ASU Research Park generates jobs, $1.4 billion in state income

asu-research-park
Photo by Tom Story, courtesy of ASU Research Park

AZ Business Magazine

A recent study conducted by the L. William Seidman Research Institute at the W.P. Carey School of Business at Arizona State University reveals that ASU Research Park tenants generate 16,160 jobs for Arizona residents, provide labor income of $865 million for Arizona workers, and account for $1.418 billion in total income.

Labor income is the full compensation paid to workers and total income is the sum of labor income and capital income, including company earnings.

“The ASU Research Park operations and its tenants have a very significant economic impact on our state,” said Dr. Morgan R. Olsen, ASU Research Park Board president and ASU’s executive vice president, treasurer and CFO. “The combination of the Park’s unparalleled business environment and Arizona State University’s commitment to conducting interdisciplinary, use-inspired research will continue to attract great companies and a highly-skilled workforce, and will bring new jobs to our state.”

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