>> Announcer: THIS HOUR OF LOCAL NEWS IS MADE POSSIBLE BY CONTRIBUTIONS FROM THE FRIENDS OF PBS AND MEDICALS OF YOUR PBS STATION.

THANK YOU.

>> Ted: GOOD E VENING AND WELCOME TO "ARIZONA HORIZON."

I'M TED SIMONS.

TRIAL BEGAN TODAY INVOLVING FORMER GUBERNATORIAL KARI LAKE ASKING THE COURTS TO REVIEW PLOT ENVELOPES AND SIGNATURES OF 1.3 MARICOPA COUNTY VOTERS.

SHE CLAIMS SHE LOST HER RACE DUE TO INPROPER HANDLING OF BALLOTS.

THIS FOCUSES ON WHETHER OR NOT MAIL-IN BALLOTS ARE UNDER THE STATE PUBLIC RECORD'S LAW AND THUS CAN BE EXAMINED BY LAKE AND HER ATTORNEYS.

THE COUNTY CONTENDS THE BALLOTS AND SIGNATURES ARE NOT PUBLIC RECORDS AND THE JUDGE REJECTED TWO ELECTION DENIERS THAT LAKE'S ATTORNEYS PRESENTED AS WITNESSES SAYING NEITHER WERE QUALIFIED WITH ONE QUOTE, NOT EVEN IN THE BALLPARK.

DAY TOO TWO IS MONDAY.

>>> RIGHT WING REPUBLICANS AND CONGRESS BLOCKED A BILL, ANOTHER EXAMPLE OF FIGHTING WITHIN THE REPUBLICAN PARTY.

SOMETHING DEMOCRATS ARE CONCERNED WILL LEAD TO A GOVERNMENT SHUTDOWN.

>> WHAT WE NEED IS THE EXTREME EXTREMEMAGA REPUBLICANS TO GET THEIR ACT TOGETHER IN THE CIVIL WAR ON THE REPUBLICAN SIDE OF THE AISLE, THAT'S PARALYZING CONGRESS.

GET YOUR ACT TOGETHER SO WE CAN HANDLE THE BUSINESS OF THE AMERICAN PEOPLE AND SOLVE PROBLEMS ON THEIR BEHALF.

>> Ted: OVER IN THE SENATE, ALABAMA REPUBLICAN TOMMY TUBERVILLE CONTINUES TO BLOCK HUNDREDS OF PENTAGON PROMOTIONS.

THE SENATE WORKED AROUND TUBERVILLE BY CONFIRMING COMMON DOWN TO THE MARINE CORE.

MARKMARK KELLY IS NOT AMUSED.

>> WHAT SENATOR TUBERVILLE IS UNCONSCIONABLE.

I TALKED TO THE SOLDIERS ABOUT THISAND THIS IS HAVING AN EFFECT IN POLAND WITH THE U.S. MILITARY.

ANYTHING THAT AFFECTS THE U.S. MILITARY IN POLAND WITH THE FIGHT IN UKRAINE, IT AFFECTS THAT, AS WELL.

>> Ted: TUBERVILLE IS BLOCKING PROMOTIONS DUE TO THE DEFENSE ACCESS POLICIES.

>>> AND ECONOMIC NOTE, WEEKLY JOBLESS CLAIMS DROPPED TO AN EIGHT-MONTH LOW AND THE NUMBERS FROM THE U.S. LABOR DEPARTMENT SHOWING UNEMPLOYMENT ROLLS BEFORE PRE-PANDEMIC LEVELS AND THE PERSISTENT TIGHTENING SUGGESTS THAT THE ECONOMY NOT SHOWING ANY SIGNS OF SLOWING DOWN WHICH, IN TURN, SUGGESTS THAT INFLATION WILL LIKELY SHOW A LITTLE SIGN OF EASING.

NOW >>> SPRING TRAINING BASEBALL IS BIG BUSINESS IN ARIZONA.

IT SHOWS JUST HOW MUCH IMPACT THE CACTUS LEAGUE HAS ON THE STATE'S ECONOMY AND WE HAVE ANTHONY EVANS AT ASU'S WP CARY SCHOOL OF BUSINESS.

THIS IS AN IMPACT REPORT FROM LAST SPRING.

>> IT COVERS THE FEBRUARY TO MARCH PERIOD AND WHAT WE SAW WAS A GDP IMPACT OF $418 MILLION.

THAT IS A CONSERVATIVE ASPECT BECAUSE IT'S ON THE INFUSION OF NEW DOLLARS INTO THE LOCAL ECONOMY AND IGNORE ANY LOCALS THAT ATTEND THE GAME.

>> Ted: HOW DO YOU PULL THAT OFF?

>> THERE'S A SURVEY OF 3,400 "PEOPLE"3,004,000PEOPLE AND WE EXCLUDE THE D-BACKS AND THE OPERATION OF EXTENSIONS TO THE TEN BALLPARKS.

>> Ted: YOU INTERVIEW OUT OF STATE PEOPLE AT THE BALLPARK TO WALK UP AND START TALK.

>> WETALKING?

>> WE HAVE A TEAM OF STUDENTS AND 32 GAMES AT TEN BALLPARKS.

>> Ted: WOW!

THERE'S THREE GAMES, FOUR NIGHTS, SOMETHING?

>> THREE GAMES, FOUR NIGHTS AND SPEND $421 A DAY.

>> Ted: WHAT DO THEY SPEND THAT ON?

>> AROUND 40% IS ACCOMMODATION AND ANOTHER 20% ON RESTAURANTS AND THE REST ON A WIDE RANGE, RETAIL, OTHER ENTERTAINMENT ATTRACTIONS WITHIN THE STATE.

>> Ted: WITHIN THE STATE OR VALLEY?

>> BOTH.

>> Ted: TALK TO US HOW MANY PEOPLE LEAVE THE VALLEY ONCE THEY'RE HERE?

>> TWENTY% COME FROM OUT OF STATE AND OF THAT NUMBER, ONE IN FIVE ACTUALLY GO TO OTHER PARTS OF THE STATE TO ENJOY THINGS THAT ARE GOING ON THERE.

>> Ted: THE GRAND CANYON, I WOULD IMAGINE?

>> THE GRAND CANYON, SEDONA, TUCSON AND THEY BASICALLY TRAVEL THROUGHOUT THE VALLEY.

>> Ted: AND SPEND THAT MONEY.

>> AND SPEND.

>> Ted: THE ATTENDANCE FOR THIS SPRING, LITTLE BETTER THAN LAST YEAR, WHICH WAS BETTER?

THE PANDEMIC, IS ANY EFFECT ON THE PANDEMIC THIS SPRING?

>> THIS IS DIFFICULT.

THIS IS THE THIRD TIME TO STUDY.

THERE'S ONE IN 2018 AND ONE WE STARTED IN 2020 AND GOT CURTAILED AND NOW THE 2023 ONE.

SO MY COMPASSION NOT 2018 NUMBERS.

THE AVERAGE ATTENDANCE PER GAME IS 5% TO 6% DOWN ON WHAT IT WAS IN 2018, TO PRE-PANDEMIC LEVELS AND THE NUMBER OF GAMES THIS TIME AROUND WAS 216 COMPARED TO 231 BACK IN 2018.

THOSE NUMBERS ARE DOWN AND THE ACTUAL CHANGE IN STATE GDP IS 4% DOWN ON 2018 AND SO I THINK THERE'S STILL A LITTLE LEGACY ELEMENT, PERHAPS, OF THE PANDEMIC.

I THINK NOT THE QUITE SAME LEVEL THEY WOULD HAVE BEEN BACK IN 2018-2019.

BUT THEY'RE ON THE WAY BACK UP.

>> Ted: WHAT ABOUT INFLATION?

COMPARING TO 2018 AND 2020 IS OFF THE BOOKS.

2018 WANT WAS INFLATION A FACTOR?

>> THE NUMBERS I'VE GIVEN YOU, WE'VE TAKEN INTO ACCOUNT AND A 4% DROP, 4.4%, I GUESS, IN GDP AND 5% DROP IN THE STATE AND LOCAL TAX REVENUES.

>> Ted: INTERESTING.

I WANT TO TALK ABOUT JOBS CREATED AND WHAT ARE WE LOOKING AT?

>> AROUND 5,000 JOBS WILL BE CREATED AND GENERATING AROUND $272 MILLION.

>> Ted: DO WE KNOW WHAT KIND OF JOBS?

>> A WIDE RANGE OF DIFFERENT THINGS.

WHEN WE COME HERE, THERE'S A LOT OF RETAIL AND A LOT OF BARS, RESTAURANTS, ACCOMMODATION AND CAR RENTAL.

IT'S THROUGHOUT THIS JET-DROP ASPECT.

>> Ted: ARE THEY TEMPORARY JOBS?

>> ONLY FOR THE NEXT 12 MONTHS.

WE DON'T LOOK THEREAFTER.

>> Ted: AS FAR AS ECONOMIC MATERIALSTERMS, HOW MUCH IS SPENT IN CERTAIN PLACES THAT WOULD NOT HAVE BEEN SPENT WITHOUT THE CACTUS?

IN OTHER WORDS, PEOPLE WITH MONEY, OBVIOUSLY, YOU ARE LOOKING AT OUT OF STATE PEOPLE AND HOW MANY WOULD COME HERE ANYWAY AND SPEND MONEY HERE ANYWAY WITHOUT THE CACTUS LEAGUE?

>> THE CACTUS LEAGUE TAKES PLACE HERE EVERY YEAR AROUND THE SAME TIME.

IT'S AN ANNUAL EVENT AND VALLEY-WIDE.

YOU HAVE BALLPARKS LIKE GLENDALE, PEORIA AND IN THE EAST LIKE MESA.

IT'S THE ONLY EVENT THAT TAKES PLACE ON AN ANNUAL BASIS AND REALLY AFFECTS THE ENTIRE VALLEY.

SO I THINK IT'S DIFFICULT TO MAKE THAT PREDICTION.

WE HAVE A SUPER BOWL AND WE CAN COMPARE THE PREVIOUS YEAR IN THE SAME TIME FRAME AND WE CAN'T DO THAT WITH CACTUS LEAGUE AS IT HAPPENS EVERYWHERE.

AND THE $400 MILLION IS AN ANNUAL IMPACT.

>> Ted: YOU'VE TALKED ABOUT THAT MONEY INTO THE STATE ECONOMY AND WHAT DOES IT MEAN FOR LOCAL TAXES AND WHAT DOES IT MEAN FOR STATE TAXES?

>> WE ESTIMATE AROUND $36 MILLION WERE GENERATED IN STATES AND LOCAL TAXES AND 28 MILLIONS OF THAT WAS FOR THE STATE AND AROUND 8 MILLION FOR THE LOCAL TAXES.

>> Ted: AGAIN, WE'RE TALKING NEW DOLLARS HERE, CORRECT?

>> WE EXCLUDE ANY ARIZONANS THAT ATTEND THE GAMES BECAUSE THEY COULD SPEND THAT MONEY ON SOMETHING ELSE.

WE EXCLUDE THE EXPENDITURES OF THE D-BACKS BECAUSE THEY'RE PRESENT.

THESE ARE INFUSION OF NEW DOLLARS.

ANY IMPACTS FROM THE MEDIA ITSELF.

IF YOU THINK OF THE MEDIA THAT MUST COME DOWN HERE FOR THAT FOUR-WEEK PERIOD, THAT WOULD BE IMPORTANT.

>> Ted: THOSE GUYS EAT AND DRINK A LOT.

AS FAR AS WHAT TO TAKE IF TOTAL FROM THIS REPORT, WHAT DO WE TAKE AND WHAT DID YOU TAKE?

WERE YOU SURPRISED BY ANYTHING?

>> I WAS PLEASED TO SEE THE NUMBERS RETURNING TO THE PRE-PANDEMIC LEVEL.

THERE'S BEEN A QUESTION, WHEN WILL PEOPLE GO OUT THERE AND START SPENDING MONEY AGAIN, SOCIALIZING AND ENJOYING THEMSELVES.

IT'S CLEAR FROM THIS THAT IT HAS STARTED.

>> Ted: THAT'S WHAT WE TAKE FROM THAT.

THIS DIAMONDBACK SITUATION, THE TEAM IS VERY SPILL SUCCESSFUL RIGHT.

IS THERE A THOUGHT OF LOOKING AT HOW MUCH -- HAVING THE DIAMONDBACKS IN THE VALLEY IMPACTS THE LOW ECONOMY FOR SPRING TRAINING ONLY?

>> WE COULD DO THAT.

WE'VE LOOKED AT THE IMPACT OF THE DIAMONDBACKS IN THE ENTIRE CITY FOR SPRING TRAINING AND POST SEASON AND THOSE REPORTS EXIST.

THEY'RE PARTICULARLY IMPORTANT FOR THE DOWNTOWN COMMUNITY.

>> Ted: MONEY IS SPENT AND NEXT SPRING IF THE TEAM IS PLAYING LIKE IT IS.

ANTHONY EVANS, ALWAYS A PLEASURE.

>> THANK YOU.

>> Ted: UP NEXT ON OR ARIZONA, RESEARCH INTO THE NUMBER OF FARMWORKERS IN THE STATE AND HOW TO BEST ADDRESS THEIR NEEDS.

>> Ted: A NEW STUDY FUNDED BY THE ARIZONA DEPARTMENT OF HEALTH SERVICES WILL CHARGE THE UNIVERSITY OF ARIZONA'S COLLEGE OF PUBLIC HEALTH TO FIND OUT HOW MANY FARMWORKERSLY IN THE STATE AND BEST MEET THE NEEDS OF THIS VULNERABLE COMMUNITY.

JOINING US NOW, KATE ELLINGSON AND PRISCILLA.

KATE, IS THIS FARMWORKERS AND FAMILIES AND WHAT'S GOING ON HERE?

>> A SIMPLE NOTION TO COUNT PEOPLE, BUT IT'S A LITTLE BIT MORE DIFFICULT WITH THIS POPULATION AND ONE OF THE REASONS IS THAT FARMWASHINGERS ARE SEASONAL IN NATURE AND MANY MIGRANTS WHO WORK ON THE FARMS.

WHAT WE TO, WE USE A CENSUS OF AGRICULTURE DATA TO LOOK AT THE NUMBER OF ACRES THAT NEED TO BE FARMED AND THEN WE BACK INTO THE ESTIMATE BY LOOKING AT CROP BUDGETS AND THEN BY, ALSO, INTERVIEWING ANYONE WHO IS AN EXPERT IN THIS AREA.

>> Ted: I WAS GOING TO SAY, THINGS HAVE TO CHANGE BECAUSE THE SEASONS CHANGE.

I MEAN, THAT SOUNDS PRETTY DIFFICULT.

>> EXACTLY.

I THINK DURING THE PANDEMIC, WE SAW THE IMPORTANCE OF UNDERSTANDING WHO IS HERE AND WHEN THEY'RE HERE.

IN ARIZONA, WE GROW 90% OF THE LETTUCE DURING FALL AND WINTER MONTHS AND RESPIRATORY VIRUS SEASON AND WE NEED TO UNDERSTAND THE RESOURCES NECESSARY TO KEEP THIS WORKING.

>> Ted: THAT HELPS ANSWER MY NEXT QUESTION.

WHY IS THIS AN IMPORTANT SURVEY TO CONDUCT?

>> FARMWORKERS, ARE FRIENDS AND NEIGHBORS AND IN THE FOOD SUPPLY CHAIN, THEY'RE CRITICAL TO GETTING THE FOOD ON AN EVERY DAY BASIS.

WHEN WE THINK ABOUT BREAKFAST, EGGS AND LUNCH, ANYTHING THAT WE CAN CONSIDER ANY KIND OF PRODUCE HAS TOUCHED THE HANDS OF FARMWORKERS AND THAT OFTEN SUFFERS HEALTH DISPARITIES AND I IMPORTANT THAT WE PROVIDE THEM THE RESOURCES TO GET THEM TO THE SAME LEVEL OF HELP AS EVERYBODY ELSE.

>> Ted: TALK ABOUT THE RESOURCES NEEDED.

>> FARMWORKERS GENERALLY PREFER FROM DIFFERENT KINDS OF HEALTH DISPARITIES AND ONE WOULD ASSUME THEY HAVE MORE ACCESS TO CERTAIN FOODS AND, ACTUALLY, THEY HAVE MORE LIMITED RESOURCES SO THEY HAVE HIGHER RATES OF DIABETES AND THEY HAVE EXPOSURE RATES OF PESTICIDES.

WE WANT TO TALK ABOUT THE HEAT-RELATED ILLNESSES THAT FARMWORKERS FACE AND TO SERVE THE BETTER NEEDS OF THEM.

>> Ted: HOW DO YOU DO THAT IN THIS RESEARCH?

THAT'S DIGGING DEEP THERE.

>> THE FIRST PART OF THE STUDY IS TO UNDERSTAND THE FARMWORKERS IN EACH OF THE ARIZONA COUNTIES AND THAT -- WE HAVE TO START WITH THE MOST FOUNDATIONAL NUMBER WHICH IS A DENOMINATOR AND THEN FROM THERE, WE WANT TO UNDERSTAND WHERE THEY ARE AND THE WORK THEY'RE DOING AND THEN WE HOPE THE NUMBERS WILL ALLOW ALL OF OUR POLICY MAKERS AND PEOPLE WHO WORK IN THE INDUSTRY TO FIGURE OUT HOW TO SERVE THOSE NEEDS.

>> Ted: YOU MENTIONED STATEWIDE, OBVIOUSLY THAT MAKES THE MOST SENSE AND WHERE ELSE IN THE STATE?

>> WE HAVE FARMWORKERS ALL OVER THE STATE AND WE HAVE COTTON.

WE'RE EVEN IN THIS ENUME ENUMERATION AND ANIMAL HUSBANDRY AND WE KNOW THERE HAVE BEEN REAL CHANGES IN ARIZONA AG.

>> Ted: 2008, THE LAST TIME, WHY SO LONG AND WHAT TOOK SO LONG?

>> FUNDING.

[ Laughter ] >> Ted: AND THE STATE SAYS, WE'LL GIVE YOU FUNDING AND LET'S LIFT THIS UP.

>> AS WE MENTIONED YEAR, THIS MONEY CAME THROUGH THE ARIZONA DEPARTMENT OF HEALTH SERVICES, BUT IT WAS COVID-19 DISPARITIES FUNDING FROM THE CENTER FROM DISEASE CONTROL AND PREVENTION AND IT'S LONG OVERDUE.

THIS MONEY WAS AN OPPORTUNITY FOR US TO DO IT BECAUSE THE NEEDS WERE SO GREAT DURING COVID AND CLEAR THAT OUR NUMBERS WERE OLD.

>> Ted: CAN YOU SPEAK TO THE COLLABORATION INVOLVED BETWEEN ACADEMIA AND INDUSTRY?

>> SO THIS PROJECT IS COLLABORATIVE EFFORT WHERE WE HAVE MORE SEASONED RESEARCHERS LIKE DR. ELLINGTON AND DR. ALICE LARSON WHO CREATED THE METHODOLOGY FOR THIS AND WE HAVE NEWER FOLKS LIKE MYSELF AND WE'RE WORKING ALSO WITH GOVERNMENT SO THE YUMA COUNTY PUBLIC SERVICE IS INVOLVED AND ALSO SOME OF THE NONPROFIT ORGANIZATIONS.

AND SO IT'S A COLLABORATIVE EFFORT TO GET MANY RESOURCES AVAILABLE.

>> Ted: WHAT WERE THE RESPONSE FOR STAKEHOLDERS?

WAS IT TOUGH TO GET THEM INVOLVED OR GUNG-HO?

>> MANY HAVE BEEN ASKING FOR THESE UPDATES FOR A LONG TIME AND PEOPLE ARE EXCITED FOR THE FINAL RESULT.

SO JUST AGAIN, THIS IS A VERY BASIC AND WE'RE LOOKING AT THE NUMBER OF FARMWORKERS AND HOPING THIS IS A NUMBER SOURCE DATA AND ANYBODY AND EVERYBODY WHO HAS ANY USE FOR THE PROJECT WILL USE IT TO SERVE THEIR ORGANIZATION NEEDS.

>> Ted: WE TOUCHED ON THIS EARLIER, BUT HOW DO YOU WANT TO SEE THESE NUMBERS AND RESEARCH USED AND ESPECIALLY IN TERMS OF ASSISTANCE AND RESOURCES AND THESE SORTS OF THINGS?

>> WE ACTUALLY WANT MANY, MANY PEOPLE ACROSS THE SPECTRUM TO BE USING THESE NUMBERS SO INDIVIDUALS WITH OUR AG EXTENSION, OUR PLANNING PROGRAMS THAT NOT ONLY SUPPORT FARMWORKERS, BUT ALSO SUPPORT THE AGRICULTURE INDUSTRY AND SO YOU WOULD LIKE THESE NUMBERS USED BY INDUSTRY, BY ADVOCACY ORGANIZATIONS, BY PUBLIC HEALTH SERVICES.

SO ACROSS THE BOARD.

>> Ted: WHAT RESULTS WOULD YOU LIKE TO SEE?

>> SAME, AS WELL.

I WOULD LIKE FOR PEOPLE TO USE THIS INFORMATION TO INFORM THEIR SERVICES AND TO INFORM AND EXPAND THE SERVICES THAT OUR PROVIDED FOR FARMWORKERS.

>> Ted: IS THERE A WEBSITE TO LEARN MORE?

>> THIS IS THE ARIZONA FARMWORKER ENUMERATION STUDY, AZSEPS AND ARIZONA.EDU.

>> AZSEPS S@ARIZONA.EDU.

>> THANK YOU.

TED ARIZONA IS GETTING A LOT OF NATIONAL ATTENTION FOR THE STATE'S GROWTH RANGING FROM EV'S AND IT TO SEMIMANUFACTURING.

WE ASKED A QUESTION TO HITENDRA CHATURVEDI AND I'M CALLING THIS IS THE SILICON DESERT AND YOU'RE CALLING THIS SOMETHING ELSE.

>> THE SILICON DESERT, WHY?

WE JUST TALKED ABOUT FARMING.

WE CALL IT SILICON VALLEY 2.0.

NOT BECAUSE WE'RE COPYING SILICON VALLEY BUT MAKING IT.

THERE'S NOTHING SILICON OVER THERE AND 115 SEMI CONDUCTOR MANUFACTURING COMPANIES HERE AND THIS WAS THE TRUE SILICON VALLEY.

>> Ted: BUT IN TERMS OF HIGH TECH IN GENERAL MANUFACTURING OVERALL, IS IT REALISTIC FOR US TO REACH THAT LEVEL?

>> ABSOLUTELY.

I THINK THE FIRST SEISMIC SHIFT WAS IN THE 1990'S WITH THE INTERNET BOOM AND THAT IS WHAT CAUSED THE SILICON VALLEY TO EMERGE.

WE HAVE A SECOND SEISMIC SHIFT THAT IS HAPPENING NOW WITH ARTIFICIAL INTELLIGENCE AND WHEN TWO PLATES COLLIDE, NEW MOUNTAINS GET CREATED.

>> Ted: HOW DOES ARTIFICIAL INTELLIGENCE IMPACT WHAT WE DO HERE AS COMPARED TO OTHER AREAS?

>> IF YOU COMBINE MANUFACTURING AND SCOTT WARE AND ARTIFICIAL INTELLIGENCE, YOU HAVE MORE ON THE ROADS AND MORE AUTONOMOUS TRUCKS ON THE ARIZONA ROADS THESE DAYS AND ARTIFICIAL INTELLIGENCE ALONE IS NOTHING.

ARTIFICIAL INTELLIGENCE ONCE MARRIED WITH MANUFACTURING, THIS WHICH IS A UNIQUE ADVANTAGE OF ARIZONA.

IF YOU'RE SITTING, WE BRING IN OVER 600,000 SMALL BUSINESSES AND THE MANUFACTURING ECONOMY AND SUPPLY CHAIN.

COMBINE THAT WITH ARTIFICIAL INTELLIGENCE AND YOU'RE TALKING ABOUT ROBOTS THAT RUN USING A.I.

AND EV USING A.I.

SO THAT'S THE COOL PART.

>> Ted: WE HAVE EV'S, TELECOMMUNICATIONS AND SUNNY SEMICONDUCTOR MANUFACTURING AND GOING GREAT GUNS AND ARE OTHER HUBS GOING?

I MEAN, ARE WE KEEPING PACE OR ARE WE SETTING A PACE?

>> WE ARE SETTING THE PACE AT THIS MOMENT.

IF YOU LOOK AT THE NUMBERS, WE ARE GROWING FASTER THAN AUSTIN AND THE NORTH CAROLINA RESEARCH TRIANGLE AND 30% GROWTH IN INVESTMENT GROWTH VERSUS AUSTIN THAT COPIED SILICON VALLEY.

>> Ted: HOW IS AUSTIN FAILING?

>> TWENTY-FIVE% VERSUS 38%.

>> Ted: WE'RE CATCHING UP TO AUSTIN IN MANY RESPECTS.

>> IF YOU COMPARE THE INVESTMENTS IN HARD WATER AND HARDWARE AND HIGH TECH, WE'RE SECOND TO NUMBER AND WE'RE NUMBER SEVEN IN THE COUNTRY IN TERMS OF START-UPS AND INVESTMENT FUNDS COMING IN.

>> Ted: WHY IS ALL OF THIS IT, HEY-TECH MANUFACTURING, WHY IS IT COMING COMING HERE?

ESPECIALLY WITH A NATIONAL NARRATIVE WE'RE RUNNING OUT OF WATER.

>> SEE, THAT'S THE REASON -- SO THIS IS A PERFECT STORM BREWING IN A WAY.

SO YOU'RE TALKING ABOUT A NETWORK, ECOSYSTEM OF THE UNIVERSITIES AND YOU LOOK AT ASU PRODUCING MORE ENGINEERS THAN ANYWHERE ELSE IN THE COUNTRY AND YOU HAVE A NETWORK OF COMMUNITY COLLEGES.

YOU HAVE COMPANIES LIKE TSMC INTEL AND THAT IS HARD TO BEAT.

>> Ted: WHAT ARE WE SEEING AS FAR AS INVESTORS?

IS THAT KEEPING PACE?

>> THAT'S A GOOD QUESTION.

I THINK ONE OF THE BIG THING WE NEED TO DO AS A STATE IS WE NEED TO HAVE OUR INVESTORS CHANGE THE MINDSET.

WE'RE SORRY TO SAY THAT, BUT OUR TRADITIONAL INVESTOR MINDSET IS THAT OF A REAL ESTATE INVESTOR.

E AREWE ARE LOOKING FOR INVESTORS AND HAVING INVESTORS COME IN THINKING ABOUT TODAY, AND NOT 20% RETURN AND CHANGING THE DOWNTOWNDYNAMICS OF NOT ONLY ARIZONA BUT THE WORLD.

TED >> Ted: GIVE ME A BETTER EXAMPLE AND WHY THAT IS DIFFERENT THAN WHAT YOU'RE TALKING ABOUT HERE.

>> A REAL ESTATE -- A LOT OF INVESTORS IN THE VALLEY HERE CAME OUT FOR REAL ESTATES THAT WENT UP IN VALUE AND WE MADE A LOT OF MONEY AND SO THE MINDSET OF SILICON VALLEY INVESTOR IS THROWING A FEW HAIL MARY'S AND TALKING ABOUT BILLIONS AND BILLIONS OF DOLLARS IN TERMS OF RETURNS THAT ARE HUNDRED X, 200X.

>> Ted: HOW DO YOU GET THAT BIG BETTING ACTION GOING?

>> SO WE HAVE TO BRING IN SOME OFF THAT MINDSET HERE SO IT POLLUTES OUR MINDSET A BIT.

[ Laughter ] >> SO WE NEED SOME OF THAT MINDSET COMING HERE.

>> Ted: TWO-PART QUESTION AND NOT MUCH TIME LEFT HERE AND LET'S KEEP IT AS LIMITED AS WE CAN.

WHAT HAS PHOENIX AND THE VALLEY DONE RIGHT ALONG THESE LINES AND WHAT NEEDS TO IMPROVE?

>> WHAT WE HAVE DONE RIGHT IS EDUCATION AND MANUFACTURING AND HIGH TECH.

WHAT WE NEED TO DO RIGHT IS AFFORDABLE HOUSING AND INVESTOR MINDSET AND A LOT MORE.

PR AND MARKETING.

>> Ted: THOSE CHALLENGES, ARE YOU SEEING THOSE ADDRESSED OR NOT QUITE TO YOUR SATISFACTION?

>> PARTIALLY.

I TELL MY STUDENTS IF YOU WANT TO BE A CEO, START ACTING LIKE ONE.

>> Ted: INTO IN TEN YEARS, DO WE HAVE TINDER COMING ON AND SAYING, I TOLD YOU SO OR A BUMP IN THE ROAD?

>> MANY OF SLIPS BETWEEN THE CUP AND THE LEFT.

SO WE ARE ON THE RIGHT PATH AND JURY IS STILL OUT.

>> Ted: HITENDRA CHATURVEDI, ALWAYS A PLEASURE SPEAKING WITH YOU AND GREAT INFORMATION.

>> THANK YOU.

>> Ted: THAT'S IT FOR NOW.

THANK YOU SO MUCH FOR JOINING US AND YOU HAVE A GREAT EVENING!