University research added $1B to Arizona economy in 2011, report says
A new report by the Arizona Board of Regents shows that research activities at Arizona State University, Northern Arizona University, and the University of Arizona infused nearly $1 billion into Arizona's economy in 2011.
Biodesign Institute at ASU
Arizona Board of Regents News Release
Last year, nearly $1 billion was infused into Arizona’s economy as a result of research at Arizona’s public universities, according to the recently released Arizona Board of Regents 2011 research report. The report details research expenditures as well as the economic, social and scholarly impact that results from research in the Arizona University System, indicating a significant positive impact on the state through new jobs, knowledge and dollars reinvested in the community.
"Research at Arizona State University, Northern Arizona University and the University of Arizona provides a tremendous benefit to our community and the world around us," said Regent Rick Myers, chair of the Arizona Board of Regents. "Research leads not only to transformational discoveries that directly benefit the people of this state and beyond, but it generates jobs, facilitates partnerships, reinvests dollars into the community, attracts top faculty talent, and makes the undergraduate learning experience more rich through instruction and hands-on learning with elite faculty. Research at our universities is a very complex but extremely successful enterprise and its international reputation is a point of pride for our state."
Remainder of news release available at Arizona Board of Regents website.
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Video, Arizona Board of Regents