Theme-Logo Arizona Technology Industry Impact Report 2021 Q3

A Message from the Arizona Technology Council President + CEO

Once again, there is plenty of good news in the latest Arizona Technology Industry Impact Report, as well as some opportunities for improvement. Looking at the third quarter data, three areas caught my attention:

1) Year-over-year growth in the number of technology jobs was robust at 2.64% although slightly lower than the 3.25% reported in the second quarter. Total industry wages grew at about the same level, suggesting that employers in Arizona are not facing the same inflationary pressure as other industries.

2) The number of third quarter STEM job postings remained above the July 2019 high but down slightly from the second quarter. Clearly, Arizona employers see strong growth on the horizon and are hungry for the talent to help realize it.

3) The amount of venture capital invested in 2020 declined 27.5% compared with 2019. That could be expected given the pandemic-related uncertainty that characterized last year. Given all the reports of new investment, including some described below, we should expect to see VC investment rebound when the 2021 numbers are released.

In addition to these highlights and other data points in the dashboard below, you will find inspiring stories behind the numbers in conversations with people like Doug Stetson, CEO of FreeFall Aerospace; Angela Creedon, Arizona public affairs manager for City, County and Higher Education at Intel; Alex Iuorio, senior vice president of Supplier Development at Avnet; and Lindsay Gorrill, CEO of KORE Power — all stories illustrating the powerful impact of Arizona’s technology industry.

Note: The technology sector jobs data in this dashboard are sourced from Emsi, representing estimates of the trailing four quarters for the given reporting period. Emsi's model uses the most recent four quarters of BLS data to produce these estimations, allowing us to publish data approximately six months in advance of official BLS releases. 

206,528

Tech jobs

2.64%

Job growth over past year

$23,793,840,273

Total Industry Wages

2.96%

Growth in total wages over past year

Behind the Numbers: AZ Tech Careers

There are tech jobs in AZ available for every career level and there are many different pathways into the industry, from a 4-year college degree or advanced degree, to a certificate from a training provider, to apprenticeships.

14 AZ Tech Leaders to Watch in 2022

Arizona’s technology community is built on the strength of its people. These leaders and the thousands of experienced employees at their companies have put Arizona on the map as one of the strongest innovation ecosystems in the world. Their work in not only developing critical innovation but also providing high-quality jobs and advocating for technology-friendly legislation has pushed our community beyond what we could have ever imagined 15 to 20 years ago.

  1. Carol Stewart, associate vice president, Tech Parks Arizona, The University of Arizona
  2. Christine Boles, vice president in the Internet of Things Group (IoTG) and general manager of Industrial Solutions Division, Intel
  3. Clate Mask, CEO, Keap
  4. Gregory J. Hayes, chairman and CEO, Raytheon Technologies
  5. Greg Scoresby, founder and CEO, CampusLogic
  6. Heidi Jannenga, co-founder and chief clinical officer, WebPT
  7. Jamie Baxter, CEO, Qwick
  8. Jeff Benck, president and CEO, Benchmark
  9. Khalid Al-Maskari, president and CEO, Health Information Management Systems
  10. Dr. Kishlay Anand, co-founder, president, Apricus Health
  11. Mark Russell, CEO, Nikola
  12. Matthew Likens, president and CEO, GT Medical Technologies
  13. Mike McCormack, president and CEO, CP Technologies
  14. Ron Robertson, CEO and co-founder, Picmonic

Read more

A Conversation with Doug Stetson, CEO of FreeFall Aerospace

Doug Stetson is the CEO of FreeFall Aerospace developing innovative antenna technology for satellite communications. FreeFall was founded in Tucson as a spin-off from the University of Arizona and maintains a close connection with UA faculty and supporters. Before founding FreeFall, Doug spent 30 years at the NASA Jet Propulsion Laboratory having lead roles in systems engineering and mission design for Mars, Jupiter, and Saturn missions. After leaving JPL in 2008, Doug was the project manager for the LightSail mission that successfully deployed and tested a solar sail in Earth orbit.

Spotlight on Diversity & Inclusion

Annual data updates

Spotlight on Economic Impact

Annual data updates

Tech Industry Job Multiplier (direct, indirect, induced)

For every...
 jobs added in the tech industry, 376 new jobs are created in other industries.

Spotlight on Tech Jobs in AZ versus Other States

Annual data updates

10,203

Firms

5.43%

YoY Growth

Behind the Numbers: AZ Tech Companies

How Arizona Became America's New 'Semiconductor Central'

Semiconductors are the nation’s fifth-largest export. Arizona is quickly emerging as a base for the industry’s growth and success. In fact, Arizona has skyrocketed to No. 3 in the nation with 107 semiconductor establishments operating here including Intel, TSMC, Microchip, onsemi, NXP and many others. In this episode of AZTechCast, Karen Nowicki and Bianca Buliga are joined by Angela Creedon, Arizona Public Affairs Manager for City, County and Higher Education at Intel and Alex Iuorio, Senior Vice President of Supplier Development at Avnet.

KORE Power CEO Lindsay Gorrill on Building a Battery Manufacturing Ecosystem in AZ

As the Biden administration pushes massive investments in clean energy as part of a goal to reach net zero emissions by 2050, the White House wants the technology behind that energy to be homegrown. That’s a challenge that Lindsay Gorrill, CEO of KORE Power, is ready to tackle. KORE Power, which was founded in 2019, announced plans to build a battery cell factory in Buckeye, 40 miles west of Phoenix, earlier this year. The company projects the factory will produce 12 GWh of total annual capacity by the end of 2023 and anchor what Gorrill hopes will become a grand-scale battery ecosystem in the Grand Canyon State.

Read more

Spotlight on Supply Chain

Annual data updates

88%

of Arizona's population has at least a high school diploma

29%

of Arizona's population has at least a Bachelor's degree

NSF Grant to NAU Will Support R&D + Training in Parallel Computing

An assistant professor at Northern Arizona University’s School of Informatics, Computing and Cyber Systems, Mike Gowanlock, has been awarded a National Science Foundation (NSF) grant to support his research in the emerging field of parallel computing architectures needed to process large volumes of data generated by major astronomical surveys, including the Legacy Survey of Space and Time (LSST). The grant will also support development of a new undergraduate course that teaches parallel computing, ensuring that graduates of NAU’s computer science undergraduate program have the skills needed to exploit future generation computer systems.

Read more

KORE Power CEO Lindsay Gorrill on Building a Battery Manufacturing Ecosystem in AZ

As the Biden administration pushes massive investments in clean energy as part of a goal to reach net zero emissions by 2050, the White House wants the technology behind that energy to be homegrown. That’s a challenge that Lindsay Gorrill, CEO of KORE Power, is ready to tackle. KORE Power, which was founded in 2019, announced plans to build a battery cell factory in Buckeye, 40 miles west of Phoenix, earlier this year. The company projects the factory will produce 12 GWh of total annual capacity by the end of 2023 and anchor what Gorrill hopes will become a grand-scale battery ecosystem in the Grand Canyon State.

Read more

$626M

Venture Capital invested in 2020

-27.5%

Change in VC funding from 2019
VC Investment Amounts

Behind the Numbers: Tech Investment in AZ

Annual data updates

Happy Birthday to the ACA: 10 Years of Growth Re-imagined

As the Arizona Commerce Authority celebrates its tenth year, three members of the ACA’s leadership team discuss how the agency has evolved, the monumental success it has achieved to improve the state for business and innovation, and the future of economic development in Arizona. With ACA’s Andy Lombard, Executive Vice President of Innovation and Venture Development; Jena Coolidge McGovern, SVP of Marketing and Communications; and Brian Sherman, Chief Innovation Officer.

Making a Strong, Unique Valley Tech Community

"There has always been a significant amount of tech here in Greater Phoenix – semiconductor manufacturing, aerospace, software, IT and medical. Thriving, but only rarely connected." Writing in the Phoenix Business Journal, AZ Tech Council Board Chair Eric Miller, Principal and Co-owner of PADT Inc., explains how a "recent shift towards concentration and collaboration" is an opportunity to "bring life-improving technology to the world."

Read the article

Patents Awarded
R&D as a Percentage of GDP
State Comparison

Spotlight on Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Awards

Annual data updates

Check out training opportunities and spotlights of past winners at the Arizona Commerce Authority's SBIR/STTR Resource Center

The AZ Tech Industry Impact Report is a product of eIMPACT, published by by the Arizona Technology Council .



The Arizona Technology Council (AZTC) is Arizona’s premier trade association for science and technology companies. Recognized as having a diverse professional business community, Council members work towards furthering the advancement of technology in Arizona through leadership, education, legislation and social action. The Council offers numerous events, educational forums and business conferences that bring together leaders, visionaries, and community members to make an impact on the technology industry. These interactions contribute to the Council’s culture of growing member businesses and transforming technology in Arizona. To become a member or to learn more about the Arizona Technology Council, please visit www.aztechcouncil.org and follow AZTC on Twitter at @aztechcouncil.