The summer of 2021 is leading the record books for businesses relocating to Arizona, including semiconductor manufacturers, electric car makers and many other tech companies. While most relocations and expansions are happening in the Valley, Northern Arizona is also attracting companies. In east Flagstaff, the large former Walgreens distribution is being remodeled by UACJ Automotive Whitehall Industries. The company specializes in electric car components for manufacturers including Tesla and … [Read more...] about Arizona’s Business Landscape Sees Explosive Growth
economic growth
Arizona Leads Nation In Personal Income Growth
Personal income in Arizona rose last year at a rate faster than nearly any state in the country, according to new estimates from the Bureau of Economic Analysis. With a personal income growth rate of 8.4%, Arizona tied with Montana for the fastest rate of growth in personal income in 2020. “Throughout the pandemic, we’ve sought to stretch and strengthen the social safety net to protect people out of work due to no fault of their own,” said Governor Doug Ducey. “We’ve also adopted a … [Read more...] about Arizona Leads Nation In Personal Income Growth
Economic Growth on the Rise
It is an exciting time for economic growth and business in Arizona. The national media is taking notice of Arizona’s business competitiveness. Site Selection magazine recently ranked Arizona as the most competitive state in the mountain region. Area Development magazine recognized Arizona for being the top state in economic development in the population category of 5 million to 8 million. Recently, Governor Ducey approved legislation that makes Arizona the first state in the country to lay the … [Read more...] about Economic Growth on the Rise
Bioscience Jobs Fueling Economic Growth
Arizona’s bioscience sector added jobs at nearly four times the national rate over the past decade and experienced double-digit job growth during the economic recovery, a new report shows. The new performance analysis of Arizona’s bioscience sector, commissioned by the Flinn Foundation, also found that the number of bioscience establishments in Arizona continues to grow faster than the national average and bioscience wages in the state are outpacing those in other private-sector … [Read more...] about Bioscience Jobs Fueling Economic Growth
