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Arizona’s Pro-Business Environment
In Arizona, we view the government as a strategic partner to industry, supporting and encouraging innovation, not standing in its way. Our state leaders are committed to maintaining streamlined regulations, cutting red tape, repealing overly burdensome regulations and lowering taxes.
#1
Most Competitive State Mountain Region
Site Selection Magazine Prosperity Cup, 2023
TOP 3
Economic Outlook
Rich States, Poor States Report American Legislative Exchange Council, 2024
TOP 5
Best State for Business
Chief Executive Magazine, 2023
Competitive Tax Structure
Income tax rates are among the lowest in the U.S. The state’s elected leaders and business community work together to establish a simplified tax structure encouraging investment in research and the development of new products and services.
2.5%
Flat Income Tax Lowest Flat-Tax in the U.S.
NO
Franchise Tax, Business Inventory Tax, Estate Tax, Worldwide Unitary Tax, Gross Receipts Tax
4.9%
Corporate Income Tax Rate Among Lowest in the U.S.
TOP TALENT
The state has a vast workforce with 3.5 million workers. Arizona’s booming population provides easy access to a robust talent pipeline. Decade after decade, the state has maintained significant population growth.
#1
For Talent Attraction & Retention
Maricopa County, 2018-2022
Lightcast Talent Attraction Scorecard, 2023
Top 3
For Job Growth, 2018-2022
Lightcast Talent Attraction Scorecard, 2023
Top 5
For Skilled Jobs Growth, 2018-2022
Lightcast Talent Attraction Scorecard, 2023
$101+ Billion Semiconductor Investments
Arizona leads the nation in semiconductor investments, with over $101 billion invested since 2020.
#1
in the Nation for
Semiconductor Investments
$101+ billion
invested
since 2020
Semiconductor Industry Association, 2024
RELIABLE OPERATIONS
The state's lack of natural disasters such as earthquakes, hurricanes, blizzards, and tornadoes, Arizona is an ideal location for businesses that require market, power and employee access to be available consistently throughout the year.
86+M
Access to
86+M Consumers
in a One-Day
Trucking Radius
Over 44%
Electricity Generated from
Clean & Renewable Energy Sources
U.S. Energy Information Administration, 2022
TOP 8
State for
Power Grid Reliability
U.S. Energy Information Administration, 2022
EXCEPTIONAL QUALITY OF LIFE
Arizona is the best place in the U.S. to live, work, and recreate. The state’s natural beauty is internationally recognized. In fact, it is home to one of the seven natural wonders of the world, the Grand Canyon. With options for resort-style living, endless adventures and high-impact careers, Arizona attracts the best and brightest. This perfect balance is what makes life better here.
#1
Most Affordable Large City
in the U.S: Phoenix
Business Facilities State Rankings, 2022
Top 10
Most Diverse
State
WalletHub, 2023
24
National Parks,
Monuments,
and Preserves
Across the State
300+
Sunny Days
Per Year