The thousands of ASU undergraduates earning degrees in STEM-related fields each year has moved the university into the ranks of the leading U.S. institutions of higher education that are supplying the nation with the next generations of engineers and scientists. STEM fields are a primary focus of ASU’s New Economy Initiative, which will invest $10 million into various growth efforts, including growing the Fulton Schools faculty to accelerate research endeavors, graduating 5,000 students from engineering degree programs each year by 2025, emerging as a top 15 U.S. engineering education institution and making metro Phoenix one of the largest producers of technology and engineering talent in the country, among other equally ambitious goals.