economic impact Archives

Cactus League has $809M economic impact on Arizona


Spring training baseball has become a driving force in Arizona’s economy according to a pair of studies released today by Governor Doug Ducey and members of the non-profit Cactus League Baseball Association. The studies, conducted earlier this year, estimate spring training teams and the ballparks they play in now annually generate more than $809 million… Read More →

Super Bowl pumps $719 million into Arizona’s economy


Super Bowl XLIX scored big for Arizona’s economy. A study completed by the Seidman Research Institute, W.P. Carey School of Business at Arizona State University, determined that Super Bowl XLIX, the 2015 Pro Bowl and related events produced a gross economic impact of $719.4 million in the region. The announcement was made today at The… Read More →

Super Bowl’s impact on economy may last long after game

Arizona Super Bowl Host Committee CEO Jay Parry. Photo by Shavon Rose, AZ Big Media

Early in the planning process for the 2015 Super Bowl, Arizona Super Bowl Host Committee CEO Jay Parry was giving a presentation to Greater Phoenix Leadership and she referred to some of national perceptions of Arizona as “misperceptions.” “An individual walked up to me after the presentation and said, ‘You did a great job, but… Read More →

UA’s Phoenix campus has nearly $1 billion economic Impact


University of Arizona President Ann Weaver Hart and Phoenix Mayor Greg Stanton today announced that the economic impact of the UA’s downtown Phoenix academic medical center in 2013 was $961 million, according to a report released by nationally recognized consultants Tripp Umbach. “Our College of Medicine and the academic medical center have become key generators… Read More →

Each Class of Dropouts costs Arizona $7.6B


The more than 18,000 Arizona students who dropped out of high school this year will produce $7.6 billion less economic activity over their lifetimes than if those same students had graduated, according to a new report by the Arizona Mayors Education Roundtable. Cutting the dropout rate in half would generate $3.8 billion more in economic… Read More →

Super Bowl Committee Launches Community Campaign


Today the Arizona Super Bowl Host Committee announces its community campaign for Super Bowl XLIX. In addition to creating direct economic impact for Arizona, investing in the community and local nonprofits is paramount to the Host Committee’s mission to leave a positive lasting legacy from Super Bowl XLIX. The Arizona Super Bowl Host Committee is… Read More →

Restaurants serve super-sized economic impact


Think about the celebration that occurred after Arizona was awarded  the 2015 Super Bowl. Much of that excitement came because of the economic impact the Super Bowl will have on the state. But the restaurant industry in Arizona generates revenue equivalent to hosting two Super Bowls a month. “Restaurants are critical to Arizona’s visitor industry… Read More →

Navajo Generating Station worth Billions to Navajo Nation

by in Energy | Featured | Workforce

The Navajo Generating Station in northern Arizona will help contribute nearly $13 billion to the Navajo economy and help support thousands of jobs from 2020 through 2044 – if agreements can be reached to keep the plant operating beyond 2019 – according to a study prepared for the Navajo Nation and Salt River Project by… Read More →

Arizona university research has $1 billion impact

banner alzheimers foundation - brain research

A new report shows that Arizona’s economy benefits by more than $1 billion from research at the state’s public universities. To put that in perspective, that is the economic impact equivalent of hosting more than four Super Bowls a year. The Arizona Board of Regents recently released its research report that covers 2012. It details… Read More →

AZ Business Magazine January/February 2013

by in Featured

AZ Business Magazine January/February 2013 Tourism hits a home run One of the greatest holiday gifts I will ever get my parents were tickets to the 2007 Fiesta Bowl between Oklahoma and Boise State. My parents are tough to buy for, they don’t need anything, but they love sports. So even though they aren’t fans… Read More →

Phil Mickelson, Bubba Watson set for Phoenix Open

by in Business News | Sports

Two-time champion Phil Mickelson and Masters winner Bubba Watson have committed to play in the Waste Management Phoenix Open. The news of the popular PGA players’ participation should be an economic boost for business. The 2012 Waste Management Phoenix Open pumped $222 million into Arizona’s economy — with direct sales tax revenue estimated to be… Read More →

Youth Soccer Tournament To Add $10M To Valley Economy

youth soccer championships
by in Economy | Sports

What has almost 500 legs and is worth $10 million? Would you believe a youth soccer tournament in the middle of June? Tournament officials estimate an economic impact of more than $10 million to the Valley when the top 248 Boys and Girls US Youth Soccer teams from Region IV compete in the West Championships… Read More →

Conventional Wisdom – Catering To Phoenix Visitors

Phoenix Convention Center

Debbie Cotton has gone from helping people travel around Phoenix to trying to convince people to travel to Phoenix. Cotton, the former director of the Phoenix Public Transit Department, is about six months into her role as director for the Phoenix Convention Center. “The biggest difference for me is that each day is very different,”… Read More →

Study Puts Tucson Airport’s Economic Impact At $3.2 Billion

tucson airport

A new study shows Tucson International Airport (TIA) brings an annual economic impact of more than $3.2 billion to the region. The study was commissioned by the Tucson Airport Authority (TAA) and conducted by MBA students from the Eller College of Management at the University of Arizona. It has been more than 10 years since… Read More →