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.
AND MANY MORE
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
TEMPE, AZ (December 3, 2025) – Cognite, the global leader in Industrial AI, today announced the official grand opening of its new global headquarters in Tempe, Arizona. The relocation from Oslo, Norway, marks a milestone in the company's growth strategy and underscores its commitment to the North American market. The move will create more than 100 new jobs in the Phoenix area, bringing valuable employment opportunities across AI innovation, software engineering, marketing, sales and corporate functions. With its proximity to universities and tech ecosystem, the strategic location will help the company attract even more of the best talent from AI, cloud, data and industrial engineering. Several senior leaders at Cognite relocated from Norway and to Arizona to lead operations from the new facility, ensuring continuity of the company's vision and expertise.
READ MORE about Cognite Relocates Global Headquarters To Arizona And Celebrates Grand Opening In Tempe »PHOENIX, AZ (December 3, 2025) – Today, Governor Katie Hobbs announced a critical milestone in Arizona’s plan to invest $967 million to expand broadband infrastructure across the state. Arizona received final approval from the National Telecommunications and Information Administration (NTIA), paving the way for the project’s implementation. Arizona's Broadband Equity, Access & Deployment Program (BEAD) Program is the state's largest-ever broadband investment, furthering Governor Hobbs’ goal of ensuring reliable, high-speed internet connection for all Arizonans by 2030 through her ConnectAllAZ initiative. Arizona’s BEAD plan leverages significant private investment and represents a mix of technologies that reflect Arizona’s uniquely varied geography.
READ MORE about Governor Hobbs Announces Advancement of Historic Broadband Expansion »