Business & Financial Services
MOVING AT THE SPEED OF BUSINESS
Composed of four categories including business and support services, finance, insurance and data centers, Arizona's business and financial services sector is among the top in the nation. The state’s stable climate, reliable energy and pro-innovation policies allow industry to thrive and pave the way for future technologies.
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INDUSTRY HIGHLIGHTS
Data Center Market:
Metro Phoenix
JLL North American Data Center Report, 2024
State for Highest Financial Industry Concentration
Lightcast, 2024
State for Inventory Growth in the Primary Data Center Market Since 2020
CBRE, 2024
INSIDE THE SANDBOX
Arizona was the first state in the nation to launch FinTech and PropTech Sandboxes. These influential platforms cut red tape and enable industry disruptors to drive innovation and collaborate.
TOP BUSINESS & FINANCE TALENT
Arizona’s business & financial services talent pool is growing. With top-ranked universities and resources designed for success, the state’s workforce is equipped to excel now and in the future.
Business & Financial Services News
PHOENIX, AZ (March 27, 2026) – Amid record international investment and trade, Arizona welcomed leaders from around the world for the 21st Annual International State of the State on March 26. Highlighting Arizona’s strong international partnerships and central role in the global economy, Governor Hobbs delivered a keynote address to over 300 attendees, including dignitaries from more than 40 countries. In recent months, Arizona has signed new multi-national agreements, expanded trade offices, and opened new doors for collaboration in research, workforce development, and innovation. Arizona has also emerged as the No. 1 state in the nation for foreign direct investment. To further Arizona’s international momentum, state leaders–led by the Phoenix Committee on Foreign Relations and the Arizona Commerce Authority–hosted an International State of the State Forum, showcasing Arizona’s premier investment environment, international partnerships, and global leadership.
READ MORE about Arizona’s Global Leadership Shines At International State of the State »PHOENIX, AZ (March 26, 2026) – Mack Real Estate Group (MREG) and McCourt Partners hosted a ceremonial groundbreaking to mark the start of construction at Halo Vista, a landmark 2,300-acre master-planned development in North Phoenix. Situated immediately adjacent to the Taiwan Semiconductor Manufacturing Company (TSMC) campus, Halo Vista is designed to be a premier global hub for science, innovation, and community. The $7 billion project, described as a "city within a city" and projected to be a major catalyst for regional growth, has an important role in one of the most significant economic drivers in Arizona’s history. The master plan for the site encompasses nearly 30 million square feet of mixed-use capacity, including industrial, manufacturing, office, retail, residential, and educational uses.
READ MORE about Mack Real Estate Group and McCourt Partners Celebrate Start of Construction at Halo Vista In Phoenix »