Arizona Technology Industry Impact Report 2022 Q3
A Message from the Arizona Technology Council President + CEO
With 2022 coming to a close, the latest Arizona Technology
Industry Impact Report highlights achievements while also identifying areas for
improvement in the new year. They include:
1) Arizona ranks 12th in the U.S. for employee diversity in the technology industry. In fact, the state’s demographic breakdown for the industry is 62% white, 21% Hispanic or Latino, 10% Asian, 5% Black or African American and 3% identifying as Other.
2) Although technology job postings dropped 18% during the third quarter to reflect the cooling job market, they still were higher than the same period.
3) There continues to be a large opportunity to increase the number of graduates who earn degrees in science and engineering, as Arizona remains nearly 25% below the national average.
But these takeaways are just pieces of the puzzle. Look
below to find inspirational stories that bring the numbers to life and
illustrate the powerful impact of Arizona’s technology industry.
TGen names Kevin Campbell chief information officer
The Translational Genomics Research Institute
(TGen), part of City of Hope, announced the
appointment of industry veteran Kevin Campbell to chief information
officer. Campbell will oversee the design, development and implementation
of infrastructure systems, software applications and IT support. He also will
work to identify emerging technologies to be adopted by TGen that support the research
and business objectives of the institute. Campbell joined TGen in 2003 to work
closely with its faculty and the scientific community in enabling and accelerating
research and discovery. He was a key driver of the team that designed and
built two supercomputer systems for TGen that placed in the top 100 most
powerful supercomputers in the world. READ MORE HERE >>
TechFocus member spotlight: Tom Smelker, VP and GM of microsystems for Mercury Systems
Connect with Mercury Systems and Tom Smelker, vice president and general manager of microsystems. A Defense Microelectronics Activity-accredited manufacturer, Mercury delivers mission-critical products and solutions to advanced applications deployed across land, sea, air, space and cyberspace domains. Mercury’s purpose (Innovation That Matters®) inspires its ongoing technological development in support of its global customer base, ranging from defense prime contractors and government agencies to commercial companies in aerospace, technology and other industries. Highly sophisticated sensor solutions are defining the next generation of defense — sensors at the edge — and Mercury continues to deliver trusted, secure open architecture processing solutions powering a broad range of mission-critical applications for challenging environments. READ MORE HERE >>
BestCompanies AZ guest post: The benefits of cultural diversity in the workplace
Organizations are increasingly seeking to
diversify their workforces to tap into the many benefits of cultural diversity.
A more diverse workforce can bring numerous advantages, including improved
social awareness, creativity and productivity. Diversity also can help organizations
better understand and serve their customers. With a more diverse workforce, a business
can more effectively communicate with customers from various backgrounds. In
addition, the workforce can help better understand the needs of customers and develop
products and services that meet those needs. READ MORE HERE >>
TechFocus member spotlight: Khalid Al-Maskari, founder and CEO, Health Information Management Systems (HiMS)
Did anything positive come out of the global COVID-19 pandemic? According to Health Information Management Systems (HiMS), a company committed to transforming the integrated health care experience, the constraints of the pandemic helped accelerate the implementation and deployment of telehealth options for health care providers and patients globally. Since then, health care communities have continued to embrace the power of technology to utilize digital care tools for integrated health solutions. CEO and founder Khalid Al-Maskari rapidly grew HiMS from a single Tucson-based customer to a multi-state enterprise. HiMS innovative solutions aim to improve the quality of the health care experience for both the patient and the provider. READ MORE HERE >>
Why Array Technologies stock is soaring today: 'Relentless focus on operational execution'
Array Technologies shares are trading higher after the company reported better-than-expected financial results and issued guidance. Array reported second-quarter revenue jumped 116% year-over-year to $424.9 million, which beat the estimate of $336.93 million, according to Benzinga Pro. The solar company reported quarterly adjusted earnings of 9 cents per share, which beat the estimate of 3 cents per share. Array expects third-quarter revenue to be between $1.3 billion and $1.5 billion versus the estimate of $1.4 billion. READ MORE HERE >>
ZorroSign launches new user interface bringing best user experience to digital signatures
ZorroSign, a global leader in blockchain-based digital signature solutions, announced the launch of its next generation platform: an upgraded ZorroSign user experience and user interface with new features, security, compliance and system updates. The company’s goal is to ensure the ZorroSign application’s look and feel are the most intuitive and user-friendly digital signature experience available. READ MORE HERE >>
Career development platform becoming hub to connect job seekers with employment
Pipeline AZ, an Arizona career development and job skills exploration platform, is celebrating the milestone of surpassing 50,000 registered users. Pipeline AZ users have been able to use the platform’s skills mapping technology to help job seekers begin a new path, level-up in their existing careers, explore work or work-based learning opportunities, and discover new passions that change their career trajectory. READ MORE HERE >>
August 2022 AZ TechCast: Building the pipeline of STEM talent for tomorrow's workforce needs
The August 2022 episode of the Arizona Technology Council’s AZTechCast podcast featured experts including Julie Bonner, director of communications at FreeFall Aerospace; Claire Conway, Arizona STEM ecosystem programs manager at SciTech Institute; and Betsy Hargrove, superintendent of the Avondale Elementary School District. These leaders joined Karen Nowicki, president and owner of Phoenix Business RadioX, and Steve Zylstra, president and CEO of the Council and SciTech Institute, in discussing the importance of STEM education in building the pipeline of technology talent for today and tomorrow’s workforce needs. READ MORE HERE >>
Intel, semiconductor industry celebrate as Biden signs CHIPS Act into law
President Joe Biden recently signed the CHIPS and Science Act, cementing historic investment in domestic semiconductor manufacturing. The legislation was backed by industry, including Intel, one of Arizona’s largest private employers that is expanding its largest chip manufacturing plant, or fab, in Chandler. The company has more than 12,000 employees in Arizona and plans to increase that number by 3,000 when the expansion is complete. READ MORE HERE >>
New funding for bioscience program expansion at Maricopa County Community Colleges
Rep. Greg Stanton and Maricopa County Community College District (MCCCD) leaders gathered at the Center for Entrepreneurial Innovation LabForce to announce $1 million in federal community project funding for bioscience program development at the Maricopa Community Colleges. In April, MCCCD submitted to Stanton a proposal for funding to better serve the growing bioscience industry’s workforce needs. The funding was included in a House Labor, Health and Human Services, Education and Related Agencies appropriations bill. READ MORE HERE >>
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