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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 Bureau
Business Services and Financial Technology Industry Highlights
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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.
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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
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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.
The Accredited Economic Development Organization (AEDO) Program recognizes the professional excellence of economic development organizations (EDOS) through the International Economic Development Council. The AEDO Program provides EDOs with independent feedback on their operations, structure and procedures. SRP is one of only three utilities to have earned AEDO status.