Arizona Commerce Authority

Doing business in ArizonaArizona has become the international epicenter for advanced manufacturing in recent years. Arizona has attracted significant investments in semiconductors, electric vehicles, batteries, aerospace and defense and more. Fueled by our universities and community colleges, a skilled and growing workforce, a low-cost business climate and proximity to global markets, our manufacturing ecosystem is second to none.

— Sandra Watson, President and CEO,
Arizona Commerce Authority
Doing business in Arizona
A hiker at sunset in Arizona (Photo: Arizona Commerce Authority)


Semiconductors: Arizona’s rapidly expanding semiconductor ecosystem leads the nation. Strategic higher education partnerships are ensuring a ready talent supply and driving innovation across equipment and materials, design, manufacturing, and advanced packaging.

Electric Vehicles: Arizona supports EV innovators and supply chain operators, with leaders like Lucid, Nikola, Nxu, and more expanding world-class operations in the state.

Batteries: Battery technology is one of many emerging industries flourishing in Arizona. Battery manufacturers include American Battery Factory, Sion Power, and EVelution Energy, and battery recyclers Li-Cycle and Ecobat.


$40 billion
LG Energy Solution
Queen Creek
$5.5 billion
American Battery Factory
$1.2 billion
Procter & Gamble
$500 million
Applied Materials
$200 million


Arizona Commerce Authority
The Arizona Commerce Authority (ACA) is a public-private partnership that leads statewide economic development. The unique structure of the ACA brings together leaders from private industry, academia and all three branches of state government.

City of Tucson

The Office of Economic Initiatives coordinates the city’s economic development programs for the purpose of attracting jobs and investment to the City of Tucson. The Office of Economic Initiatives also offers local small business and entrepreneurial assistance and encourages regional workforce development efforts to foster a sustainable and diverse local economy.

Maricopa Economic Development AllianceThe Maricopa Economic Development Alliance (MEDA) is the City of Maricopa’s closest economic development partner. As a 20-year-old city in the Phoenix metro region and one of the fastest growing in the entire nation: opportunity, growth, prosperity, education, diversity, government support, work force, speed to market, plentiful land and a critical “designation of assured water supply”, are just a few of the characteristics that have helped explode this modern-day American Dream.  Intrigued about our storybook growth and want to build a lasting community legacy with your business?


Population (July 2022 est.): 7,359,197¹
Largest Cities (2020): Phoenix (1,611,345); Tucson (541,859); Mesa (505,860); Chandler (277,556); Gilbert (269,206)¹
Real GDP (2022): $356.4 billion²

¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce


Future48 Workforce Accelerators: Arizona announced a $30 million investment to establish workforce accelerators. In June 2023, Arizona announced the first two accelerators in Kingman and Yuma, and the third in Maricopa County in November 2023. The training programs will be overseen by the Arizona Commerce Authority in coordination with higher education and industry partners.


#1 Semiconductors
2024 State Rankings
Top 10 Aerospace/Defense
2024 State Rankings
Top 10 Best Business Climate
2024 State Rankings
Top 10 Customized Workforce Training
2024 State Rankings
Top 10 Solar Power (Growth)
2024 State Rankings
#1 Manufacturing Hubs (Large): Phoenix/Mesa/Chandler
2024 Metro Rankings
Top 5 Fastest Growing Counties (population growth): Maricopa County
2024 Metro Rankings
Top 10 Fastest Growing Counties (net migration): Pinal County
2024 Metro Rankings
Top 10 Sustainable Cities: Tucson
2024 Metro Rankings
Top 10 Remote Work: Tucson
2024 Metro Rankings

From the July / August 2024 issue of Business Facilities



Phoenix, Austin, Memphis Are Top Manufacturing, Logistics Metros

Foreign Direct Investment was drawn to Texas, Michigan leads Automotive, and Georgia moves to top of EV ranking in State section of Business Facilities 20th Annual Rankings Report.

Washington, Tennessee, Massachusetts, California,
Arizona Are #1 In Key Industries

Business Facilities' annual state rankings highlight leading states for industry sectors including aerospace/defense, food processing, life sciences, medical devices, and semiconductors.
CarbonCapture Arizona

CarbonCapture Picks Mesa For World’s First DAC Manufacturing Facility

CarbonCapture will build its first direct air capture (DAC) manufacturing facility in Mesa, Arizona, creating up to 400 new jobs by 2029.
2024 Business Facilities Economic Development Organization Awards

2024 Business Facilities Economic Development Organization Awards

Business Facilities' 2024 EDO Awards recognize efforts and initiatives that make a difference in communities across North America.

Ajax Metal Forming Solutions To Expand Operations In Tucson, AZ

The metal manufacturer expects to make an economic impact of $22 million.
Kohler Arizona

Kohler Unveils New Arizona Manufacturing Facility

New Kohler manufacturing facility will employ more than 400 workers in Casa Grande. Plus, Arizona strengthens ties with South Korea.
2024 Economic Development Organization Awards

Business Facilities Announces 2024 EDO Awards

The publication for site selection professionals recognizes 24 Economic Development Organizations (EDOs) for their innovative programs that are making an impact.

Arizona Set To Have Two Major Facilities In Greater Phoenix Area

XNRGY Climate Systems will construct a new manufacturing facility and headquarters in Mesa, while Fortescue is set to build hydrogen production plant in Buckeye.

Arizona Attracts ‘Record Investments,’ ‘Major’ Economic Wins

Arizona saw nearly 100 companies commit projects to the state in 2023, In addition to its interest in growing its semiconductor industry footprint.
Manufacturing Industry

Digital Adaption Key To Manufacturing Industry

Embracing new technologies will be an important avenue as growth is projected to continue in the manufacturing industry.