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
CHANDLER, AZ (April 2, 2026) – TOCALO Co., Ltd., a Japan-based global leader in advanced surface modification and coating technologies supporting the semiconductor supply chain, has leased 32,045-square- feet of industrial space at 400 N. 56th St. in Chandler, Arizona. The new Chandler facility will support TOCALO’s continued expansion in the United States and strengthen its ability to serve semiconductor manufacturing equipment providers and other advanced manufacturing customers. Chandler’s established innovation ecosystem, highly skilled workforce, and proximity to major transportation and technology corridors were key factors in the company’s site selection decision.
READ MORE about Tocalo Co., Ltd. Signs Lease To Establish Coating Service Facility For Semiconductor Equipment Components In Chandler »PHOENIX, AZ (March 27, 2026) – Amid record international investment and trade, Arizona welcomed leaders from around the world for the 21st Annual International State of the State on March 26. Highlighting Arizona’s strong international partnerships and central role in the global economy, Governor Hobbs delivered a keynote address to over 300 attendees, including dignitaries from more than 40 countries. To further Arizona’s international momentum, state leaders–led by the Phoenix Committee on Foreign Relations and the Arizona Commerce Authority–hosted an International State of the State Forum, showcasing Arizona’s premier investment environment, international partnerships, and global leadership.
READ MORE about Arizona’s Global Leadership Shines At International State of the State »