Theme-Logo Arizona Technology Industry Impact Report 2022 Q1

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 first-quarter data, three areas caught my attention:

1) Over the past year, the number of technology companies has risen by 8.17% in Arizona, with a total of 10,827 firms.

2) Year-over-year growth in the number of technology jobs was 2.78%, down a bit from the 3.09% reported in the fourth quarter of 2021. Job growth is still higher in Arizona than Texas (2.1%) and California (2.0%).

3) The number of STEM job postings has risen 19% since its May 2021 peak. Clearly, Arizona employers see strong growth on the horizon and are hungry for the talent to help realize it.

In addition to these highlights and other data points in the dashboard below, you will find inspiring stories behind the numbers 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. 

209,846

Tech jobs

2.78%

Job growth over past year

$24,653,264,266

Total Industry Wages

1.88%

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.

How to Hire Technology Talent More Inclusively

Arizona’s technology ecosystem can only become more vibrant by attracting and retaining diverse technology talent. That was a key message in a podcast conversation featuring e-commerce leaders Angela Hughey, president, ONE Community; Biju Menon, CEO, FairHire; Steve Tepper, executive director, Arizona Center for the Blind & Visually Impaired; and Erica Young, enterprise solutions architect, SHRM. Leading the discussion were Karen Nowicki, president and owner of Phoenix Business RadioX, and Bianca Buliga, director of marketing + communications at the Council. Together, they explored technology’s role in hiring technology talent more intentionally and inclusively to further propel Arizona’s technology revolution.

CEO Joyce Mullen on Leading a Fortune 500 Company

Joyce Mullen was looking forward to taking some time off after 21 years at Dell Technologies, but the break didn’t last long. Mullen joined Chandler-based Insight Enterprises, one of Arizona’s largest companies, back in 2020 as the president of North America operations. She moved up and became the CEO of the company in January. She is among the few female CEOs leading fortune 500 companies. In her interview with Phoenix Business Journal, she discussed her career, the technology landscape and the responsibility of being a woman leader.

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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, 510 new jobs are created in other industries.

Spotlight on Tech Jobs in AZ versus Other States

Annual data updates

10,827

Firms

8.17%

YoY Growth

Behind the Numbers: AZ Tech Companies

Intel Hopes to Increase Workforce Diversity By 2030 Through 2 Valley Programs

One of the biggest international technology companies with a large footprint in the Phoenix area is setting out to make its workforce more inclusive and diverse. Intel has set an ambitious goal to increase the number of women in technical roles to 40%, as well as double the number of women and minorities in senior roles by 2030. The company plans to improve the number of women in technology roles through two new programs it’s now offering.

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Panasonic to Spin Out Public Company Centered on Scottsdale’s Blue Yonder

The past year has already been marked by major changes at Scottsdale’s Blue Yonder. Now, the company appears headed for the stock market. Blue Yonder, which makes logistics software, was acquired by Osaka, Japan-based Panasonic last year in a blockbuster $7.1 billion purchase. As a follow-up, Panasonic is looking to spin out Blue Yonder and its other supply chain management businesses into a public company.

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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

ASU, Salesforce’s Trailhead Academy Join Forces to Close the Digital Skills Gap

Digital skills have long been in the spotlight at Arizona State University (ASU) as the institution prepares its students for the future workforce, and ongoing efforts between ASU and industry leaders ensure that Sun Devils have access to state-of-the-art digital platforms. One such long-established partnership has been with Salesforce. ASU now is a Salesforce Authorized Training Provider, enabling its students to sharpen their technical and creative skill sets even more.

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Build Back Better Plan Gives Arizona 55,000 New Clean Tech Jobs

Arizona residents can expect a significant economic gain if the Biden Administration is able to pass its Build Back Better Act, which includes more than 55,000 new sustainable, clean technology and electric vehicle jobs coming to the state to support the historic Infrastructure Investment and Jobs Act that became law earlier. A new National Resources Defense Council analysis shows the Build Back Better Act, as it currently stands, has the potential to significantly accelerate clean energy investment, economic activity and job growth in Arizona.

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$2B

Venture Capital invested in 2020

162%

Change in VC funding from 2020
VC Investment Amounts
Dollars in Billions
VC Investment Amounts

Behind the Numbers: Tech Investment in AZ

Annual data updates

Mayor Gallego Announces Blue Bank to Foster Innovation in Water Conservation

Mayor Kate Gallego and members of the Phoenix City Council have voted unanimously to make new funding available to companies interested in using a leading-edge technology to save water and protect the environment. The new Blue Bank is a partnership of the city, the New Venture Fund’s BlueCommons project and the Bonneville Environmental Foundation’s Business for Water Stewardship (BWS) program. BlueCommons and BWS will provide loans to qualified companies that want to incorporate cooling tower projects into their own buildings and campuses.

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Banner Health Invests in Atlas Healthcare Partners

Banner Health has invested in Atlas Healthcare Partners, which specializes in developing and managing ambulatory surgery centers in partnerships with health systems and physicians. “Based on the significant growth and success that Banner and Atlas have achieved together through our Banner Surgery Center network joint venture, it was a logical next step for Banner to invest in Atlas to help the company scale and grow into a larger national partner for other health systems as well,” said Scott Nordlund, Banner’s chief strategy and growth officer.

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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.