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 (June 17, 2026) – Following another year of major economic development wins highlighted by historic investments, significant expansions and rapid economic growth, Arizona received a prestigious “Gold Shovel” award from Area Development Magazine in the 5-8 million state population category, marking the sixth year in a row that Arizona has received a gold shovel. The Shovel Awards recognize states that “garnered large job-creating and investment projects through innovative policies, infrastructure improvements, and other processes that attracted new employers as well as investments in expanded facilities.” In addition, Area Development named Amkor’s $7 billion advanced packaging and testing expansion project in Peoria and Axon’s Scottsdale headquarters expansion as “Projects of the Year.”
READ MORE about Arizona Wins Sixth Straight Gold Shovel Award Recognizing Economic Development Excellence »PHOENIX, AZ (June 12, 2026) – With rapid momentum across Arizona’s dynamic aerospace and defense ecosystem, Airbus, a global aerospace and defense leader, and the Arizona Commerce Authority (ACA), hosted Airbus Supplier Day on June 12, 2026. Governor Katie Hobbs joined Robin Hayes, Chairman and CEO of Airbus in North America; Sharon Green, CEO of Unical; Sandra Watson, President and CEO of the Arizona Commerce Authority; Representative Greg Stanton; Representative David Schweikert; Phoenix Mayor Kate Gallego and over 60 A&D suppliers for Airbus Supplier Day, showcasing the strength and depth of the state’s aerospace and defense supply chain. Since 2020, Arizona has attracted more than 62 aerospace and defense industry expansions, representing over $3.3 billion in investment and more than 18,400 new jobs.
READ MORE about Airbus and ACA Host Supplier Day Showcasing Arizona’s Aerospace and Defense Leadership »