鶹Ƶ

New Economy Initiative

THE NEW ECONOMY

In FY23, the University of 鶹Ƶwill continue to leverage FY22 investments in the New Economy Initiative to advance these important initiatives.

This New Economy Initiative provides state funding to 鶹Ƶ’s public universities to develop a skilled and diverse workforce and to enhance economic opportunity. Our request leverages existing strengths in Health, Mining and Space & Defense to address critical workforce shortages and establish 鶹Ƶ as a leader in solving national and global challenges.


SPACE AND DEFENSE

FY22 funding will enhance capacity to train and educate students for the high demand/high paying careers in national security, space technology, and planetary defense.

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Asteroid illustration

WORKFORCE DEVELOPMENT

Expand undergraduate programs that directly support the aerospace and defense industry by 1,300 additional students.

U鶹Ƶ is 1 of 4 higher education institutions in the nation positioned to fill the research and diverse workforce needs for the defense industry, specifically related to hypersonics.

Federal funding for hypersonics related research is expected to grow by over $200M in the next year.

DoD, Raytheon, and other defense companies have expressed the need for more students graduating with degrees related to STEM and hypersonics systems.

INFRASTRUCTURE

Upgrades that allow U鶹Ƶ to maintain its competitive edge in hypersonics modeling and simulation needs for testing, research, and training.

DoD is planning to double its research in hypersonic capabilities from $6.2 billion to $11.2 billion by FY2024. Accessible hypersonics wind tunnels will help U鶹Ƶ compete for this research.

Companies like Raytheon currently spend millions of dollars per year traveling to the handful of commercially available hypersonic testing facilities in the U.S.

Ensuring students are workforce ready requires hands on training and exposure to next-gen infrastructure.

What is Hypersonics Flight?

The basis of manyleading-edge developments at the DoD, hypersonic vehicles that travel at many times the speed of sound is necessary for the U.S. to stay ahead of our peer and near-peer adversaries to create the next evolution of civilian aircraft and warfare.

OPERATIONS: SPACE

Establish the 鶹Ƶ Space Institute furthering U鶹Ƶ’s competitiveness for DoD and NASA missions, industry partnerships and other large contracts.

U鶹Ƶ is #1 in astronomy and astrophysics, #4 in NASA funding among public universities and growing rapidly in DoD funding.

NASA’s FY20 budget shows an increase from $927 million to $1.5 billion for “Space Technology”, DoD FY20 indicates $30M for “Space Technology Development.”

The cost to develop a competitive proposal for a large NASA or DoD contract has escalated dramatically over the last decade.

Proposal development for a major mission or contract can easily cost $1 million over two years, however the payoff is very large (major NASA mission - $500; major DoD contract - $50-$100M).

HEALTH SCIENCES

鶹Ƶ Health Sciences is a leader in next-generation education, biomedical research and public outreach. FY22 funding will enhance our ability to serve targeted state health needs, especially in rural and underserved areas of 鶹Ƶ.

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University student sitting in front of computer

WORKFORCE DEVELOPMENT

Provide an expanded pipeline of providers focused on primary, preventive and prenatal health to fill workforce shortages in the state.

Physician Assistant

There is a primary care physician shortage across 鶹Ƶ, and the launch of a Physician Assistant program will help address this need. U鶹Ƶ Health Sciences is uniquely positioned to leverage partnerships across our five colleges to create new dual-degree offerings that would train providers to address multiple health care needs.

Certified Nurse Midwife

The shortage of OB-GYNs in 鶹Ƶ is expected to increase over the coming years, along with growth in demand for midwives and corresponding positive salaries for these positions. A new midwifery degree program will help expand maternal and fetal health care access across the state.

Physical Therapy

There are currently no Doctor of Physical Therapy programs in Tucson. A new Doctor of Physical Therapy program will help serve state needs as well as provide additional educational opportunities to students interested in health science careers.

DISTINCTIVELY ARIZONA PROGRAMS

U鶹Ƶ Health Sciences will invest in programs that serve targeted state health needs. This includes a specific focus on diseases that have significant economic impact on the state, are unique to 鶹Ƶ or represent nationally recognized programs of distinction within Health Sciences.

Addiction Prevention

This initiative will work to expand the capabilities of the newly established U鶹Ƶ Health Sciences Comprehensive Pain and Addiction Center as the nucleus for treatment, research, trials, drug discovery, technology, education and legislation to predict, prevent and contain addiction crises.

Melanoma & Skin Cancer Database

鶹Ƶ demonstrates one of the highest incidence rates of melanoma and skin cancer in the world at significant economic impact to our health care systems. This initiative will build the only state registry and database of melanoma and non-melanoma skin cancer to better assess the full burden of melanoma.

Valley Fever Collaborative

This initiative will partially support a collaborative effort between 鶹Ƶ’s three state universities that will focus on the development of precision medicine approaches, drug development and environmental risk abatement to reduce the financial cost and human burden of Valley fever.

ECONOMIC DEVELOPMENT INITIATIVES

Aegis Consortium

The Aegis Consortium based at the University of 鶹Ƶ Health Sciences will use the knowledge gained from COVID-19 to predict and prepare for future pandemics. The concept and reach of the Consortium will require university-wide collaborations, as well as partnerships with universities, foundations, nonprofits, governments and industries throughout the world.

Center for Advanced Molecular Immunotherapies (CAMI)

The Center for Advanced Molecular Immunotherapies will form alliances and enhance relationships with other academic, professional and industry organizations to accelerate progress in the late-stage development and commercialization of personalized cell and gene-based therapies in cancer, autoimmune disease, infectious disease and immune monitoring.

Center for Regenerative and Restorative Medicine (CRRM)

The mission of the Center for Regenerative and Restorative Medicine is to catalyze research into a community that is focused on development of cell-based technologies that diagnose disease or heal injured tissue. The objectives rely on research to build living, cell-based therapies or products that enable function through biochemical and physical means that improve human health.

INNOVATIVE HEALTH CARE TECHNOLOGY

Several initiatives aim to advance the capabilities of U鶹Ƶ Health Sciences’ health care technology resources. The investments will support key infrastructure and resources that push forward the targeted growth areas of remote health monitoring, advanced sensor technology and supporting state health needs via telehealth in rural and underserved areas.

MINING

鶹Ƶis a world leader in mineral resources and mining engineering. FY22 funding will establish 鶹Ƶ’s only School of Mining. This school will foster innovative research and create interdisciplinary degree programs across engineering, science, law, and business.

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University student in front of images

The demand for copper is expected to rise 275 – 350% by 2050 due to the electrification of energy.

Modernization of the mining workforce is more important than ever as the industry renews its commitment to sustainability and safety. Innovation is key as mining engineers face mineral deposits that are increasingly difficult to extract.

ARIZONA’S RETURN ON INVESTMENT

Rounds Consulting Group, Inc. conducted an independent economic and fiscal impact analysis of the U鶹Ƶ’s FY22 NEI request. The analysis demonstrated that 鶹Ƶ would experience a significant return on investment.

“Over the 20-year analysis period, an estimated $3.9B in state and local tax revenues will be generated from the $640.0M investment ($32.0M a year).”

U鶹Ƶ’s investment proposal will support23,487 jobs by year 10and57,334 jobs by year 20.

Over 20 years, approximately$32.6B in labor income(i.e., the wages and benefits) will be created for the jobs that are supported by U鶹Ƶ’s proposal.

A total of$94.6B in economic output(i.e., the value of goods or services produced in an area) will be generated by U鶹Ƶ’s proposal over the 20-year period.

U鶹Ƶ’s $32.0M investment proposal will generate a total of$3.9B in tax revenues(i.e., $2.0B in state tax revenues and $1.9B in local tax revenues) over the 20-year investment timeframe.

Thebreakeven point for the state’s investment in U鶹Ƶ is achieved by year9. In year 10, a positive ROI occurs and increases each year thereafter. The breakeven point occurs in less than half of the amount of time than would be considered acceptable for this type of investment (20-years).

Source: Rounds Consulting Group, Inc.


New Economy Initiative Stories from U鶹Ƶ

New Economy Initiative in the news

Stories

AZ Central

January 22, 2022

BizTucson

October 1, 2021 (see)

BizTucson

October 1, 2021 (see)

Phoenix Business Journal

September 20, 2021 (see )

BizTucson

September 17, 2021 (see)

Mining Connection

September16, 2021

鶹Ƶ Daily Star

August28, 2021

Phoenix Business Journal

April 26, 2021 (see)

AZ Big Media

April 15, 2021

Chamber Business News

April 12, 2021

KVOI

April 2. 2021

Greater Phoenix Chamber

February18, 2021

AZ Big Media

February 9, 2021

鶹Ƶ PBS Horizon

February 8, 2021

鶹Ƶ Governor's Office

February 6, 2021

KJZZ

February 4, 2021

AZ Big Media

January26, 2021

Cronkite News

March 12, 2020

Pinal Central

January 17, 2020

KTAR

September6, 2019

Op-eds

Phoenix Business Journal

April 23, 2021 (see)

Sierra Vista Herald Review

April 14, 2021 (see)

鶹Ƶ Daily Sun

April 6, 2021

Yuma Sun

March 28, 2021 (see)

鶹Ƶ Capitol Times

February5, 2021 (see)

Video

Gov. Ducey

February6, 2021