PHOENIX, AZ (July 22, 2026) — Fiscal Year 2026 (FY26) marked the most successful year for economic development in Arizona’s history. 

 

During the 12‑month period ending June 30, 2026, the Arizona Commerce Authority (ACA) and local economic development partners worked with companies that committed to creating 26,225 projected new Arizona jobs and investing more than $109 billion into communities statewide — both single‑year records. 

 

The projected new jobs carry an average wage of $81,368, higher than the state median wage.  

 

“Across the state, we’re delivering the family‑sustaining jobs and economic growth that are moving Arizona forward,” said Governor Katie Hobbs. “From Phoenix to Southern Arizona, to our rural communities and beyond, we are strengthening the state’s workforce, investing in our people, and advancing an economy that creates opportunity for every Arizonan.” 

 

This new fiscal year also marks the 15‑year anniversary of the Arizona Commerce Authority — the state’s leading economic development agency. Created in the wake of the 2008 financial crisis, Governor Jan Brewer and the Arizona Legislature established the ACA to diversify and strengthen Arizona’s economy by targeting high‑value industries for strategic business attraction, expansion, and creation. 

 

Since its inception in 2011, the ACA and partners have secured more than 1,428 competitive projects, representing over 338,000 projected new jobs and more than $304 billion in capital investment statewide. 

 

“Arizona is delivering unprecedented economic opportunity statewide,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “We are incredibly grateful to Governor Hobbs and all our economic development partners for their support. With Arizona’s thriving industry clusters, unmatched business climate, talented workforce, top-tier education, and robust innovation ecosystem, our state continues to attract global leaders—expanding economic opportunity and reinforcing Arizona’s position as premier destination for business.” 

 

In FY26, expansion projects took place in 23 communities across the state, including Buckeye, Chandler, Cochise County, Eloy, Gila Bend, Glendale, Goodyear, La Paz County, Litchfield Park, Marana, Maricopa, Mesa, Peoria, Phoenix, Scottsdale, Surprise, Tempe, Tolleson, Tucson, Waddell, Yavapai County, and Yuma. 

 

Expansion projects in Fiscal Year 2026 included: 

• Amkor in Peoria;
• TSMC, ASML, and United Foods International in Phoenix;
• Hadrian, Gifthealth, DSV, Strive Pharmacy, and Garmin in Mesa;
• ERMCO in Maricopa County and Axon in Scottsdale;
• Applied Materials, Brewer Science, Tocalo, and Busch Vacuum Solutions in Chandler;
• Syenta, Cognite, RoviSys, and Kestra Holdings in Tempe;
• KPPC Advanced Chemicals in Casa Grande;
• Burlington in Buckeye and Buc-ee's in Goodyear;
• And Gunnison Copper in Cochise County. 

We’re moving! 

Now in its fifteenth year, the ACA is positioning the organization to capitalize on continued growth and emerging opportunities statewide. Beginning August 3, 2026, the ACA will relocate to the Bank of America Tower, 201 E. Washington Street, in the heart of Downtown Phoenix. 

 

The new location reflects the ACA’s commitment to responsible stewardship, professional excellence, and delivering meaningful results for communities across Arizona. 

 

“This move marks an exciting new chapter for the ACA, strengthening our ability to support businesses and communities statewide while continuing to advance Arizona’s economic future,” said Sandra Watson. “This space will strengthen our ability to collaborate, innovate, and serve partners across the state. We’re ready for this next phase and look forward to the new opportunities it will create for Arizonans and the communities we serve.” 

Media Contact

Alyssa Tufts, Arizona Commerce Authority, alyssat@azcommerce.com

About the Arizona Commerce Authority
The Arizona Commerce Authority (ACA) is the state's leading economic development organization with a streamlined mission to grow and strengthen Arizona's economy. The ACA uses a three-pronged approach to advance the overall economy: attract, expand, create - attract out-of-state companies to establish operations in Arizona; work with existing companies to expand their business in Arizona and beyond; and help entrepreneurs create new Arizona businesses in targeted industries. For more information, please visit azcommerce.com and follow the ACA on X @azcommerce.