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Following an unprecedented streak of grounds mounting years, Arizona economical improvement efforts reached inactive greater heights successful Fiscal Year 2025 (FY25). In the 12-month fiscal play that ended connected June 30, 2025, the Arizona Commerce Authority (ACA) and section economical improvement agencies successfully worked with companies that committed to creating a projected 24,285 caller Arizona jobs with an mean wage of $95,928. Both correspond record-setting results for the state. The companies besides committed to investing much than $31 cardinal successful section communities.
In summation to high-quality economical expansions, FY25 saw important wins for workforce development, startup and tiny concern growth, proviso concatenation enhancements, agrarian economical development, and more.
The ACA’s Fiscal Year 2025 results correspond 121% of the ACA’s yearly projected jobs goal, 162% of its wages goal, and 791% of its projected superior concern goal.
“Across the state, we are delivering the family-sustaining jobs and economical maturation that marque the Arizona Promise possible,” said Governor Katie Hobbs. “From Prescott to Tempe, Arizona is strengthening its workforce, investing successful our people, and innovating for the future.”
“Arizona’s economical momentum has ne'er been greater, fueled by strategical initiatives that are supporting high-paying occupation maturation successful communities passim our state,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “With our unmatched concern climate, skilled workforce, apical acquisition institutions, and beardown manufacture clusters, Arizona continues to pull planetary leaders crossed high-tech industries, further supporting our section tiny businesses and suppliers.”
Expansions took spot crossed the authorities successful FY25 successful communities similar Apache Junction, Avondale, Benson, Bullhead City, Casa Grande, Chandler, Coolidge, Coconino County, Eloy, Flagstaff, Gilbert, Glendale, Goodyear, Kingman, Marana, Mesa, Peoria, Phoenix, Prescott, Prescott Valley, Scottsdale, Snowflake, Surprise, Tempe, Tucson, and Yuma.
“We are grateful to Governor Hobbs, Arizona’s legislative leaders, and each of our industry, academia, and section economical improvement partners for their continued collaboration and enactment arsenic we enactment to turn Arizona’s economy,” Sandra Watson continued.
The ACA’s yearly metrics correspond nonstop projected jobs and superior concern from companies.
Expansion projects successful FY 2025 include:
- Mayo Clinic announced a large $1.9 cardinal concern to importantly grow its Phoenix campus, which volition summation Mayo’s objective abstraction and make thousands of skilled wellness attraction jobs.
- Axon will importantly grow its office successful Arizona, creating thousands of jobs.
- Dutch Bros. will relocate its firm office from Oregon to Tempe, supporting hundreds of jobs.
- Pure Wafer, a starring semiconductor supplier, announced plans to grow its silicon wafer reclamation installation successful Prescott, supporting implicit 100 jobs.
- KoMiCo, a semiconductor supplier headquartered successful the Republic of Korea, volition found a $50 cardinal semiconductor instrumentality cleaning and coating installation successful Mesa, creating implicit 200 jobs.
- GTI Energy volition grow its manufacturing installation successful Goodyear, investing a full of $53 cardinal and creating 600 caller jobs.
- Eternity Technologies volition found its North American office and artillery manufacturing installation successful Phoenix, investing much than $20 cardinal and creating 50 caller jobs.
- Apex Power Conversion announced the constitution of its U.S. office and manufacturing installation successful Mesa, representing an implicit $60 cardinal concern and creating up to 700 caller jobs.
- Nucleus RadioPharma, a radiopharmaceutical shaper and developer, volition physique a caller theranostics manufacturing installation successful Mesa, creating 50 caller jobs.
- Cognite, an concern bundle company, relocated its planetary office to Tempe from Norway, creating astir 140 jobs.
- Komatsu broke crushed connected its caller 210,000-square-foot mining installation successful Mesa, representing an $80 cardinal concern and creating up to 100 caller jobs.
- Quantum Computing Inc. celebrated the expansive opening of its quantum photonic spot manufacturing installation successful Tempe, creating implicit 50 caller jobs.
- MiiHealth, an AI-powered wellness tech company, relocated its office to Phoenix from London, creating implicit 100 caller jobs.
- Magna, a Canadian automotive supplier, announced a caller 230,000-square-foot manufacturing installation successful Mesa, creating hundreds of caller jobs.
- Tricolor celebrated the expansive opening of its 258,000-square-foot automotive reconditioning installation successful Surprise, creating implicit 500 caller jobs.
- Blue Polymers broke crushed connected its recycled plastics accumulation installation successful Buckeye, creating implicit 60 caller jobs.
Since 2011, the ACA has successfully landed 1,360 companies that person committed to creating much than 312,000 prime jobs and investing much than $194 cardinal successful caller superior successful the state.
The station Arizona Economic Development connected Hot Streak successful 2025 appeared archetypal connected Greater Phoenix In Business Magazine.
