Word On The Street: Arizona's "Booming" Tech Sector

Governor's Office

August 10, 2018

PHOENIX — With over 10,991 new technology jobs added from 2015 to 2017, Arizona’s technology sector is booming. The sector supports more than 237,000 jobs and contributes an estimated $28.5 billion to the state’s economy.

Businesses, entrepreneurs and innovators continue to choose Arizona to set up shop or expand operations, making the state home to over 8,500 technology companies.

Read what others are saying about Arizona’s booming tech sector →

Phoenix Business Journal: Arizona Boasts “Growing Tech Workforce.”
“Arizona has more than 8,000 technology companies operating in the state, with a growing tech workforce of more than 168,200 jobs, a new Arizona Technology Council report found.
(Hayley Ringle, “Arizona Tech Industry Tops 8,000 Companies, 168K Jobs,” Phoenix Business Journal, 06/13/18) 

“Tech Community Has Seen A 1.38 Percent Employment Growth.”
“The tech community has seen a 1.38 percent employment growth, which ranks the state second in the Southwest and ahead of California, according to the report.” (Hayley Ringle, “Arizona Tech Industry Tops 8,000 Companies, 168K Jobs,” Phoenix Business Journal, 06/13/18)
 

Phoenix Business Journal: Phoenix “Punches Above Its Weight In The Tech Sector.”
“A new report highlights Phoenix as a city that punches above its weight in the tech sector with 46,400 internet jobs and 2,900 internet businesses.” (Hayley Ringle, “Report: Phoenix Punches Above Its Weight In Tech Sector With 46,400 Internet Jobs,” Phoenix Business Journal, 02/06/18)

Cronkite News: “IT Company Expands To Phoenix, Adds To Arizona’s Booming Tech Sector.”
Milestone CEO “Eng said the company based its expansion on several factors, including the location near the airport and access to skilled workers it can hire for competitive pay. He also said the state offers a ‘good quality of life so that our employees are happy.’” (Andrew Christiansen, “IT Company Expands To Phoenix, Adds To Arizona’s Booming Tech Sector,” Cronkite News, 06/27/18) 

Arizona Public Media: “UA Tech Park Adds $2B To Arizona Economy.”
“The University of Arizona Tech Parks Arizona seeks strong growth for Arizona's economy after recording a $2 billion impact on the state… Parks Associate Vice President Bruce Wright said it’s a reflection of the 52 companies at the tech parks that are engaged in research and development.” (Brandon Mejia, “UA Tech Park Adds $2B To Arizona Economy Last Year, Report Says,” Arizona Public Media, 06/22/18)

Arizona Republic: “Hiring In Technology Is Robust.” As Companies Expand​.
“[T]ech continues to expand its presence, with more hiring and additional companies setting up shop here… Put it all together and hiring in technology is robust, with vacancies that can be difficult for companies to fill, even while offering generous salaries and perks.” (Russ Wiles, “Tech Workers In High Demand In Metro Phoenix As Companies Expand,” Arizona Republic, 12/21/2017)

Tech Hiring “Should Remain Strong In 2018.”
“Tech hiring in the Phoenix metro area should remain strong in 2018, according to a Robert Half Technology survey of roughly 100 chief information officers in the Valley, with 22 percent of respondents planning to add full-time staff over the first half of 2018.” (Russ Wiles, “Tech Workers In High Demand In Metro Phoenix As Companies Expand,” Arizona Republic, 12/21/2017)
 

Arizona Quality Of Life “Important Factor” In Expansions.
“Acronis President John Zanni praised Arizona State University and the quality of its engineering graduates as a key reason why Scottsdale landed the office over Detroit, another top contestant. Zanni also cited local-government support, an increasing concentration of tech businesses in the Valley and the quality of life here as other important factors in its decision.” (Russ Wiles, “Tech Workers In High Demand In Metro Phoenix As Companies Expand,”Arizona Republic, 12/21/2017)

###