Arizona Report Cited Potential Economic Gains
A new study indicates higher education could generate billions for the state economy.
Updated on Oct. 6, 2026 in Financial Aid
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The Helios Education Foundation released a report projecting an $11.1 billion economic gain for Arizona if 60% of 2026 high school graduates earn postsecondary credentials. This goal supports state efforts to increase the skilled workforce needed in health care and manufacturing.
Why it matters
Higher education attainment serves as a primary driver for state economic growth by helping local employers access a more qualified labor pool. Increasing the number of residents with degrees and certificates is seen as essential for meeting future workforce demands.
Arizonans with some college earn an average of $217,000 over a lifetime, while those with a bachelor's degree earn $1.1 million. Currently, about half of state adults aged 25 to 64 hold a professional credential or college degree.
The players
Helios Education Foundation
This is a philanthropic organization that focuses on improving postsecondary completion rates and creating educational opportunities.
Achieve60AZ
This is a statewide initiative established to increase the number of Arizona residents who hold a professional degree or certificate.
The details
The report highlights that health care and manufacturing sectors will require at least a 20% increase in their workforces. It suggests that state stakeholders must prioritize intentional systems and investments in student enrollment to support long-term economic growth.
Timeline
The Achieve60AZ initiative was created in 2016.
The report cohort centers on students graduating high school in 2026.
The state aims to reach 60% postsecondary attainment by 2030.
Roadmap
This analysis aligns with a broader push to modernize state workforce development through long-term educational targets. It reflects a national trend where states attempt to bridge the gap between higher education outputs and the immediate needs of industrial sectors like manufacturing.
The study suggests that aligning postsecondary training with manufacturing and health care needs could improve career trajectories for Arizona residents. Prospective students may find increased support for degree completion as the state works to meet these workforce targets.
The takeaway
Investment in higher education remains a key mechanism for increasing individual lifetime earnings and regional economic output. Residents can benefit by exploring degree or certificate programs that align with high-growth sectors identified in state economic reports.
Further reading
Learn more about local opportunities in Financial Aid.
Source note: This article includes information reported by KTAR.
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Do you believe increasing higher education attainment is the best way to improve your local economy?
