Location. Location. Innovation.

The ASU Office of Economic Development (OED) supports Arizona’s business attraction, retention and expansion strategies to help improve our communities and accelerate our economy.

About Innovation Zones View Map

Students collaborating on new tech device

Advancing Arizona’s economy

With a commitment to the economic, social and cultural health of the communities we serve, the ASU Economic Development team serves as a catalyst for promoting and strengthening the growing economy in the Greater Phoenix region. In FY 2020 alone, ASU had an economic impact of $4.6B on the state’s gross product. We leverage one of Arizona’s strongest economic partners, Arizona State University, to attract and expand new business and industry.

$4.48 Billion

In FY23, the university generated an economic impact of $5.75 billion on the state’s gross product, $3.58 billion in labor income and 56,930 jobs.

55%

More than 55% of ASU graduates stay in Arizona for employment.

Top 10

Top ten in the world for excellence in employer-student connections (QS World University Rankings, 2022)

Investing in local communities

State Farm invests in communities where we live and work, it’s part of being a good neighbor. We are proud to team up with ASU and excited to have our Marina Heights facility VP Enterprise Technology, State Farm. As a leader in innovation, ASU is an incredibly responsive and engaged partner in efforts like the Pathways for the Future program that is committed to building the workforce of the future. Our employees also benefit from the proximity to ASU for continuing education, personal development and volunteer opportunities.

Ines Halloran VP Enterprise Technology, located in Novus Innovation Corridor

ASU fuels a pipeline of tech-savvy graduates

With more than 140,000 students, there are myriad ways ASU’s diverse student body can be an asset to co-locating partners.

Internships: The right people with the right talents will help your business thrive. ASU students have applicable, real-world skills and knowledge to apply in your workplace.

Practice labs: ASU creates custom teams of students, faculty and advisors to embed with your company and solve your most pressing challenges.

Graduates: A significant number of ASU grads stay in Arizona after graduation, creating a robust talent pipeline. Graduates have transdisciplinary skills they can apply on day one.

183,000+

More than 145,000 students are enrolled at ASU, making it the largest university, by student population, in the United States. Of the student body, over 32,000 students are enrolled in the Ira A. Fulton Schools of Engineering.

31,880

ASU granted over 31,000 degrees in academic year 2023-2024.

650,000+

There are more than 530,000 ASU alumni around the world, with more than 62% staying in Arizona for employment after graduation.

Location. Location. Innovation.

Locate to innovate. Prime locations, smart city infrastructure, Class A office space and build-to-suit options combine with the ASU difference — the opportunity to tap into research, programs, initiatives, faculty and student resources.

ASU Polytechnic Innovation Zone