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 consistently ranked as a top state for business, and maintains its leading position as evidenced by its top rankings in CEO and prestigious business magazines. In 2026, Area Development Magazine named Arizona a top state with 5 to 8 million population in attracting high-impact economic development projects. More of Arizona’s success story can be found below.

Source: Area Development, 21st Annual Shovel Awards, Q2 2026.

The State of Arizona has long been regarded as a top state for talent and the latest workforce development rankings from Site Selection place Arizona in the #10 position among all U.S. states and #2 within the Mountain Region. This ranking examines the state’s workforce process, technical skills, productivity and return on investment for employees and employers.

Source: Site Selection, 2026 Workforce Development Rankings, January 2026.

Most Innovative
University

Source: U.S. News & World Report, Best Colleges, September 23, 2025.

Mountain States Rankings
by Total Projects

Source: Site Selection, 2026 Prosperity Cup, May 4, 2026.

Industrial
Development

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

FDI (Semiconductors, 2017-2024)

Source: fDi Intelligence, U.S. Report 2025, Retrieved November 2025.

Semiconductors,
Advanced Manufacturing

Source: Business Facilities, 22nd Annual Rankings Report, August 6, 2026.

U.S. Economic
Performance Rank

Source: ALEC-Laffer,
Rich States, Poor States,
June 8, 2026.

Solar Power
(Installed MW)

Source: Choose Energy, Solar Energy Production by State, July 1, 2026.

Real Estate
Development

Source: CNBC, Stable Housing Markets, July 17, 2025.

U.S. Economic
Outlook Rank

Source: ALEC-Laffer,
Rich States, Poor States,
June 8, 2026.

Aerospace:
Space Industry Hubs

Source: Business Facilities, 22nd Annual Rankings Report, August 6, 2026.

Talent Attraction
Scorecard

Source: Lightcast, Talent Attraction Scorecard 2025, September 15, 2025.

Business Climate
Rankings

Source: Site Selection, 2025 Business Climate Rankings, November 2025.

Semiconductors /
Batteries / Aerospace

Source: Business Facilities, Doing Business in Arizona, July/August 2025.

Best Business
Climate in America

Source: Business Facilities, 2026 Annual Rankings Report, June 25, 2026.

Best and Worst States
for Business

Source: Chief Executive, 2026 Best and Worst States for Business, April 17, 2026.

Best States
to Start a Business

Source: Site Selection,
How Entrepreneurs Work,
March 2026.

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

LEARN MORE: BUSINESS CLIMATE