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.
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, 2023
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 (August 5, 2025) – With billions in new investment, a surge of startups and venture activity, and a deep pool of skilled talent, Arizona's innovation economy is scaling fast — and the world is taking notice. Today, Governor Hobbs and the Arizona Commerce Authority, in partnership with the Arizona Venture Alliance, announced Arizona Tech Week, the state’s first-ever decentralized tech conference. The event will take place in locations across the state from April 6th-12th, 2026. Arizona Tech Week will bring together tech luminaries, investors, founders, and startup leaders for a week of lively keynotes, panels, social networking engagements, pitch competitions, and exclusive Arizona experiences. The first-of-its-kind conference in Arizona will emphasize the state’s prominent role in the global tech ecosystem and provide an opportunity to showcase the state’s most compelling innovations and tech leaders.
READ MORE about Governor Hobbs Announces Arizona Tech Week 2026»PHOENIX, AZ (July 29, 2025) – The Arizona Commerce Authority (ACA) today announced it is accepting applications for the Fall 2025 Arizona Innovation Challenge (AIC), one of the nation’s largest business plan competitions. This year, the Arizona Innovation Challenge will feature a Fall 2025 cohort and Spring 2026 cohort, with investments for the most promising companies taking place in partnership with investors and venture capitalists in Arizona. In addition, the ACA announced the Fall 2025 cohort will be focused on Software as a Service (SaaS) startups. The application window will run from Tuesday, July 29 to Monday, August 11. The AIC consists of three judging rounds where companies receive constructive feedback on their applications generated from the rigorous online evaluation and scoring process.
READ MORE about Arizona Commerce Authority Accepting Applications For 2025 Arizona Innovation Challenge»