The workforce at Arizona State University could expand by thousands in the next six years.
According to Phoenix Business Journal ASU’s president Michael Crow wants to use these new jobs to help support university research.
Crow plans to increase university research expenditures to $700 million within the next six or seven years, up from an existing $386 million. The majority of that funding comes from federal research grants, but Crow wants to look at growing other funding opportunities, including business partnerships both in Arizona and beyond.
Currently there are 20,000 people involved in ASU’s research activity, to receive the $700 million in funding Crow will need more than 40,000 people on staff.