As we embark upon a new decade, it’s hard to miss the technological advances happening all around us. Arizona in 2020 is a state ripe with investment in cutting-edge technology, one where entrepreneurship is thriving and the breakthroughs of tomorrow are happening right in our own backyard.
Arizona’s autonomous vehicle sector is a prime example of how our state has positioned itself to be on the leading edge of the future. After all, it’s where The New York Times said “self-driving cars go to learn.”
While it’s easy to imagine a future zipping around the state in driverless cars, what hasn’t been simple is measuring the actual economic impact of this future for our state. But economist Jim Rounds crunched the numbers and recently released a report for the Arizona Chamber Foundation on the various models and assumptions for Arizona. One thing they all point to? By leading other states, Arizona is poised to reap a disproportionate share of the billions in economic growth and investment this new industry will bring.