Catalyzing a
future of sustained
prosperity for Arizona

through science & technology, education and partnerships

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NEI impact on Arizona


New high wage
jobs by 2041


Economic output
by 2032


Return on state
investment by 2032


industry partners

Sustained prosperity for Arizona

The New Economy Initiative aims to improve Arizona's competitiveness in emerging high-tech sectors that offer unprecedented opportunity to create jobs and drive prosperity for Arizona's families —including advanced manufacturing and materials, advanced communication technologies, cybersecurity, artificial intelligence, automation and robotics, digital media, virtual and augmented reality, big data and more.

The New Economy Initiative builds on ASU's role as a catalyst for economic growth and resilience and two decades of enabling accessible, high-quality education and innovative research that meets the needs of the market and society. Authorized by the legislature and governor, this effort is a forward-thinking investment leveraging Arizona's public universities to ensure a future of high employment and economic growth.

ASU's New Economy Initiative leverages its knowledge and expertise in three core areas to enable Arizona's industrial leadership in the 21st century.


Science & Technology Centers

Powering industries of the future through research, development and innovation.

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Workforce Development

Producing skilled workers through top-tier education and training programs for in-demand careers.

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Working with leading enterprises to connect education and innovation with market needs.

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ASU's contributions to the New Economy Initiative are supported by ongoing investment from the state, numerous industry partners and over 40 local chambers of commerce and economic development organizations. Learn more about ASU's budget request to the Arizona legislature for FY 2023.

Learn more about ASU's budget request to the Arizona legislature for FY 2023.

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Featured partners

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Arizona is poised to lead the rebirth of American semiconductor manufacturing

For years, ASU has partnered with business and civic leaders in Greater Phoenix to develop the business environment, infrastructure and human capital necessary to drive rapid expansion in semiconductor manufacturing. Semiconductor sales are projected to nearly double, reaching over $800 billion by 2028 – and with the New Economy Initiative, Arizona stands ready to capitalize on this opportunity.

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