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NACET Proud of Accomplishments

Since its inception in 2001, NACET has graduated 12 new businesses Since its inception in 2001, NACET has graduated 12 new businesses while ensuring the sustainability and growth of 28 clients that are currently in the incubation stage in northern Arizona. While these numbers reflect the strength of NACET’s network, as well as the thriving culture of entrepreneurship and innovation in our region, we realize the overall economic impact of NACET is not obvious to the community at large.

While ensuring the sustainability and growth of 28 clients that are currently in the incubation stage in northern Arizona. While these numbers reflect the strength of NACET’s network, as well as the thriving culture of entrepreneurship and innovation in our region, we realize the overall economic impact of NACET is not obvious to the community at large.

Research from the Arizona Rural Police Institute and the W. A. Franke College of Business at NAU reveals NACET’s overall economic impact on the region. Beginning this month, we’ll be shedding some light on how NACET continues to make a positive impact on our regional economy across the board.

Read on for some highlights from this study, and join the discussion on how we can work together to continue enhancing the economic well-being of northern Arizona while promoting and supporting our community’s culture of entrepreneurship and innovation.

Study Reveals NACET’s Economic Impact  
Here are some notable results from the Arizona Rural Policy Institute’s 2011 study on the economic impact of NACET across northern Arizona:

  • 88 employees of 10 graduated firms earning competitive wages up to $120,000 annually.
  • Client wages from 2011 ranged up to $225,000 annually with an average salary of $60,587.
  • NACET client firms collectively generated $17.3 million in direct economic activity.
  • Direct spending yielded an indirect impact of $4.2 million as firms that sell goods and services to new businesses increased their output to accommodate the increase in business.
  • Induced impact was $9.9 million as households increased purchases from local businesses as a result of increased employment and household income.
  • Direct effects accounted for 128 direct jobs, and direct spending included $7.7 million in labor income.
  • Direct, indirect and induced effects generated approximately $3.6 million in tax revenue.
 
   
   

 

Read Entire Report here.

 

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