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The changing US and global economic environment is shifting the competitive landscape so that Arizona's driving industries of the past may not be sufficient to maintain its economic well-being going forward.� (www.economy.com. Arizona's Economic Future, August 2002).
While Arizona economy has recently experienced new job development at a remarkable pace, both its current structure and also its reliance on service sector employment have failed to keep per capita income equal to the national average and to significantly improve poverty rates. Although the Arizona economy has broadened over the past decade beyond the "5 Cs" - (cotton, cattle, citrus, copper, and climate)- to include electronics, back office administrative services and high technology cluster (optics, information technology, aerospace, environmental technology, advanced materials, and life sciences), the state economy still remains narrowly focused. Arizona ranks last among states considered as competitors for either attracting or developing technology based industries.
If Southern Arizona is to prosper it must develop in-situ (from within), diversify and make greater use of, its resident strengths. These unique resources include the multi-lingual and multicultural populations, the set of world-class business skills and experiences that exist in the form of newly retired executives, local entrepreneurs, and the reputation of the University of Arizona's dynamic base of technology, students, faculty, and alumni.
Company Business Structure
Taking these opportunities and resources into consideration, Innovative Technologies Development Center (ITDC) was established as a non-profit 501(c)(3) corporation in order to develop public, private, and education partnerships. The University of Arizona, The Thunderbird School of Global Management, Arizona State University,TREO, the Arizona Commerce Authority,the US Department of Agriculture, the Navajo Nation, local entrepreneurs, and private companies are current partners who collaborate with ITDC to synthesize resident skills which will sustain Arizona's economic well-being.
The purpose of ITDC is to develop local competitive advantage in Southern Arizona by identifying high value products and services in the Arid Land Livability domain, evaluating their commercial viability with interns, experts, and retired executives, and developing them for economic sustainability � both locally and globally. The company's role is fulfilled through its MODEL whose components include education, training, and sustainable economic development assistance.
ITDC MODEL is accomplished through community education, vocational training and business development training. It consists of:
1. A Community Education Program to cultivate, develop, and support the idea that Southern Arizona is replete with our own high-powered knowledge to build our base from within. Our competitive advantage lies in the multi-disciplined approach combining our expertise with water, agriculture, biosciences, solar, plant sciences, engineering, and material sciences to develop high value sustainability systems and tools. They can be applied locally and globally.
2. A Learning Laboratory Internship Program in which selected individuals (students, teachers, entrepreneurs, experts, and retired executives) work "Hands On" with sustainable economic development veterans to transform projects into viable community economic gain; and,
3. Economic Development Training Program in which ITDC works with selected projects to bolster their economic development profile. This includes, but is not limited to, identifying industries with economic, social, and environmental profit, formulating strategy, creating and executing a business plan, and sourcing the project financing.
As a result, ITDC has hopefully created an economic model that establishes quality jobs, stems the brain drain, attracts capital and companies, and stimulates the start up of new companies.
Board Of Directors
Job & Business Creation
|At critical mass, Southern Arizona has created an economic model that establishes quality jobs.|
|ITDC - 520.299.4551