MOVING AT THE SPEED OF BUSINESS
Composed of four subsidiaries including business and support services, finance, insurance and data centers, Arizona business & financial services sector is rapidly growing. The state’s stable climate and reliable energy provide companies in these industries with the ideal operating environment. Continuing to pave the way for future technologies, Arizona has passed pro-innovation policies to set companies up for success.
INDUSTRY HIGHLIGHTS
#1
insurance industry
job growth rate from 2017 to 2021
Lightcast, 2023
TOP 3
finance and insurance industry concentration in 2021
Lightcast, 2023
TOP 4
in primary data center market inventory growth in H1 2022: Phoenix
CBRE, 2022
TOP 6
finance industry job growth rate from 2017 to 2021
Lightcast, 2023
TOP 8
business & financial services industry job growth rate from 2017 to 2021
Lightcast, 2023
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.
Mediterranean Shipping Company Announces New Office In Tempe
TEMPE, AZ (May 10, 2023) – MSC Mediterranean Shipping Company, a global leader in transportation and logistics, today announced plans to open its new MSC Tempe office, expanding the company’s network of locations across the United States. The new office is located in the NOVUS Innovation Corridor at Arizona State University, is expected to be operational by 2024 and create 170 new jobs.
LEARN MORE »Discount Tire Acquires 35 Acres In Phoenix For Future Headquarters Development
PHOENIX, AZ (December 27, 2022) — Discount Tire, a leading independent tire retailer, announced its intent to develop a new corporate headquarters in Phoenix, Arizona, following the acquisition of 35 acres located near Loop 101 and State Route 51. Plans for the new corporate campus, which will house over 1,100 employees, include a more than 300,000-square foot-office building and campus amenities. Development is expected to commence in phases, with construction of infrastructure improvements beginning within 12 months.
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