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.
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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 (November 20, 2025) – Eight cutting-edge, defense-focused research and development projects have been selected for funding through the Regents Grant program, the result of a partnership between the Arizona Board of Regents and the recently established Arizona Office of Defense Innovation (ODI). This collaboration, designed to leverage federal investments in applied research, focuses on fostering dual-use innovations – supporting both commercial and national security markets – that strengthen Arizona’s tech ecosystem and national security capabilities. Each project will receive $90,000 to support technology validation, mentorship, and targeted commercialization training.
READ MORE about Eight Defense-Focused Research Projects Awarded Regents Grants »PHOENIX, AZ (November 20, 2025) – ASML, a leading supplier to the semiconductor industry, held an inauguration ceremony today for its U.S. Technical Training Center in Phoenix, Arizona. Customers, government officials including Governor Katie Hobbs, and dignitaries joined ASML executives to celebrate the facility, which began training engineers in 2024. Now fully operational, ASML anticipates the 56,000-square-foot facility will train more than 1,000 engineers annually. The new center in Phoenix is the only ASML facility in the U.S. with the capability to train engineers across all product lines: EUV, DUV and Applications (metrology and inspection systems that quickly and accurately measure pattern quality).
READ MORE about ASML Unveils Technical Academy In Phoenix To Train Next Generation of Lithography Engineers »