Ascensus, the nation’s largest independent retirement and college savings services provider, recently announced plans to open a new office location in Tucson by mid-2017 located in the UA Tech Park at Rita Road, owned and operated by the University of Arizona.

“We are thrilled to welcome Ascensus and its associates to the UA Tech Park,” Bruce Wright, associate vice president and chief executive officer of Tech Parks Arizona, said in a prepared statement. “We look forward to our future growth together and value the role Ascensus provides to University of Arizona students through its 529 college savings programs. We would like to thank our partners who assisted in the recruitment efforts, including Arizona Commerce Authority, Sun Corridor, Inc., Pima County and the city of Tucson.”

Ascensus has experienced significant growth across all business lines, creating the need to augment both its facilities and workforce. After a national search Tucson was selected due to its strong labor force as well as attractive facilities. Additionally, the new location allows for enhanced client service coverage in the Pacific Time Zones where the company has many existing client relationships. 

The UA Tech Park is a dynamic community in which innovators and business leaders meet and where emerging companies and technology giants work side by side. The park is located in a suburban setting on Tucson’s rapidly growing southeast side. Its spacious campus encompasses 1,345 acres and 2 million square feet of developed space. The park is home to more than 40 companies with nearly 6,500 employees and is one of region’s major employment centers. Tech Park tenants contribute $1.75 billion to the local economy annually. 

The new Ascensus office space can accommodate about 170 associates, with an option to expand into additional space within the Tech Park as additional associates are needed. The positions for which Ascensus will be hiring include service center representatives, actuaries, account managers and software developers. Ascensus’ expansion into the park will have a projected economic impact of over $200 million for Tucson and the surrounding communities.