Governor Ducey Announces New Investments In Higher Ed.

News Release

January 13, 2020

New Economy Initiative To Help Prepare Students For Jobs Of Tomorrow

PHOENIX — Governor Doug Ducey today announced new investments in Arizona’s public universities to better train and prepare students for the jobs of tomorrow. Known as the “New Economy Initiative,” the new funding will be targeted to boost post-secondary attainment and increase the number of graduates in critical high-demand industries such as engineering and healthcare. Each university has established a focus area to deliver graduates who are prepared for the jobs of tomorrow. 

Arizona State University plans to design and launch the largest center for engineering education and research in the United States. The University of Arizona will focus on personalized medicine and cutting edge healthcare delivery models. Northern Arizona University will have an emphasis on preparing students for the healthcare industry, with a focus on mental and behavioral health.

During today’s State of the State Address, Governor Ducey said: 

ASU, UofA and NAU have also stepped up to fuel our economy, and we’re about to pour on the gas. Regents Chair, Dr. Larry Penley, has proposed what he calls “The New Economy Initiative.” It’s an innovative approach that enhances our capacity to graduate more students for the critical jobs of today and tomorrow. 

It’s just the latest effort by our universities to solve problems, and do it The Arizona Way.

Full detail about the Governor’s Executive Budget will be released later this week. 

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