Business Services& Information Technology
Arizona has emerged as a leader in the business services and information technology industries.
In fact, it was the first state to pass legislation that gives companies limited, temporary access to Arizona’s consumer market for the purpose of testing innovative fintech products and services without the traditional regulatory and cost burdens. Industry giants like American Express, Charles Schwab, PayPal, State Farm and Voya, along with an array of startup companies, are reaping the rewards of Arizona’s limited regulatory restrictions, low corporate income and property tax rates, and highly educated talent pool. Add to that Greater Phoenix’s access to fast and reliable internet as well as its low natural disaster risk and it’s easy to see why this area is a marquee destination for companies looking to minimize potential service outages and related downtime.
Investing in innovation
Workforce Talent
An estimated 41% of Arizona residents hold an associate degree or higher, ensuring a highly educated talent pool. For firms looking to hire and retain talent with blockchain, cybersecurity and data center expertise, Arizona stands out thanks to specialized schools and training programs, including the ASU Center for Cybersecurity and Digital Forensics (CDF); ASU’s School of Engineering, which is home to the Information Assurance Center; the University of Advancing Technology; and Arizona Laboratories for Security and Defense Research (AZLabs).
- State-created Arizona Cybersecurity Team (ACT)
- Research and Development refundable tax credit
- 11th lowest property tax per capita (Tax Foundation)
- 10th Best State for Business (Chief Executive magazine)
Business services/fintech highlights
237,800+Business Services/IT jobs
9,900+Business Services/FinTech companies
19Fortune 500 companies
SRP
- #1
Top 100 largest public power utilities by generation
- ONE
Of the largest raw water suppliers in Arizona
- 7.4 MILLION+ MWh
In sustainable portfolio
PHOENIX MSA
- UP TO $9,000 PER NEW JOB
Quality Jobs Tax Credit
- UP TO $20,000 PER QUALIFIED EMPLOYEE
Refundable Qualified Facility Tax Credit
- 4.9%
Corporate state income tax rate
- 5.1 MILLION
Population
An estimated 41% of Arizona residents hold an associate degree or higher, ensuring a highly educated talent pool.
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