February 5, 2016 / Modified oct 25, 2016 4:38 p.m.

Tech Park's Billion-Dollar Impact

University program boosts local economy by giving companies a home.

Arizona Business Report spot

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On the Arizona Business Report AZPM's Zac Ziegler and Inside Tucson Business Editor David Rupkalvis discuss a growing economic driver in Pima County.

The University of Arizona Tech Park was started in 1994 at a site that was previously home to IBM's Tucson operations. Today, the companies in it have grown to employ 6,500 people and together have an economic impact of nearly $1 billion in Pima County. UA Tech Park focuses its efforts on growing tech in the industries that thrive in Arizona: national defense, mining, agriculture, bio-technology, transit and green energy. It pushes those industries while fostering companies that grow out of the UA and working with industries from outside the university.

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