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 Finance Industry Concentration
Lightcast, 2025
Best Job Creation Rate: Arizona
SimplifyLLC, 2025
State for Highest Finacial and Insurance Industry Concentration
Lightcast, 2025
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 25, 2026) – To further strengthen the growing relationship between Arizona and Canada, dignitaries and leaders from both regions gathered to mark the opening of the new Canada Consulate office in Phoenix with a ribbon cutting ceremony and reception held on June 24, 2026. Governor Katie Hobbs joined Mark Wiseman, Ambassador of Canada to the United States; Sylvie Bédard, Consul General a.i. of Canada in Los Angeles; Ali Ehsassi, Member of Parliament and Parliamentary Secretary to the President of the King’s Privy Council and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs, Internal Trade and One Canadian Economy (Canada-U.S. Trade); Sandra Watson, President and CEO of the Arizona Commerce Authority, and local government, economic development, business and community leaders to celebrate the office opening.
READ MORE about Governor Hobbs Joins Canadian Leaders To Celebrate Opening Of Canada Consulate Office In Arizona »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 »