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Arizona Economic Forecast
    The Forecast Includes:
  • Arizona's Assets
  • Growth Indicators
  • Industry Leaders

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Start Up

  • Thriving Innovation
  • Low Cost of Doing Business
  • Skilled & Available Workforce
  • STREAMLINED REGULATION
  • ACCESS TO MAJOR WORLD MARKETS
  • SIMPLIFIED TAX SYSTEM
  • EXCEPTIONAL QUALITY OF LIFE

Thriving Innovation

Arizona's surging innovation ecosystem attracts global corporations and forward-thinking start ups. The state’s commitment to new ideas is supported by the $3 million Arizona Innovation Challenge.

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Info - 250 Startups

Low Cost of Doing Business

Ranking seventh lowest in average workers compensation costs, sixth lowest in property taxes, and second lowest in unemployment insurance tax.

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Info - 4.9% Income Tax

Skilled & Available Workforce

Poised and ready to meet your project needs, the state's workforce is abundant, talented and young. 

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Info - 2nd for workforce quality

STREAMLINED REGULATION

Arizona has created a minimalist regulatory environment by cutting red tape and by repealing overly burdensome regulations.

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Info - Expedited Permitting

ACCESS TO MAJOR WORLD MARKETS

Arizona is immediately accessible to three of the world's largest economies -- California (#9), Texas (#13) and Mexico (#14).

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Info - 800 tons of cargo

SIMPLIFIED TAX SYSTEM

Arizona has among the lowest corporate and individual income tax rates in the nation, lowering your cost of doing business.

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Info - #2 lowest unemployment ins tax

EXCEPTIONAL QUALITY OF LIFE

From an unsurpassed number of sunny days to snow skiing, Arizona’s quality of life is second to none.

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Info - 300 days of sun (gray)

Business Climate: Incentives

Job Training

Job Training

Job Training grants reimburse up to 75% of eligible training expenses for employers creating new jobs.

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Quality Jobs

Quality Jobs

The Quality Jobs tax credit offers up to $9,000 of Arizona income or premium tax credits spread over a three-year period for each net new quality job.

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Qualified Facility

Qualified Facility

The Qualified Facility program offers a refundable income tax credit equal eligible companies making a Capital Investment to establish or expand a Qualified Facilities.

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Computer Data Center Program

Computer Data Center Program

CDC provides Transaction Privilege Tax and Use Tax exemptions at the state, county and local levels, on qualifying purchases of CDC Equipment.

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Leading the way: Thriving ARIZONA INDUSTRIES

Arizona business: in action

Patrick Salyer CEO GIGYA -Why they chose Phoenix AZ

Innovation in Arizona

Sharing Success: The ACA Blog

Fostering business expansion in Arizona

Mar 13, 2014
T.J. Jennings, Vice President, Capital Strategies, Arizona Commerce Authority 

Arizona actively engages its entrepreneurs with strategic programs to assist in their expansion. The Arizona Innovation Accelerator Fund (AIAF) program is one example of this strategic support. The AIAF program provides debt financing to expanding Arizona businesses that need resources to capitalize on market opportunities.

Arizona Business: News

San Francisco-based Revel Systems Expands with New Scottsdale Office

• 01.21.2015

Revel Systems, the world’s leading iPad Point of Sale platform, today announced it has expanded operations into Arizona through a new Scottsdale office. The company will create 160 new jobs during the next three years to drive its global sales growth.

Zenefits Opens New Office in Scottsdale, Will Create 1,300 Jobs

• 11.12.2014

San Francisco-based Zenefits, the free, cloud-based human resources technology company that automates and eliminates time-consuming paperwork for small and medium-sized businesses, announced plans to create more than 1,300 new full-time jobs with the launch of its new office in Scottsdale, Ariz.

Silicon Valley Bank Continues Expansion in Arizona

• 07.30.2014

California-based Silicon Valley Bank today announced its continued expansion in Arizona, with the addition of 250 jobs at its Tempe corporate operations over the next three years. Additionally, the company has committed to lend or invest $100 million to tech and life science companies based in Arizona over the next five years.

Silicon Valley Bank Plans to hire 250 in Arizona, Makes $100M available to high-growth startups

AZCentral.com • 07.30.2014

The California bank expands in Arizona and plans to boost innovation in the state by making $100 million available to high-growth companies.

Weebly Opens North American Customer Operations Headquarters in Scottsdale, Arizona

• 06.4.2014

Weebly, a global service that lets everyone create a high-quality website, has signed a 25,000-square-foot office lease in Scottsdale, Ariz., for the company’s North American customer operations headquarters. Weebly plans to bring more than 250 new positions to the city over the next three years.

SF-based Weebly to bring 250 new jobs to its new Scottsdale office

AZ Tech Beat • 06.4.2014

Weebly, a global service that lets everyone create a high-quality website, has signed a 25,000-square-foot office lease in Scottsdale, Ariz., for the company’s North American customer operations headquarters.

California-based tech company Gigya opens Phoenix office

• 11.6.2013

The City North Project near Desert Ridge has had its share of ups and downs.  Plenty of office space, but this is definitely good news. Gigya will be moving in to the third floor and they'll start with 50 employees, but within a couple years, they will staff it up to 200.

Data company Gigya bringing 200 high-wage jobs to Phoenix

• 11.6.2013

Gigya, a California-based company that provides data and online services to other businesses, has opened Phoenix offices and expects to add up to 200 jobs here, officials said Tuesday.

California-Based Gigya Announces Arizona Expansion, Identifies State as Cornerstone for Corporate Growth

• 11.5.2013

With Governor Jan Brewer, the City of Phoenix and the Arizona Commerce Authority (ACA), Silicon Valley-based Gigya, the Connected Consumer Management Suite, announced today it has selected Arizona as the site of its corporate expansion after a multi-state competitive process. 

Silicon Valley Bank Expands to Arizona

• 01.3.2012

Silicon Valley Bank (SVB), financial partner to the innovation sector and the premium wine industry, is expanding its operations to Arizona, creating hundreds of well-paying, financial sector jobs in the state over the next few years. SVB will open a new IT and operations facility in Tempe in 2012 to support its continued growth.