Study: UA Tech Park Brings in Millions for Pima County

Tucson News Now

Cynthia Washington

TUCSON, AZ (Tucson News Now) - A new study by Tech Parks Arizona found The University of Arizona Science and Technology Park gave Pima County a major economic boost.

The UA Tech Park and its resident companies have an annual impact of $2.33 billion on the county's economy. 

UA Tech Park tenants generated $106 million in state and local taxes in 2013.

The study also found out that the Tech Park is a center for high-wage jobs. The average wage of a worker at a UA Tech Park tenant was $91,145. That is about twice the Pima County average of $46,363.  In 2013, these tenants paid $567.5 million in direct wages to their employees.

The UA Tech Park remains one of the largest employment centers in the Tucson region. It's home to 45 companies and organizations that employ nearly 6,500 skilled workers who are from throughout the region.

Twice a year, UA Tech Park tenants are surveyed to find the impact that the Tech Park has on the economy. The current study, analyzes the economic and tax revenue impact of the UA Tech Park in Pima County for the calendar year 2013.

You can read the full report at https://techparks.arizona.edu/parks/ua-tech-park/economic-impact.

http://www.tucsonnewsnow.com/story/28087209/ua-tech-park-brings-in-millions-of-tax-dollars