Barry Broome, introduced by Todd Hardy, of the Greater Phoenix Economic Council.

5. Todd Hardy
Senior Economic Development Advisor,
Arizona State University

7. Barry Broome
President and CEO,
Greater Phoenix Economic Council

8. BUILDING AN ECONOMY AROUND
HIGHER EDUCATION
B A R R Y B R O O M E
PRESIDENT & CEO
GREATER PHOENIX ECONOMIC COUNCIL
September 30, 2014

9. Market Size and Growth
Greater 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

10. Greater Phoenix Economic Council
Region’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

11. 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

12. 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

13. ASU Applied Research
Collaborative 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

14. ASU Applied Research
Industry-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)

15. Arizona State University
Entrepreneurship & Innovation
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

16. Arizona State University
Entrepreneurship & 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

17. Arizona State University
Entrepreneurship & 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

18. 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

19. 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

20. 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

21. 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

22. ASU SkySong
Driving 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

23. Solar Industry
University 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

24. Economic Development
ASU’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 employees
Intel
• ASU and Intel teamed up to
create customized engineering
degree for Arizona workers
• Large talent pool at ASU for
Intel to recruit from

25. Economic Development
ASU’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

26. Metropolitan Business Planning
Velocity
• 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

27. 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

28. Advanced Industry Investments
• 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
METRO
INNOVATION
Industry-led consortia identify technology and human capital opportunities
STEM K-12
Tech
Workforce
Engineering
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

29. THANK YOU!
Questions?
602.256.7700 | www.gpec.org
@GPEC
Greater Phoenix
Economic Council
(Groups)
gpecgreaterphoenix
GPEC4JOBS

31. #UEDASummit