Business & Financial Services
MOVING AT THE SPEED OF BUSINESS
Composed of four categories including business and support services, finance, insurance and data centers, Arizona's business and financial services sector is among the top in the nation. The state’s stable climate, reliable energy and pro-innovation policies allow industry to thrive and pave the way for future technologies.
AND MANY MORE
INDUSTRY HIGHLIGHTS
Data Center Market:
Metro Phoenix
JLL North American Data Center Report, 2024
State for Highest Financial Industry Concentration
Lightcast, 2024
State for Inventory Growth in the Primary Data Center Market Since 2020
CBRE, 2024
INSIDE THE SANDBOX
Arizona was the first state in the nation to launch FinTech and PropTech Sandboxes. These influential platforms cut red tape and enable industry disruptors to drive innovation and collaborate.
TOP BUSINESS & FINANCE TALENT
Arizona’s business & financial services talent pool is growing. With top-ranked universities and resources designed for success, the state’s workforce is equipped to excel now and in the future.
Business & Financial Services News
PHOENIX, AZ (December 10, 2025) — Arizona continues to experience robust population growth, fueling gains in both the labor force and the broader economy. According to newly released estimates from the Arizona Office of Economic Opportunity, Arizona added 97,044 residents between July 1, 2024, and July 1, 2025, representing a growth rate of 1.2%. Arizona’s continued growth underscores its appeal as a destination for talent, opportunity, and innovation. Between 2023 and 2024, Maricopa County ranked no. 1 in the U.S. for net migration (U.S. Census). Since 2011, Arizona has added nearly 1.3 million people, a growth rate of 20%. Between 2024 and 2025, Arizona added on average 266 people per day.
READ MORE about BREAKING: Arizona Adds 97,044 Residents Over the Past Year »MARANA, AZ (December 8, 2025) – Ascent Aviation Services (“Ascent”) announced today the grand opening of two new 90,000-square-feet widebody maintenance hangars at their Pinal Air Park (MZJ) facility in Marana, Arizona. The $70 million investment will elevate the facility in Marana and increase its hangar capacity by 200%, allowing the company to tackle more heavy maintenance. Additionally, it will pave the way to support the ongoing commercial relationship with Israel Aerospace Industries (“IAI”) and with their B777- 300ER passenger-to-freighter (“P2F”) conversion program, in which the STC was issued in August of 2025 by the FAA. The facility will support over 300 skilled aviation jobs.
READ MORE about Ascent Aviation Services Celebrates Grand Opening Of Two New Wide-Body Aircraft Hangars In Marana »