ARIZONA ADVANTAGES

Across the world, Arizona is regarded as one of America’s best states for business due to its favorable economic conditions, strategic initiatives and diverse industries. Its highly skilled workforce and access to international markets make it an even more compelling choice for businesses.

The State of Arizona also boasts a robust infrastructure and a commitment to fostering innovation and technology growth.

Where Business Thrives: Arizona’s Competitive Standing

Arizona has long been a top state for business, and maintains its leading position as evidenced by its top rankings in CEO and prestigious business magazines, as presented below.

Mountain States Regional Project Rankings by Total Projects

Source: Site Selection Magazine, 2024 Governor’s Cups Rankings – Winning Streaks, March 2025.

Industrial Development

Source: Business Facilities, Arizona Attracts Record Investments, April 11, 2024.

FDI (Capital Investment)

Source: Business Facilities, 19th Annual Rankings Report, June 7, 2024.

Semiconductors

Source: Business Facilities, Doing Business in Arizona, July/August 2024.

Semiconductors

Source: Business Facilities, 19th Annual Rankings Report, June 4, 2024.

Rich States
Poor States

Source: ALEC-Laffer SECI, September 1, 2023.

10 Best States for Business Growth

Source: Forbes Magazine, August 28, 2023.

2024 Best and Worst States for Business

Source: Chief Executive, April 24, 2024.

Solar Power
(Installed MW)

Source: Business Facilities, 19th Annual Rankings Report, August 8, 2023.

Aerospace and
Defense

Source: Business Facilities, 19th Annual Rankings Report, August 8, 2023.

2024 Business Climate
Rankings

Source: Site Selection Magazine, November 2024.

Best States
to Start a Business

Source: WalletHub, Best & Worst States to Start a Business, January 20, 2025.

Housing Market
Growth

Source: Business Facilities, 19th Annual Rankings Report, August 8, 2023.

Outdoor
Recreation

Source: Business Facilities, 19th Annual Rankings Report, August 8, 2023.

America’s Top States
for Business

Source: CNBC,
July 11, 2023.

Top States for Doing
Business 2024

Source: Area Development Magazine, Q3 2024.

Visit the Business Climate page to learn more about how Arizona promotes economic and business prosperity.

LEARN MORE: BUSINESS CLIMATE