Original Article via Phoenix Business Journal
Arizona Board of Regents President Eileen Klein has big goals for Arizona’s three state universities — Arizona State University, Northern Arizona University and University of Arizona.
Here’s what she had to say about higher education in Arizona at a time when the universities are trying to generate alternate sources of revenue while the Arizona Legislature is looking at a bill that would limit those capabilities.
Is Gov. Doug Ducey’s budget proposal for education spending enough to help the state’s public universities serve the state’s growing population? Both K-12 and higher education are paramount to a thriving economy and competitive workforce, and I am pleased Gov. Ducey’s budget clearly prioritizes public education. Our state leaders play a critical role in helping to keep college education within the reach of all families. The board continues to advocate for state funding that prioritizes Arizona resident students, increases support and helps keep their debt levels low.
With 27 startup companies spinning out of the three state universities in 2016, is that enough? Spinouts are some of the most tangible ways we contribute to the economy, allowing business and the public to capitalize on university know-how. The recent $1 billion in research infrastructure funding is intended to help accelerate the development of new companies. Importantly, we are working with business leaders to streamline the process to commercialize technology. Each university now has a dedicated team to help businesses navigate the opportunities available for business licensure and encourage the entrepreneurial spirit within our faculty ranks.
With 178 licenses and options coming out of the three state universities in 2015-16, is that enough? Of course, we are always aiming to do more. Arizona is a young state, and we have set ambitious goals to help keep our state growing. We continue to invest in research, and with that a new generation of researchers. A strong business community is key, whether through entrepreneurial partnerships, commercialization networks, sponsored research or new venture capital formation, we need private sector champions to help move our discoveries to market. State and local government policies and programs that support business incubation and investment help us bring ideas to life and new ventures to scale
With $1.1 billion in total research expenditures at the three state universities in 2017, is that enough? Our research has a tremendous impact beyond dollars generated; it attracts talent and capital investment to our state. Research has the power to improve lives and make our state and the global community better places to live. The historic $1 billion bonding measure passed last year will enable the development of new research and education facilities that meet the needs of future generations.
How can Arizona businesses play a stronger role in creating a top-performing university system that stimulates a growing economy and high quality of life for Arizonans? We rely on the direct interaction we have with business leaders to help us know how we can make our students ready for the workforce. The vast majority of our graduates get jobs here in Arizona, and companies that choose to locate here cite the highly qualified graduates we offer. I am tremendously encouraged by the level of engagement from business leaders in helping shape the future of Arizona education.