 million to GSP and $700 million in labor income after controlling for resource and material acquisition from out-of-state sources. The in-state activity induces additional GSP generation of $1.1 billion and $711 million in labor income as the…

The initial $1.4 billion construction investment results in an immediate addition of $828 million to GSP and $700 million in labor income after controlling for resource and material acquisition from out-of-state sources. The in-state activity induces additional GSP generation of $1.1 billion and $711 million in labor income as the direct effects ripple through the Arizona economy.