ASU study reveals groundwater generates 43 percent of state GDP
According to a study conducted by the Seidman Research Institute, Arizona’s groundwater use was responsible for generating about $1.2 trillion into the economy from 2010 to 2018 in the state’s five most populous regions: Phoenix, Tucson, Prescott, Pinal County, and Santa Cruz County.
According to a study conducted by the Seidman Research Institute, Arizona’s groundwater use was responsible for generating about $1.2 trillion into the economy from 2010 to 2018 in the state’s five most populous regions: Phoenix, Tucson, Prescott, Pinal County, and Santa Cruz County.
In this story published Dec. 9, 2020, in Chamber Business News:
These findings show just how essential groundwater is to the state’s economy. As our state continues to grow and thrive, understanding the crucial importance of groundwater to the economy will be key in planning for the future.
– Timothy James, director of research and consulting at the L. William Seidman Research Institute and research professor in the Department of Economics
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