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 FDI (Capital Investment)
2023 State Rankings
#2 Semiconductors
2023 State Rankings
Top 5 Aerospace/Defense
2023 State Rankings
Top 15 Outdoor Recreation
2023 State Rankings
#1 Fastest Growing Counties: Maricopa County
2023 Metro Rankings
Top 5 Agribusiness: Maricopa County
2023 Metro Rankings
Top 10 Life Sciences Growth: Phoenix
2023 Metro Rankings
Top 10 Housing Growth (Mid-Sized Cities): Chandler
2023 Metro Rankings
Top 10 Manufacturing Hubs (Large): Phoenix-Mesa-Chandler
2023 Metro Rankings
Top 10 Most Affordable Cities (Over 500K Pop.): Tucson
2023 Metro Rankings

From the July / August 2023 issue of Business Facilities


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.