Regents: UA, ASU, NAU contribute $1B to Arizona economy - East Valley Tribune: Business

Regents: UA, ASU, NAU contribute $1B to Arizona economy

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Posted: Friday, June 29, 2012 5:58 am

Nearly $1 billion was infused into Arizona’s economy last year as a result of the research at Arizona’s three public universities, according to a report by the Arizona Board of Regents.

“Research leads not only to transformational discoveries that directly benefit the people of this state and beyond, but it generates jobs, facilitates partnerships, reinvests dollars into the community, attracts top faculty talent, and makes the undergraduate learning experience more rich through instruction and hands-on learning with elite faculty,” said Regent Rick Myers, chair of ABOR.

One of the research programs that is currently underway at Arizona State University involves studying spider silk in an effort to produce materials ranging from bulletproof vests to artificial tendons, while also mimicking spiders’ eco-friendly methods in the process.

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