Arizona economic development breaks records

By Arizona Commerce Authority | AzBigMedia

Arizona economic development efforts continue to break records and earn international attention. During the 12-month fiscal period that ended June 30, 2023, the Arizona Commerce Authority (ACA) and local economic development agencies successfully worked with companies that committed to creating a projected 24,246 new Arizona jobs with an average wage of $71,893. Those companies also committed to investing a record $40.73 billion in local communities – single year records for jobs, capital investment and wages.

The Fiscal Year 2023 (FY 23) results represent 121 percent of the ACA’s projected jobs goal, 121 percent of its wages goal, and 1,018 percent of its projected capital investment goal.

The ACA worked with companies across the state in FY 23, with expansions taking place in Avondale, Buckeye, Camp Verde, Casa Grande, Chandler, Coolidge, El Mirage, Eloy, Gila Bend, Gilbert, Glendale, Goodyear, Kingman, La Paz, Mesa, Phoenix, Pima, Peoria, Queen Creek, Sahuarita, Scottsdale, Sierra Vista, Surprise, Tempe, Tolleson, Tucson, Willcox, and Yuma.

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