Powering
Arizona’s growth
as America’s next high-tech hub
through science & technology, education and partnerships
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NEI impact on Arizona
40k
New high wage
jobs by 2041
$6.9B
Economic output
by 2032
2x
Return on state
investment by 2032
100+
industry partners
Sustained prosperity for Arizona
The New Economy Initiative is putting Arizona at the forefront in high-tech sectors that create jobs and drive prosperity—including advanced manufacturing and materials, advanced communication technologies, cybersecurity, artificial intelligence, automation and robotics, digital media, virtual and augmented reality, big data and more.
Building on ASU's role as a catalyst for economic growth and resilience, the New Economy Initiative is driving accessible, high-quality education to create the workforce of the future and innovative research that helps to attract, grow and retain high-tech enterprises. Authorized by the legislature and governor, the initiative is a forward-thinking investment that mobilizes Arizona's public universities as trusted partners to industry to ensure a future of high employment and economic growth.
ASU's role in the New Economy Initiative leverages its knowledge, expertise and commitment to industry partners to drive Arizona's industrial leadership in the 21st century as America’s next top tech hub.
Science & Technology Centers
Powering industries of the future through research, development and innovation.
Read moreWorkforce Development
Producing skilled workers through top-tier education and training programs for in-demand careers.
Read moreEducation
Working with leading enterprises to connect education and innovation with market needs.
Read moreIndustry Partnerships
Partnering with New Economy companies to strengthen Arizona’s economic competitiveness.
Read moreASU'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 2024.
Learn moreFeatured partners
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Arizona is leading the revival of American semiconductor manufacturing
The New Economy Initiative is improving Arizona’s readiness to meet the needs of the microelectronics industry and America’s civic leaders by creating the business environment, infrastructure and human capital necessary to capitalize on emerging opportunities. In part due to ASU’s leadership in research and talent development, facilitated by support from New Economy Initiative, microelectronics enterprises are making huge moves in Arizona: Intel and Taiwan Semiconductor Manufacturing Corporation have invested a combined $60 billion in three new facilities in Arizona, and Apple announced plans to buy Arizona-made chips.
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