How Gov. Ducey’s $1 Billion Bonding Bill Will Be Spent

 

Via azbigmedia.com

Strategic investments by both the public and private sectors over the years has proven to be successful in creating new jobs and innovations, producing meaningful and lasting economic development impacts that will span generations.

For instance, a $500 million strategic investment in 2003 by the state for university infrastructure began an era of industry growth that has reportedly resulted in a 7:1 return on investment or $3.5 billion. In turn, Arizona’s Bioscience Industry increased its number of jobs in bioscience related fields by 49 percent, which is nearly four times the national average.

Arizona Governor Doug Ducey aims to build on that success after signing a landmark $1 billion investment plan in May to accommodate the growing long-term needs of Arizona’s higher education system in order to best serve future generations and provide the workforce of tomorrow.

 

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