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Excessive-tech industries noticed historic investments alongside wins for small enterprise and rural communities
PHOENIX, AZ (December 26, 2023) – In 2023, Arizona continued to draw document investments as high-tech industries surged.
The 12 months additionally noticed main wins for workforce improvement, infrastructure enhancements, startup collaborations, provide chain enhancements, rural enterprise expansions and extra.
Watch Arizona’s financial 12 months in overview beneath
“2023 represented one other unimaginable 12 months of unprecedented progress for Arizona’s financial system,” stated Sandra Watson, President and CEO of the Arizona Commerce Authority. “We’re grateful to Governor Hobbs, and our many authorities, training, trade and innovation companions statewide who proceed to work alongside us to develop and strengthen Arizona’s financial system. We sit up for furthering our speedy momentum within the 12 months forward!
Beneath are highlights of 2023:
Enterprise Growth
Throughout calendar 12 months 2023, the Arizona Commerce Authority (ACA) and financial companions efficiently received over 95 aggressive tasks from firms that dedicated to creating greater than 24,600 projected new jobs whereas investing over $10.3 billion within the state.
The ACA labored with firms throughout the state in calendar 12 months 2023, with expansions happening in Avondale, Buckeye, Bullhead Metropolis, Casa Grande, Chandler, El Mirage, Eloy, Gila Bend, Gilbert, Glendale, Goodyear, Inexperienced Valley, Hayden, Litchfield Park, Marana, Mesa, Parker, Peoria, Phoenix, Pima, Queen Creek, San Luis, Scottsdale, Sierra Vista, Safford, Shock, Tacna, Tempe, Tolleson, Tucson, Winslow, Yuma, and extra.
All year long, Arizona noticed vital manufacturing tasks taking place statewide, together with:
Arizona additionally continued to develop in numerous industries similar to know-how, analysis and improvement, distribution and warehousing, HQ places of work and extra together with:
Incomes High Nationwide Rankings
In April, Arizona positioned within the top 5 of “Best States For Business” by Chief Government Journal and in Might, Arizona was acknowledged as a top 5 state for innovation, in line with the newest “innovation scorecard” report by the Client Expertise Affiliation (CTA).
In Might, the Arizona Commerce Authority was acknowledged as one of four winners of the inaugural “Financial Growth Award” by Enterprise Services. The award acknowledges neighborhood efforts at attracting “record-breaking tasks and creating new pockets of financial progress.”
In June, Arizona was awarded its fifth prestigious “Gold Shovel” award from Space Growth Journal, recognizing the state’s “success by way of new job creation and firm capital funding in 2022. As well as, TSMC’s $40 billion funding to construct two semiconductor fabs in Phoenix was named one in every of 15 “Manufacturing Tasks of the 12 months.”
And in December, Maricopa County ranked no. 1 for expertise attraction within the Talent Attraction Scorecard launched by Lightcast, a world chief in labor market analytics, for the fourth straight 12 months. Arizona additionally ranked among the many top-three for job progress and top-five for competitiveness.
Advancing Arizona’s Semiconductor Business
Key actions all year long furthered Arizona’s semiconductor management together with strategic training partnerships and vital tasks.
In January, SEMI announced that SEMICON West, the nation’s premier semiconductor exhibition and convention, shall be held in Phoenix in 2025, 2027 and 2029 after being held in California for over 50 years.
In July, Arizona State College (ASU) and Utilized Supplies announced plans to create a $270 million Supplies-To-Fab Middle (MTF) Middle in Tempe. The MTF Middle, a shared analysis, improvement and prototype facility, is supported by a $30 million funding from the ACA to assist advance the state’s semiconductor trade and can speed up semiconductor innovation at ASU and statewide.
In November, the College of Arizona (UArizona) and the ACA announced an growth of the College’s Micro/Nano Fabrication Middle (MNFC) in Tucson. The growth of the MNFC, a cleanroom facility which helps manufacturing and analysis efforts involving semiconductors, laptop chips, optical gadgets and quantum computing techniques, is supported by a $35.5 million funding from the ACA. The MNFC growth can even embody extra coaching efforts to proceed rising the state’s expert workforce.
In November, Governor Hobbs introduced key actions to strengthen Arizona’s semiconductor expertise pipeline. The initiatives embody a first-of-its-kind Registered Apprenticeship Program, a partnership between the ACA, OEO, DES and NXP, a sophisticated semiconductor producer that operates two fabs in Chandler. The corporate’s program will begin with the economic manufacturing technician occupation and discover extra occupations sooner or later. In November, Governor Hobbs additionally announced a Future48 Workforce Accelerator targeted on semiconductors positioned in Maricopa County.
In December, the ACA announced a $17.5 million funding in ASU to broaden Arizona’s superior semiconductor manufacturing capabilities. The growth will improve Arizona’s fan-out wafer-level packaging R&D and workforce coaching capabilities and drive the creation of a GaN (gallium nitride) manufacturing and analysis ecosystem within the state. ASU will allocate the funding to buy tools to reinforce the capabilities of ASU’s MacroTechnology Works (MTW) in Tempe.The growth can even embody workforce improvement initiatives similar to internships and college joint analysis, and next-gen GaN analysis improvement for 6G in partnership with NXP Semiconductors in Chandler.
Investing In Arizona’s Workforce
Arizona continued to advance modern partnerships to additional strengthen the state’s already strong workforce.
In June, Governor Hobbs announced the primary two of as much as six Future48 Workforce Accelerators. The agricultural workforce accelerators characterize a partnership with Mohave Group School in Kingman and Arizona Western School in Yuma.
Supporting Startup Success And Advancing Innovation
In March, Plug and Play accelerateAZ announced it had chosen Arizona for its latest location. In April, Plug and PlayaccelerateAZ celebrated the launch of the Arizona workplace.
This 12 months, Plug and Play accelerateAZ launched two applications–the Advanced Manufacturing Accelerator program, which has chosen two cohorts of 26 startups after launching in April. In December, Plug and Play accelerateAZ announced the Sustainability Accelerator program that can launch in Spring 2024. The Sustainability program will assist the expansion of Arizona startups in areas together with renewable power, water resiliency, sustainable mining, round supplies and carbon neutrality.
In December, the ACA announced that 10 firms from a pool of 100 candidates have been chosen as awardees for the 2023 Arizona Innovation Problem (AIC). Since 2011, the ACA has chosen 130 AIC awardees from over 2,700 candidates, representing a mixed portfolio worth of greater than $2.5 billion.
Advancing Arizona’s World Competitiveness
In March, Governor Hobbs announced the opening of two worldwide commerce and funding places of work in Taiwan and the Republic of Korea. The places of work in Taipei, Taiwan, and Seoul, South Korea, function platforms to extend financial collaboration and overseas direct funding alternatives between Arizona and each nations.
The workplace openings have been introduced after Arizona landed vital investments from each countries- together with Taiwan-based TSMC’s $40 billion investment to construct two fabs in Phoenix, creating 4,500 complete jobs, and South-Korea based mostly LG Vitality Answer, which is investing $5.5 billion to determine a battery manufacturing complicated in Queen Creek, creating 1000’s of jobs.
Additionally in March, Arizona ranked no. 1 within the nation in 2022 for worldwide funding. In 2022, Arizona attracted growth tasks from 35 worldwide firms, representing $31. 95 billion in funding (FDI).
Supporting Small Companies
In February throughout Tremendous Bowl LVII in Arizona, companies that have been a part of the Tremendous Bowl LVII Enterprise Join Program, a partnership between the NFL and the Host Committee, received 246 contracts totaling $11.5 million.
April marked the 3rd Anniversary of the Small Enterprise Boot Camp, a first-of-its-kind program that connects entrepreneurs and small enterprise leaders with native specialists to supply assist, steerage and assets. Since launching on April 27, 2020, the Small Enterprise Boot Camp has held over 300 periods with greater than 17,00 attendees representing all 15 Arizona counties.
Connecting Extra of Arizona
In June, Governor Hobbs announced Arizona acquired a $993.1 million federal broadband grant to assist construct infrastructure and deploy know-how, the most important broadband funding in state historical past. Arizona’s Broadband, Fairness, Entry and Deployment (BEAD) Program goals to scale back boundaries or hurdles for web service suppliers, whereas leveraging federal partnership alternatives. The document grant builds on years of targeted efforts to make sure high-speed, high quality web entry for all Arizonans.
Learn extra about Arizona’s financial momentum at azcommerce.com.
Media Contact
Alyssa Tufts, Arizona Commerce Authority, [email protected]
Concerning the Arizona Commerce Authority
The Arizona Commerce Authority (ACA) is the state’s main financial improvement group with a streamlined mission to develop and strengthen Arizona’s financial system. The ACA makes use of a three-pronged strategy to advance the general financial system: entice, broaden, create – entice out-of-state firms to determine operations in Arizona; work with present firms to broaden their enterprise in Arizona and past; and assist entrepreneurs create new Arizona companies in focused industries. For extra info, please go to azcommerce.com and comply with the ACA on Twitter @azcommerce.
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