Todd HardySenior Economic Development Advisor,

Arizona State University

Barry BroomePresident and CEO,

Greater Phoenix Economic Council

September 30, 2014

BUILDING AN ECONOMY AROUND HIGHER EDUCATIONB A R R Y B R O O M EPRESIDENT & CEO

GREATER PHOENIX ECONOMIC COUNCIL

Market Size and GrowthGreater Phoenix Population: More than 4 million

• Greater Phoenix topped larger

metros as the best place for

recruitment and attraction(Expansion Management)

• Arizona among the top 5

friendliest states for business

and #1 for our quality and

availability of workforce (CNBC)

• Arizona is one of the top 10

states for doing business (Development Counselors International)

• ASU ranked 5th in the nation

for recruiting new hires(Wall Street Journal)

WEST

VALLEY

771,387 EAST

VALLEY

1,406,273

PHOENIX

1,485,751

Population:

Maricopa County

3,944,859

GPEC Communities

3,762,437

Maricopa County

expected to grow

more than 14% by

2020

Greater Phoenix Economic CouncilRegion’s Economic Development Organization

• A true regional model where public and private

members collaborate to promote Greater

Phoenix as a great place to grow business

• Supported by Maricopa County, 22 cities and

towns, and 180+ private-sector businesses

• Services include regional operating costs

analysis; economic impact and labor studies;

HR employment assistance; connection to

local resources, universities and companies;

site selection

• Since 1989, GPEC has assisted more than 570

companies in locating to the region resulting in

$13 billion in capital investment and more

than 100,000 jobs

GPEC Delivers Results

Ranked Top US Economic Development Organization

Site Selection Magazine – May

2014

Phoenix #1 in the nation in

terms of growth in finance

industry jobs, adding 8,300

from December 2012 – 2013 Forbes, 2014

Mesa’s Apple deal listed as

the Top Economic

Development Deal of 2013 Site Selection

Magazine – May 2014

Phoenix 10th on CNN

Money’s 10 fastest growing

cities CNN Money 2014

Top metro for facilities and

expansions in the Mountain West Region

for 2013 Site Selection

Magazine

Arizona State University

One of the nation’s largest

universities, with 80,000

students at 4 campuses

ASU awards 17,000

degrees annually

Top-tier of U.S.

universities*

W. P. Carey School of

Business - 5 departments

in top 20 rankings*

W.P. Carey School of Business

ranked 27th of 453 graduate

programs

Sandra Day O’Connor

Law School ranked 31st

*US News and World Report

ASU Applied ResearchCollaborative Research Consortia

• ASU’s $405 million research enterprise among the largest in the

U.S. for universities without a medical school

• Industry research consortia are significant drivers of ASU’s research

output

• Research consortia leverage university core research expertise to

provide applied research solutions for industry

• Access to experienced researchers in multiple disciplines

• Leading-edge research in cost-effective projects developed by

industry leaders and university experts

• Post-doc and advanced degree student researchers could act as

pipeline of future talent to industry with job training through industry-

sponsored research projects

ASU Applied ResearchIndustry-led Research Initiatives

• Adaptive Intelligent Materials and

Systems (AIMS) Center

• Alliance for Construction Excellence

Membership

• Center for Engineering Materials

(CEMAT)

• Connection One/ Wireless Integrated

Nano Technology Center (WINTech)

• Consortium for Embedded Systems

(CES)

• Construction Research and Education

for Advanced Technology

Environments (CREATE)

• oFlexible Display Center (Membership)

• Flexible Display Center (Membership)

• Global Research Center for Strategic

Supply Management Research

Program

• Health Sector Supply Chain Research

Consortium (HSRC)

• National Center of Excellence on

SMART Innovations

• Power Systems Engineering Research

Center (PSERC) Industrial

Membership

• Quantum Energy and Sustainable

Solar Technologies (QESST)

• Sensor Signal and Information

Processing Center (SenSIP) Industry

• Water Quality Center (Membership)

Alexandria Co-Networking Network

• Brings together entrepreneurs, innovators, inventors, problem

solvers and small business owners

• Meet in collaboration spaces in public libraries across AZ

• Spaces are free and open to the public

• Form a statewide network of places for people to connect,

collaborate and get access to valuable resources

Arizona State UniversityEntrepreneurship & Innovation

ASU Startup Accelerator

• Supports startup companies that incorporate in AZ

• Including alumni ventures and other non-ASU companies

Edson Student Entrepreneur Initiative

• Gives student entrepreneurs the opportunity to develop innovative

ideas and launch viable businesses

• Offers approximately 20 student-led teams up to $20,000 in seed

funding each year

• Offers office space, training and mentorship to launch their for-profit,

more-than-profit or non-profit ventures

Arizona State UniversityEntrepreneurship & Innovation

Furnace Technology Transfer Accelerator

• Startup accelerator designed to form, incubate and launch new

companies created from technologies and IP licensed from premier

research institutions

• Provides seed funding, office space and access to top industry

mentors to commercialize discoveries made in university research

labs

Rapid Startup School

• Offers opportunity for participants to develop an entrepreneurial

mindset while learning fundamentals of launching new venture

• Designed to support at any stage of development

Arizona State UniversityEntrepreneurship & Innovation

ASU & Economic Development International

• Completed with contributions

from ASU and ASU SkySong

• The toolkit is designed to

assist foreign companies with

investment and expansion

decisions in the United States

• And specifically, the Greater

Phoenix region

• Available in English, Spanish,

Chinese, German and French

ASU & Economic Development International

• Innovative partnership with the

Shanghai Advanced Institute of

Finance

• Executive MBA program

offered in China

• Works one on one with

companies to achieve high-

impact learning outcomes

• Bridges connection between

China and Arizona

• Ongoing partnership with ASU

to promote Greater Phoenix

region to investors

Mesa Gateway Area Phoenix-Mesa Gateway Airport

• 32 square miles; nearly two-thirds the size of San Francisco

• Former Williams Air Force Base closed under Base Realignment Closure in 1993

• Now home to the Phoenix-Mesa Gateway Airport

• Gateway hosts more than 40 companies, serves more than 35 cities with non-stop service, and contributes $1.3 billion annually to the Arizona economy

• Able Engineering is housed in 191,000 SF at the airport; employs 300 with average salary of $90,000

Mesa Gateway Area ASU Polytechnic Campus

• Adjacent to the Gateway Airport

• Nearly 11,000 students

• 40 degree programs

• Home of the Advanced

Technology Innovation Center

• AZLabs, which conducts

security and defense related

research is adjacent to

Gateway and ASU Polytechnic

ASU SkySongDriving Economic Development

ASU SkySong’s Corporate

Engagement Team works with

AAED, GPEC, ACA, MAG &

TREO to partner with industry and

foster innovation and economic

growth

ASU Collaborates with Industry

to:

– Grow Business

– Develop Workforce

– Collaborate on Research

Solar IndustryUniversity Assets

Applied Research Models at ASU

• World’s largest solar testing & certification project: TUV Rheinland

PTL

– The most comprehensive, sophisticated, state-of-the-art facility for

testing and certification of solar energy equipment in the world

• Joint industry research: Solar Power Lab

• Organic prototype; Advanced PV Center

• Innovation: Solar America Initiative R&D federal grants

• Multidisciplinary effort: LightWorks

• University Partnerships: SkySong, ASU Technopolis, Arizona’s

Technology Enterprises

Economic DevelopmentASU’s Engagement

State Farm

• New 2M SF office site on ASU

land

• Created special taxing district

• One of the nation’s largest

redevelopment projects

• Capacity for 8,000 employeesIntel

• ASU and Intel teamed up to

create customized engineering

degree for Arizona workers

• Large talent pool at ASU for

Intel to recruit from

Economic DevelopmentASU’s Engagement

• This summer Dr. Crow joined

Senator McCain and GPEC on

visit with Tesla head Elon Musk

• ASU proposed in-factory

bachelor of science

engineering program

• Coordinated partnership with

area community colleges to

fuel talent pipeline for future

workforce

• ASU Fulton Schools of

Engineering one of the three

largest programs in the US

L to R: Dr. Michael Crow, Senator John McCain, Elon Musk, Barry Broome

Metropolitan Business PlanningVelocity

• Greater Phoenix region needs to shift from a consumption-based

economy to one rooted in advanced industries

• Investment in higher-ed will help pivot the economy

• Greater Phoenix regional leaders have been working with the

Brookings Institution on a Metropolitan Business Plan – Velocity

• ASU sits on Steering Committee, along with other higher-ed

institutions

• ASU and UofA commissioned SRI International to do market

assessment

• By 2025 Velocity will add 200,000 advanced industry jobs, adding

$14.6 billion in new tax revenue to the state, county and cities

Velocity Metro Innovation Initiative

• Engineering occupations are key to this growth, and advanced

industries will grow more than 71,000 engineering jobs

• To meet the need created by growing advanced industries, the

region’s higher-ed institutions will need to increase their capacity to

produce engineering graduates at both community college and

university level

• In the entire state of Arizona, we produce only 33,450 engineers

over 10 years

• In order to fill the additional 71,202 engineering positions created by

Velocity, Arizona will have to produce 37,752 more workers with 2

and 4 year engineering degrees

• Identify and develop disruptive and

breakthrough technologies in advanced

industries

• Create mechanism for industry-led

research, which will be more

commercially viable and productive

• Launch self-sustaining global research

initiatives (EWI)

• Connect export industries and SME’s in

precompetitive cross-industry research

and product development

Advanced Industry Investments

METRO INNOVATION

Industry-led consortia identify technology and human capital opportunities

STEM K-12Tech

WorkforceEngineering

Talent Development

• Align supply of talent to the demand of the

new economy

• Identify and deliver a cohesive K-12 STEM

program aligned to the talent needs of the

new industries

• Prepare a STEM skilled workforce through

our community colleges to move into

advanced industry careers

• Modernize ASU’s engineering school to be

Top 5 in the US

Sustainable R&D Centers

Questions?602.256.7700 | www.gpec.org

THANK YOU!

@GPEC

Greater Phoenix

Economic Council

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