SkySong, the ASU Scottsdale Innovation Center, “is a job creator with outsized ripple effects” on economic development in the region, with an estimated impact of $58.2 billion during the next 30 years. Moreover, it offers even more value as a brand representing innovation and entrepreneurship.
The estimate is part of a comprehensive market analysis/economic and fiscal impact study conducted by Elliott D. Pollack and Company to gauge the project’s effect on regional economic growth. The study found that the SkySong public-private-university partnership was a catalyst in making it a major part of Arizona’s economic development picture.
Overall, SkySong specifically generates an estimated annual impact of 9,350 total jobs, $584.4 million in wages and $1.3 billion in economic activity. Going forward, including induced development, the 30-year economic impact will exceed $58.2 billion.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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