Arizona Technology Industry Impact Report 2021 Q3
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.
Tech Jobs in AZData sourced from Emsi, updated quarterly
Job growth over past year
Total Industry Wages
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.
- Carol Stewart, associate vice president, Tech Parks Arizona, The University of Arizona
- Christine Boles, vice president in the Internet of Things Group (IoTG) and general manager of Industrial Solutions Division, Intel
- Clate Mask, CEO, Keap
- Gregory J. Hayes, chairman and CEO, Raytheon Technologies
- Greg Scoresby, founder and CEO, CampusLogic
- Heidi Jannenga, co-founder and chief clinical officer, WebPT
- Jamie Baxter, CEO, Qwick
- Jeff Benck, president and CEO, Benchmark
- Khalid Al-Maskari, president and CEO, Health Information Management Systems
- Dr. Kishlay Anand, co-founder, president, Apricus Health
- Mark Russell, CEO, Nikola
- Matthew Likens, president and CEO, GT Medical Technologies
- Mike McCormack, president and CEO, CP Technologies
- Ron Robertson, CEO and co-founder, Picmonic
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
Spotlight on Tech Jobs in AZ versus Other States
Annual data updates
Tech Companies in AZData sourced from Emsi, updated annually
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.
Spotlight on Supply Chain
Annual data updates
AZ Tech Workforce Development & EducationData sourced from Emsi, updated annually
of Arizona's population has at least a high school diploma
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.
University of Arizona Researchers Closer to Developing Pain Drug That Cuts Opioids’ Addictiveness
University of Arizona researchers say they are closer to developing a pain relief treatment that dramatically diminishes the danger of opioids. The research is focused on a new compound created at UArizona’s Health Sciences department that reduces the sensation of pain by regulating a biological channel linked to pain, the university said. The research team was led by Rajesh Khanna, Ph.D., associate director of the UArizona Health Sciences Comprehensive Pain and Addiction Center, professor of pharmacology in the UArizona College of Medicine – Tucson and a member of the BIO5 Institute.
Tech Investment in AZData sourced from Pitchbook and Angelist, updated annually
Venture Capital invested in 2020
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.
Regents Approve Millions in New Research Funding for Arizona’s Public Universities
The Arizona Board of Regents, the body that oversees the state’s three public universities, has approved new technology-focused funding plans. The new funding will last for three years; UA and ASU will each receive $32 million annually, while NAU will get $16 million per year. "Our universities are on the leading edge of innovative research and development that will benefit Arizona and the world long into the future," said ABOR Chair Lyndel Manson said in a statement. "These dollars will fund critical research that ensures ASU, NAU and UArizona to continue to act as problem-solvers and promote the long-term prosperity, health, security and strength of Arizona communities."
Tech Innovation & Exploration in AZData sourced from US Patent and Trademark Office and National Science Foundation, updated annually
R&D as a Percentage of GDPState Comparison
Spotlight on Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Awards
Annual data updates
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.
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.