The Arizona Economic Resource Organization (AERO) board has unanimously passed a resolution to support the proposed Economic Stimulus Program. The proposal would stimulate Arizona's economy by immediately authorizing $1.4 billion in capital projects for Arizona's three Universities & the Phoenix Biomedical Campus, & would support an estimated 30,000 jobs.
The direct impact of this effort would create approx. 14,438 new jobs, with an estimated indirect impact of another 16,660 jobs. Over $1.9 billion will be added to the State's Gross Domestic Product during the construction phase while over $1.4 billion in household income will accrue to Arizonans. The estimated combined state & local tax revenue will be $140 million during construction alone.