How ASU Innovation Zones are fueling Valley economic development

ASU Innovation Zones

Cultivating a strong economy goes further beyond openings for collaboration, skill acquisition and research opportunities. It’s also about creating an environment in which to foster a talented, educated and skilled workforce able of progressing the industries of the future.

The Novus Innovation Corridor, spanning across downtown Tempe, is ASU’s biggest innovation project. Construction of completed and currently active projects in Novus are predicted to generate an economic impact of $1.86 billion. ASU also projects 33,734 jobs will be created by 2035 through office, hotel, multifamily and retail operations in Novus. More than 20,000 temporary construction jobs related to its development will also be generated.

ASU President Michael Crow gives credit to Novus for being a primary reason ASU has been ranked as America’s most innovated university over the past seven years.


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