Arizona

Arizona’s presence on the world stage has grown significantly with recent announcements by both TSMC ($60B semiconductor) and LG ($5B battery). These activities resulted in Arizona reaching the #1 ranking among US states for FDI investment in 2022. Access to water, power and a nation-leading high-tech workforce are driving factors in companies’ decisions to locate and expand in Arizona. Arizona is home to a surging ecosystem of global giants, early stage entrepreneurs and tech-savvy Millennial talent who are breaking new ground across a wide range of industry growth sectors. Key industries include aerospace & defense, advanced manufacturing, bioscience & healthcare, film & digital media. The Arizona Commerce Authority (ACA) services include site selection, supply chain, community, utility and education/workforce coordination, venture capital access and clearinghouse for state and local incentives. Arizona's solid reputation and assertive stance on innovation led Fast Company to rank Arizona No. 1 in the country for "entrepreneurial activity", attracting even more of the nation's — and world's — big thinkers.