UA TECH PARK ANNUAL REPORT 2009-2010

Celebrating Fifteen Years of Innovation and Technology Commercialization

• 1,345 acres and 2 million square feet of space• 40 high tech tenants• 7,000 employees• Home to several Fortune 500 companies – Raytheon,

IBM, Citigroup, Cannon USA, CH2MHill• Educational Center – UA South, Pima Community

College, Vail High School

Transformation

• Reorganization – from Office of Economic Development to Office of University Research Parks (OURP)

• Adoption and implementation of Ten-Year Business and Financial Plan

• Reduction of staff from 22 to 14, transferred majority to CRC

• Established office on Main Campus• Rebrand “UA Tech Park”

Regional Economic Impact

• $3.02 billion in total economic impact• $2.1 billion in direct economic impact• $77.9 million in tax revenues• 14,803 jobs• $85,5151 average salary – twice Pima County

average• $519.3 million in direct wages

Outperforming the Competition

• 2.6 % vacancy rate compared to 11.4% in the Tucson metro area and 16.8% in the US

• Average annual increase in employment -- 250 jobs• Employment drawn from throughout the metro region• Renewal of Raytheon lease (603,518 sf) –largest lease renewal in

Pima County during 2008

Financial Performance

• Operating revenues --$12.68 million, operating expenses -- $7.93 million

• $14.6 million in common area expenses • Clean and unqualified audit• Distributed $450,000 to the University• $1. 5 million in building and site improvements• $700,000 to develop the Arizona Bioscience

Park

Educational Center

K -20 education on site– UA South – 36 course, 31

faculty, 207 students– Pima Community College

– 7 courses, 4 faculty, 107 students

– Vail Academy and High School – 150 students

– UA Internships – 100 students

Business Incubation

• Arizona Center for Innovation: finalists for NBIA Incubator of the Year

• 36 companies incubated• 12 companies in 2008 – nine

student and faculty start-ups• $3.1 million in grants, $2.7

million in investment, $600,000 in founder funding

• $150,000 in joint research with UA faculty

Major Development Initiatives

• 200-acre Solar Zone – 19 MW, six companies, multiple technologies, $80-100 million in capital investment

• Hotel and Conference Center – 123 rooms, 8000 sf conference center, $23 million

• Vail Academy and High School, 32,000 sf, $6.1 million• Border Security Technology Commercialization Center

Major Development Initiatives • $3.5 million from Pima County and City of Tucson for the

Julian Wash Linear Park• $3.0 million in City and RTA funding for Rita Road

Improvement• $5 million in well and water distribution system• Workplace Modernization Project – Best Workplace in Pima

County• Tucson Tech Corridor Promotion

Challenges

• Economic Recession – impact on major employers, company recruitment

• University budget constraints – UA South, OURP (staffing)

• Maintaining strong ties to UA Main Campus • Managing several large construction projects