High Tech Investment As An Engine For Economic Growth In Southern Arizona

2759 words - 12 pages

There is a far-reaching problem in the Arizona community. Despite the draw of sunny weather and beautiful landscapes, the state is unable to attract enough brainpower to fuel the economic climate. Arizona definitely has the potential to be a major player in the new knowledge and idea-based national economy. Currently ranked 10th in the nation for progress into the New Economy (The State Economic Index), Arizona supports seven high tech clusters, one of which, optics, has been "a world model in cluster economic development" (Barber). However, this situation is ephemeral. Pima County, especially, is struggling to keep high tech businesses in the area due to a lack of the most crucial commodity ...view middle of the document...

Some of these businesses include Raytheon Systems, Bombardier Aerospace, Sunquest Information Systems, Honeywell, IBM and Texas Instruments. It is essential that these businesses work in conjunction with local schools to ensure that there are enough qualified workers to meet their needs. Raytheon Systems, a major defense contractor, has tried combining its efforts with Pima Community College and the University of Arizona to help meet their particular educational demands. Through this collaboration, Raytheon is guaranteed competent local workers on a yearly basis. A stunning 5% of this country's engineering graduates are employed at Raytheon each year. Joseph Coyle, Vice President of Human Resources and Communications for Raytheon Systems explained the reason for Raytheon's success: they currently enroll employees and potential employees in 800 specialized courses both in-house and in collaboration with the University of Arizona and Pima Community College (Kolbe, et al). Raytheon's plan has succeeded in providing a pool of qualified workers for its own needs, but the plan is not universally feasible. Sunquest Information Systems, a company that develops and supports clinical information systems, has taken a different approach to acquiring employees: they look beyond the local workforce. A large number of their employees need to be trained in specific technical fields, like systems specialization and computer science and languages. The problem that arises is that most of these skills are honed in the field through actual job experience, which make it difficult for a graduate student to jump right into the work force. Therefore, many out-of-state, even out-of-country employees are hired. Though Sunquest looks to the U of A's computer science department for potential employees, their lack of synergy with area schools forces them to search elsewhere (Vaughan). The University of Arizona is one of the most important local resources for training qualified workers. Dr. John Taylor, Dean of the College of Education, coordinates the U of A's strategies for cooperative education and training. The U of A has established significant partnerships with local K-12 schools as well as with Pima Community College (Kolbe, et al). Although there have been several successful programs established, Arizona has fallen to 37th in the country for percent of adult population with a college degree suggesting that not enough workers have a comprehensive formal education (Muro). There are programs that accommodate the needs of those without formal education, allowing them to enter the workforce, such as ITT Technical Institute and the Fred Acosta Job Corps, however, high-tech companies usually require more than an associate degree for potential employees.Pima County Community Services has developed workforce training programs that offer opportunities for low wage workers to acquire the skills necessary for higher paying, high tech jobs. High Tech High Wage...

Other Essays Like High-Tech Investment As An Engine For Economic Growth In Southern Arizona

Discuss the extent to which economic growth may benefit an economy

620 words - 3 pages standards due to an increase in wealth per capita of individuals in an economy. Economic growth will also create more jobs as companies will expand and new ones will be formed that will employ people, therefore unemployment may also fall. A rising demand and output will encourage investment in capital and therefore help to move towards a sustainable level of economic growth, opposed to a short-term growth. There may be a potential for an economy

Explain the Factors That Have Led to Rapid Economic Growth in the Gulf States?

543 words - 3 pages hot spot where they exploit the cheap force of south Asian workers from Pakistan and Bangladesh who are creating the Gulf’s dreams for the future a process made simpler through globalisation. The cheap workforce alone means nothing without the access to global markets, with US military intervention in the Gulf, an alliance has been forged which has in turn led to the gulf states having access to these markets leading to exponential economic growth.

“to What Extent Was Rapid Economic Growth the Cause of Social Tensions in Wilhelmine Germany?”

1952 words - 8 pages “To what extent was rapid economic growth the cause of social tensions in Wilhelmine Germany?” In Wilhelmine Germany, an industrial revolution was taking place. By 1910, Germany had almost caught up with Britain on the production of industries such as coal and steel, with the rate of growth overwhelmingly surpassing that of the Britons. Germany was also home to new industries, like that of chemicals, which quickly saw 90% of the world’s hair

Make a Case to the Ceo for or Against Investment in This New Operating System (as Opposed to Sticking with Your Current Operating System Platform) Clearly Argue Why You Would Recommend Installing This...

969 words - 4 pages Abstract Make a case to the CEO for or against investment in this new operating system (as opposed to sticking with your current operating system platform) clearly argue why you would recommend installing this new system or not? There are many questions that must be answered before you purchase a new operating system (OS). Foremost is the cost of the upgrade to the Vista OS. Will it make the company work more efficient, or improve

An Evaluation On The Socio Economic Characteristics Of Solar Lighting Users To Determine The Market Segment For Solar Products As A Basis For Expansion: The Case Of Card Bdsfi Experience, Philippines

1897 words - 8 pages AN EVALUATION ON THE SOCIO ECONOMIC CHARACTERISTICS OF SOLAR LIGHTING USERS TO DETERMINE THE MARKET SEGMENT FOR SOLAR PRODUCTS AS A BASIS FOR EXPANSION A PAPER ON DESCRIPTIVE STATISTICS Submitted to; Dean Agnes Rola In fulfillment of the requirements for PAF 203 2nd sem 2011-2012 University of the Philippines College of Public Affairs CLARISSA M. DIMACULANGAN March, 2012 I. Introduction In the Philippines, until today, some remote

The Legalization of Marijuana in America: from an Economic Standpoint

2938 words - 12 pages From an Economic Standpoint 12/2/2012 The Legalization of Marijuana in America ID: 1175376 Introduction After the recent 2012 United States Presidential Election, whereupon Colorado and Washington passed the policy to legalize marijuana for “adult purposes,” government officials faced conflict as to whether to legalize the drug on a federal level or not (Smith 1). There is a battle between the Supreme Court and federal government

Wall Street Journal Article - Economic Growth - Joseph T. Hallinan, "Once Seen As Risky, One Group Of Doctors Changes Its Ways," The Wall Street Journal, June 21, 2005, Pg A1

700 words - 3 pages standard of living. Standards of living include access to clean water, public education, and per capita income. Growth causes an increase in the standard of living for individuals in an economy. As the quantity of inputs increase, output will also increase. As the inputs are increased the production in an economy will increase as result of the production function. The increase in economic productivity will cause an increase in the income of

Acceptability of Nostoc as an Additive in Making Cookies

616 words - 3 pages THE ACCEPTABILITY OF TABTABA (Nostoc Verrucosum) AS AN ADDITIVE IN MAKING COOKIES CHAPTER 3 METHODOLOGY This chapter presents a discussion of the research design that comprises the sampling design, population sample, ingredients, materials, procedure, data gathering instruments and statistical treatment of data. Research Design The single-group research design will be used in this study to determine the acceptability of Nostoc as an additive

Steps to Building an Emergency Fund in Amidst of Today's Economic Crisis

694 words - 3 pages necessities needed to sustain on a daily basis is becoming the new “norm” for families. But, if a plan was put in place, it could make situations like these a little better to deal with. This is the opportunity to set and build up an emergency or savings fund for circumstances like these. The key to financial security is not necessarily having a lot of money, but what is needed is a plan (Rye 15). The process of financial planning begins creating goals

"Education." An essay on the importance of becoming a High School Graduate - gives the paycheck of an average High School Drop-Out and Degrees in college beyond High School

533 words - 3 pages EducationHaving a good education, in the long run, can mean a lot. It makes the difference of whether or not you live in the streets or in a mansion.If the average high school dropout out makes a total of $609,000 in a lifetime, that means, if they work for 50 years, they only make $12,180 per year. That's making approximately $1015 per month. It will take a long time before they can own a decent 1 bedroom, 1 bathroom house with a kitchen

How Convincing Is the Design Argument as an Argument for the Existence of God?

1591 words - 7 pages manner, the argument compares the way the universe, with all its diverse and complex componants, works together to achieve its purpose in much the same way as a car engine for example. A car engine has many different parts, all functioning in harmony to make the car go, however, it is not by chance that the parts of the engine work together in a functioning manner, we know that the engine must have had an intelligent designer who created it with the

Related Papers

North Korea: An Argument To Jumpstart The Economic Engine

3021 words - 13 pages of refugees, starvation and death on a massive scale15, and in the end, the US and regional allies would have to pay a much higher price to rebuild the country for humanitarian reasons. With economic integration of North Korea, the bitter pill of reunification will go down more smoothly and involve less cost if the North’s economy were kick started with the global economic engine. Geoffrey York, “North Korea Seen as the Next Asian Tiger,” posted

Why Corruption Is Responsible For Slow Economic Growth

3774 words - 16 pages Why corruption is responsible for slow economic growth Corruption around the world is believed to be endemic and pervasive and a significant contributor to slow economic growth, to stifle investment, to inhibit the provision of public services and to increase inequality to such an extent that international organizations like the World Bank have identified corruption as ‘the single greatest obstacle to economic and social development’ (World

Encouraging Economic Growth In Hong Kong And Singapore

1423 words - 6 pages Encouraging Economic Growth in Hong Kong and Singapore American InterContinental University Abstract Variables that have motivated economic growth have been land, low personal and corporate taxes, and investments in infrastructure. The government owning all the land or even the majority of it is inefficient and can lead to economic problems. The ability to go into a large conglomeration, for example, the ASAN would be an enormous bonus

Mutual Fund Manager’s Role In An Investment Firm

1174 words - 5 pages forties. In addition, the latest debacle in investment news is Facebook’s IPO at $38 per share. However, in less than a week the stock lost 25 percent and now is roughly worth $28 per share. Opportunities Facebook currently makes their money through advertising. There is definitely an opportunity to expand as the business grows. If they start charging fees for subscription even at a dollar monthly rate, it would generate a whopping $1