Friday, January 22, 2016

Arizona Geological Survey's return on investment = 668%

Since 2011, the Arizona Geological Survey has successfully raised more than $35,800,000 in external research grants from federal, state, local, non-profit, and private sources.  Over that same period our total cumulative state appropriation was $5,364,100, for a Return on Investment of $6.68 of income for every $1 of state funds.   This compares favorably with top tier research centers across the country.

In addition, we have numerous funding proposals under review and have been told to expect new awards of at least $1.6 million this fiscal year.  That would increase our ROI number.

We compiled these numbers for inclusion in briefing materials we are preparing for the University of Arizona to help them understand and evaluate Governor Ducey's proposal to transfer the duties of the AZGS to the university.

These grant funds have been key to maintaining and even expanding state services despite significant state budget cuts during the Great Recession.

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