The L. William Seidman Research Institute at the W.P. Carey School of Business at Arizona State University has recently conducted a survey revealing that ASU continues to contribute to the community in ways outside the realm of education.

The survey conducted shows that tenants at the ASU Research Park generate more than 16,000 jobs for Arizona residents, provide $865 million of labor income for Arizona workers, and has a $1.418 economic impact in the state.

“The ASU Research Park operations and its tenants have a very significant economic impact on our state,” said Dr. Morgan Olsen, ASU Research Park Board president. Dr. Olsen is also executive vice president, treasurer, and CFO at ASU. “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.”

Data files and input-output relationships contained in IMPLAN, an economic impact software, were used to make the estimates of the economic impact study. For the survey, the economic impact analysis was comprised of three parts: direct impacts, indirect impacts, and induced impacts.

Dr. Kent Hill, the principal research economist in the Center for Competitiveness and Prosperity Research at the Seidman Institute, states that “Activity at ASU Research Park has grown rapidly over the past four years. Tenant employment is up 34 percent since 2012. This is good news for ASURP and good news for the technology sector in the Greater Phoenix area.”

The 51 corporate tenants located at ASU Research Park currently employ more than 6,000 people. Lessees at the 320-acre park include Amazon, Amkor Technology, Avnet, Edward Jones, Go Daddy, Iridium, PADT, and ViaSat. Also located at the park is ASU MacroTechnology Works, home to ASU’s Flexible Electronics and Display Center and Solar Power Lab.