UArizona Space Institute Helps Fuel Local Economy
Feb. 14, 2023
The University of Arizona Space Institute is the subject of some of the most financially impactful research and helps to fuel the local economy.
The university’s astronomy and space sciences operations generate as much money for the local economy every year as a Super Bowl, according to an economic impact report delivered by Rounds Consulting Group. The report had several key findings. First, the total yearly economic output of the university’s space sciences operations is estimated at roughly $560.5 million. In addition, space sciences activities generate roughly $21.1 million in state, county and municipal taxes every year. For comparison, Visit Phoenix estimates Sunday’s Super Bowl will generate $600 million in economic impact for the Phoenix and Arizona economies. The 2022 Super Bowl generated up to $477 million in economic stimulus.
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