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.
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.
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.
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.
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.
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.
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.
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.
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.
Data
METHODOLOGY
This report includes totalling 0 data points from 13 measures, collected from 1 public sources (described below). We also estimated 0 data points based on our estimation and projection methodology.
Some of the summary data included in the report may not include suppressed data. Data suppression occurs in cases where private, identifying information would be disclosed. In most cases, this does not impact the total values presented in the report, but in cases where there are small industries or areas, data suppressions may reduce the accuracy of the data we can display.
SOURCES
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Quarterly Census of Employment and Wages
Website: https://www.bls.gov/cew/
Data Year:The Quarterly Census of Employment and Wages (QCEW) program publishes a quarterly count of employment and wages reported by employers covering more than 95 percent of U.S. jobs, available at the county, MSA, state and national levels by industry.
Measures
Total Annual Wages, Taxable Annual Wages, Firms, Employment Level, Annual Contributions, Employment Growth (YoY Change), Firms (YoY Change), Wage Growth (YoY Change), Yearly Pay Growth (YoY Change), Average Industry Pay, Employment vs US Average, Wages vs US Average, Yearly Pay vs US Average
Populations
2131 - Support Activities for Mining, 2211 - Electric Power Generation, Transmission and Distribution, 3252 - Resin, Synthetic Rubber, and Artificial Synthetic Fibers and Filaments Manufacturing, 3261 - Plastics Product Manufacturing, 3313 - Alumina and Aluminum Production and Processing, 3314 - Nonferrous Metal (except Aluminum) Production and Processing, 3327 - Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing, 33299 - All Other Fabricated Metal Product Manufacturing, 33312 - Construction Machinery Manufacturing, 3332 - Industrial Machinery Manufacturing, 3333 - Commercial and Service Industry Machinery Manufacturing, 3336 - Engine, Turbine, and Power Transmission Equipment Manufacturing, 333613 - Mechanical Power Transmission Equipment Manufacturing, 3339 - Other General Purpose Machinery Manufacturing, 3341 - Computer and Peripheral Equipment Manufacturing, 3342 - Communications Equipment Manufacturing, 3343 - Audio and Video Equipment Manufacturing, 3344 - Semiconductor and Other Electronic Component Manufacturing, 3345 - Navigational, Measuring, Electromedical, and Control Instruments Manufacturing, 3346 - Manufacturing and Reproducing Magnetic and Optical Media, 3353 - Electrical Equipment Manufacturing, 3359 - Other Electrical Equipment and Component Manufacturing, 3363 - Motor Vehicle Parts Manufacturing, 3364 - Aerospace Product and Parts Manufacturing, 336992 - Military Armored Vehicle, Tank, and Tank Component Manufacturing, 3391 - Medical Equipment and Supplies Manufacturing, 42343 - Computer and Computer Peripheral Equipment and Software Merchant Wholesalers, 5112 - Software Publishers, 5152 - Cable and Other Subscription Programming, 517 - Telecommunications, 518 - Data Processing, Hosting, and Related Services, 51913 - Internet Publishing and Broadcasting and Web Search Portals, 5415 - Computer Systems Design and Related Services, 5417 - Scientific Research and Development Services, 61142 - Computer Training