A look inside of a data center, part of Arizona's growing IT sector.
A look inside of a data center, part of Arizona's growing IT sector.

Business Services & Information Technology

Arizona has emerged as a leader in business and financial technology (FinTech) industries.

A state that’s pro-innovation

Industry giants like American Express, Charles Schwab, PayPal, and State Farm, 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.


Home to a growing pool of tech talent

Among Arizona’s more than 40 universities and higher learning institutions are education programs centered on enhancing and automating business and financial services. The Greater Phoenix area is distinguished for having an array of notable cybersecurity 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).


An estimated 33% of Arizona residents hold a bachelor's degree or higher*, ensuring an educated talent pool.


Source: United States Census BureauOpen new site.

Business Services and Financial Technology Industry Highlights

  • Arizona is one of the most cyber-prepared states in the country. The state is home to cybersecurity global leaders, university programs and government initiatives that fuel growth and innovation in the industry.

  • 227,500+

    Business/FinTech jobs

    Greater Phoenix is a location of choice for global leaders looking to scale operations in the western U.S.

    Arizona stands out thanks to specialized schools and training programs.

    40

    Universities and higher education institutions

  • The state is continuously recognized as the best place to test, launch and scale new ideas.

    19

    Fortune 500 companies

    13%

    Historical growth (2018-2023)

    Greater Phoenix has a strong network of entrepreneuers and a collaborative community.

Arizona is one of the most cyber-prepared states in the country. The state is home to cybersecurity global leaders, university programs and government initiatives that fuel growth and innovation in the industry.

227,500+

Business/FinTech jobs

Greater Phoenix is a location of choice for global leaders looking to scale operations in the western U.S.

Arizona stands out thanks to specialized schools and training programs.

40

Universities and higher education institutions

The state is continuously recognized as the best place to test, launch and scale new ideas.

19

Fortune 500 companies

13%

Historical growth (2018-2023)

Greater Phoenix has a strong network of entrepreneuers and a collaborative community.

 

Choose SRP Service Areas

#4

Top 100 largest public power utilities by generation

ONE

Of the largest raw water suppliers in Arizona

7.4 M+ MWh

Sustainable portfolio

Expand your business in Phoenix MSA

4.9%

Corporate state income tax rate

Up to $9,000

Qualified jobs tax credit per new job

5.1 Million

Population of Phoenix MSA

Up to $20,000

Refundable qualified facility tax credit per qualified employee

Get in touch with a member of our Strategic Economic Services department

Our team of advisors is ready to discuss economic development opportunities for your business in the Phoenix metropolitan area. Feel free to reach us via phone, email, or send is a message.

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