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Milken InstituteThis the full report. The executive summary is available here. Arizona has several important resources needed to build a successful high-tech economy, including three large research universities, several high-tech industries and organizations that promote technology growth. However, the state is lagging behind in terms of skilled, educated workers, sufficient capital to fund research and expansion by entrepreneurs; and state-level leadership that is informed and committed to implementing well-considered, long-range development strategies.

If Arizona wants to remain competitive in the post-recession economy, it must move quickly to build a healthy, job-intensive technology sector. This report suggests that strategic planning, virtual and brick and mortar business incubators, retaining high-tech graduates, and creating incentives for green technology are all necessary to keep the state competitive in science and technology sectors.

Original Article: Milken Institute Publications - Research Reports - Charting a Course for Arizona’s Technology-Based Economic Development