Arizona Commerce Authority | InBusiness
Fiscal Year (FY) 2021 was a record-breaking year for statewide economic development. During the 12-
month fiscal period that ended June 30, 2021, the Arizona Commerce Authority (ACA) successfully worked with companies that committed to creating a projected 23,317 new Arizona jobs while investing $24.8 billion in local communities — the most ever for both metrics.
The projected jobs come with an average annual wage of $66,337, nearly $13,000, or 25%, higher than the state average.
Compared to the ACA’s FY 2021 goals, the previous fiscal year’s results represent 146 percent of the agency’s projected jobs goal, 122 percent of its wages goal, and 1,772 percent of its projected capital investment goal.
“Our economic development is setting records, our state’s fiscal position is as strong as it’s ever been, revenues are through the roof and we are experiencing one of the fastest economic recoveries in the nation,” said Governor Doug Ducey. “Facing unprecedented challenges, Arizona’s innovators, entrepreneurs, and employees have persevered like never before, demonstrating their resilience and grit. I congratulate them and all hardworking Arizonans for continuing to set the national standard for economic excellence. I also want to recognize Sandra Watson and her outstanding team at the Arizona Commerce Authority for their work to grow, strengthen and diversify Arizona’s economy.”
Contributing significantly to the FY 2021 results was Intel’s historic $20 billion investment for two new semiconductor fabs announced in March. The investment will create 3,000 new high-tech, high-wage jobs and support an estimated 15,000 additional indirect jobs in the community.
