economic impact Archives

Tourism in Tempe generates $1 billion in business sales

Tempe

The Tempe Tourism Office released the findings from a comprehensive research project, conducted by Tourism Economics, that details the economic impact of the tourism industry in Tempe. This study, which quantifies the importance of tourism in Tempe, found that 3.7 million visitors to Tempe in 2015 spent $730.6 million in direct expenditures. When combining that… Read More →

Fiesta Bowl, Cactus Bowl have $169.4M economic impact

football

Fiesta Bowl and Cactus Bowl, the two annual college football bowl games hosted in the Valley during the 2015-2016 season, combined to generate an estimated $169.4 million in economic impact, including $79 million in total direct spending for the Valley and more than $7.5 million in direct tax revenue. The breakdown specifically between the two games attributed $111.6 million… Read More →

College Football Playoff has $273.6M economic impact

The 2016 College Football Playoff (CFP) National Championship generated $273.6 million in economic impact, highest among Arizona’s eight college football title games, according to a study by the L. William Seidman Research Institute at Arizona State University’s W.P. Carey School of Business. An estimated 65,401 visitors came to Arizona for the 2016 College Football Playoff… Read More →

Timeline: Luke Air Force Base through its 75 years

Located west of Phoenix, Luke Air Force Base is celebrating its 75th anniversary and is home to the 56th Fighter Wing, the largest fighter wing in the world and the Air Force’s only active-duty F-16 training wing. As part of Air Education and Training Command, and home to 23 squadrons with both F-35A Lightning II… Read More →

How can Arizona recoup its skilled workforce?

workforce

If you’ve attended any local 2016 commercial forecast events, the likelihood of bypassing a panel, speaker or conversation dealing with, or related to, construction and skilled labor issues is slim. It’s not a new issue, but it’s a worrisome one that shows few signs of resolution anytime soon. Why, when other areas of the nation… Read More →

TGen reports $174 million economic impact on Arizona

Translational Genomics Research Institute (TGen) annual economic impact on Arizona has risen eight-fold over 8 years, reaching a total of $174 million annually, according to an independent financial report released Wednesday. Independent auditing firm Tripp Umbach of Pittsburgh’s report shows that TGen is responsible for $8.7 million is annual tax revenues to the state’s general… Read More →

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

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 →