BUSINESS & FINANCIAL SERVICES
BUSINESS & FINANCIAL SERVICES PILLARS
Arizona is home to more than 54,600 business and financial services establishments that are leading the way into the future. Arizona business and financial services companies find new ways to integrate technology and support business growth.
CRITICAL BUSINESS & FINANCIAL SERVICES CLUSTERS
Arizona’s high level of industry concentration is especially notable in three areas.
Tempe Town Lake resides along the Salt River in downtown Tempe. Arizona State University’s 20,000 business students support this assembly of highly impactful financial and insurance businesses.
Chandler, in Phoenix’s southeast valley, hosts the Price Corridor, a congregation of high-capacity utilities, residences and leading finance companies.
Desert Ridge and Kierland, in Phoenix's northeast valley, offers prime office space surrounded by upscale shopping and entertainment amenities.
TOP 2
Data Center Market: Metro Phoenix
JLL North American Data Center Report, 2024
Arizona’s major data centers, both colocation and enterprise, offer some of the nation's most advanced fiber-optic network connections. The state is proud to house over 152 data centers operated by 53 providers including all major cloud providers such as Microsoft, Oracle, Google, Amazon Web Services, Meta and more.
Arizona is a global leader in financial technology with the launch of the Arizona FinTech Sandbox. This program makes Arizona the first state to launch a sandbox that shepherds the development of new emerging technologies. Startups in the state are revolutionizing banking, insurance and payments. Zelle, a peer-to-peer payment platform, is innovating how businesses and consumers conduct transactions. With more than 7,800 financial establishments, including some of the largest in the country, the finance innovation ecosystem is supported by industry veterans.
TOP 3
STATE FOR HIGHEST FINANCIAL INDUSTRY CONCENTRATION
Lightcast, 2024
TOP 5
STATE FOR HIGHEST BUSINESS AND FINANCIAL SERVICES CONCENTRATION
Lightcast, 2024
Business support service companies in Arizona specialize in a variety of assistance, from legal and consulting to web hosting and cybersecurity. More than 40,600 establishments are driving continual growth across the state, innovating and changing the way we do business. GoDaddy, the world’s largest technology provider dedicated to small businesses, is headquartered in Scottsdale. The Kudelski Group provides digital security technologies and solutions to companies around the world from its North American headquarters in Arizona.
Arizona companies are rethinking the insurance process with digital applications. Root Insurance, which operates in Chandler, is the nation’s first licensed insurance carrier powered entirely by mobile. On Q Financial, a mortgage services company, moved its corporate headquarters to Scottsdale, citing access to a quality talent pipeline and rapidly growing business and financial services sector. State Farm employs about 8,100 people with plans to continue adding to its regional headquarters. USAA employs 4,000 people in Arizona, serving the state’s valuable military members and veterans.
OVER 73,600
DIRECT JOBS IN THE INSURANCE INDUSTRY
Lightcast, 2024