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 5, 2026) – Amid increased international investment and to further strengthen economic and trade ties between Arizona and Japan, the Arizona Commerce Authority (ACA), Greater Phoenix Economic Council (GPEC), and Arizona State University (ASU) signed a Memorandum of Understanding (MOU) with the Japan External Trade Organization (JETRO), during a signing ceremony yesterday on March 4, 2026 in Phoenix, Arizona. Attendees included a visiting delegation of more than 50 Japanese government, business, academia, and community leaders, as well as Arizona leaders. The MOU aims to accelerate collaboration between Arizona and Japan in key industrial sectors such as semiconductors, R&D, and workforce development.
READ MORE about ACA, GPEC, and ASU Sign MOU With JETRO To Strengthen International and Semiconductor Collaboration »PHOENIX, AZ (February 24, 2026) – Arizona’s strong international ties fueled record-breaking trade and investment in 2025, creating thousands of new jobs and driving more than $1 billion in foreign direct investment. Exports by Arizona companies surged from $32.4 to $44.4 billion – a 37% increase and the second fastest growth in the nation. By comparison, U.S. exports grew by 5.7%. Key trade highlights include: Taiwan surpassed Canada and China to become Arizona’s second-largest trading partner (behind Mexico), with more than $21.2 billion in total trade and Arizona leads the nation in international investment, with more than $195.7 billion announced since 2020.
READ MORE about Arizona Emerges as a Global Economic Powerhouse »