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2023 Q4
Arizona Technology Industry Impact Report

2023 was indeed a year of exponential growth, innovation and energy for Arizona’s technology ecosystem. Let’s look at some of the highlights we noticed for Q4 2023:

  1. Jobs in Arizona's tech sectors reached 234k, a 5.57% one-year gain.
  2. Tech industry earnings across Arizona reached $30.65 billion, a 12-month earnings growth of 9.8%.
  3. Despite this growth, STEM job postings have declined from a high of 404,504 in March of 2022 to a low of 167,462 in December of 2023.
  4. In continuing positive news, Arizona leads the pack in 12-month tech job growth over Nevada (5%), Utah (4.8%), Texas (4.3%) and California (2.8%).

But these takeaways are just pieces of the puzzle. Look below to find key stories that bring the numbers to life and illustrate the powerful impact of Arizona’s technology industry.

Data sourced from Lightcast, updated quarterly
Tech Jobs in AZ

Note: The technology sector jobs data in this dashboard are sourced from Lightcast, representing estimates of the trailing four quarters for the given reporting period. Emsi's model uses the most recent four quarters of BLS data to produce these estimations, allowing us to publish data approximately six months in advance of official BLS releases.

Tech Industry Jobs
234971
12-Month Job Growth
5.57%
Tech Industry Earnings
$30.65B
12-Month Earnings Growth
9.8%

Nearly 40 companies expanded in the Valley in the past year. GPEC says even more in the pipeline

 

·        Nearly 40 businesses decided to expand in the Phoenix area in fiscal year 2023 through Greater Phoenix Economic Council and its partners, according to the economic development organization’s annual report. These included major projects such as the Taiwan Semiconductor Manufacturing Co.’s and LG Energy Solution’s expanded investments as well as traditional manufacturers, distribution and logistics companies and for new headquarters. Link to story >

Intel’s Arizona Expansion Marks Construction Milestone

·        Marking a milestone in Intel’s ongoing manufacturing expansion in Arizona, the company announced that the initial portion of the cleanroom is “weather tight” and the “blow down” phase1 has begun at the company’s two new leading-edge chip factories on its Ocotillo campus in Chandler, Arizona. This milestone underscores Intel’s dedication to advancing its presence in the state and fostering technological innovation. With Arizona as an important manufacturing hub, Intel – the sole U.S.-based leading-edge chipmaker – is dedicated to addressing the growing demand for semiconductors and helping the United States regain its leadership position in this vital industry. Intel’s long-term investment has yielded significant benefits for Arizona, with an estimated 58,600 jobs supported by Intel’s operations. Intel’s annual economic impact in the state stands at $8.6 billion. Link to story >

Tech Job Growth Comparison

1-Year % Change in Jobs

Source: Lightcast

(Updated 04-23-2024)

Occupation Concentration

Occupation2023 Jobs2023 Median Salary2023 LQ (Occupation Concentration)2018-2023 % Change in Jobs
Software Developers
42,951
109,415$
1.19
57.91%
Computer User Support Specialists
24,699
58,284$
1.5
27.17%
Computer Systems Analysts
15,808
104,152$
1.33
14.74%
Computer and Information Systems Managers
13,463
149,594$
1.11
57.95%
Computer Occupations, All Other
7,655
79,816$
0.67
-15.43%
Network and Computer Systems Administrators
6,712
83,896$
0.91
-16.53%
Telecommunications Equipment Installers and Repairers, Except Line Installers
4,799
59,481$
1.05
-15.55%
Computer Network Architects
4,244
119,894$
1.12
31.04%
Architectural and Engineering Managers
4,164
158,303$
0.97
16.57%
Information Security Analysts
4,071
105,960$
1.07
31.84%
Computer Programmers
3,853
70,878$
0.96
-15.79%
Software Quality Assurance Analysts and Testers
3,567
85,201$
0.85
76.42%
Transportation, Storage, and Distribution Managers
3,551
86,011$
0.81
19.9%
Computer Network Support Specialists
3,115
64,294$
0.8
-40.79%
Web Developers
2,792
52,917$
0.97
2.33%
Web and Digital Interface Designers
2,544
54,899$
0.8
11.31%
Telecommunications Line Installers and Repairers
2,526
58,531$
0.85
30.86%
Computer, Automated Teller, and Office Machine Repairers
2,292
37,356$
0.89
-17.73%
Database Administrators
2,099
102,767$
1.17
50.66%
Audio and Video Technicians
1,900
42,844$
1.05
1.26%

Source: Lightcast

(Updated 04-23-2024)
Diversity in Tech

Embracing Diversity: The Strength of an International Workforce

·        Workforce in Motion, a program of Trade in Motion, supports companies to find Mexican STEM graduates and skilled technicians, from entry level to experienced workers, ready to work in Arizona. In today’s globalized world, businesses are continually evolving and adapting to the dynamics of a multicultural marketplace. Among the strategies that forward-thinking industries are implementing is the integration of an international workforce. This deliberate move has proven to be a catalyst for growth and innovation, particularly in sectors like aviation, mining, automotive, construction, manufacturing, and semiconductors. Embracing an international workforce offers multifaceted benefits. Diversity,  equity, and inclusion (DEI) are at the core of this transformation. Link to story >

Diversity is Priority for Banner Health with New Supplier Program

·        Banner Health has launched its Supplier Diversity Program at a community event attended by leaders of the diverse business community. The event provided an opportunity to learn more about Banner Health, the Supplier Diversity Program, and meet the individuals at Banner responsible for the leadership, support, and day-to-day operations of the program. “Supplier diversity and inclusion in the sourcing process ensures we can partner with the most talented, innovative, experienced, and cost-competitive suppliers available,” said Doug Bowen, senior vice president and chief supply chain officer. Link to story >

Occupation Demographics

Source: Lightcast

(Updated 04-23-2024)

Tech Employment by Race

Source: Lightcast

(Updated 08-30-2023)

Historical Gender Diversity in Tech Industry

% Male
% Female

Source: Lightcast

(Updated 08-30-2023)

Occupation Diversity by Gender

Occupation% Male% Female
Software Developers
79%
21%
Computer User Support Specialists
72%
28%
Computer Systems Analysts
62%
38%
Computer and Information Systems Managers
70%
30%
Network and Computer Systems Administrators
80%
20%
Computer Occupations, All Other
72%
28%
Architectural and Engineering Managers
90%
10%
Computer Network Architects
87%
13%
Telecommunications Equipment Installers and Repairers, Except Line Installers
90%
10%
Information Security Analysts
80%
20%
Software Quality Assurance Analysts and Testers
69%
31%
Transportation, Storage, and Distribution Managers
77%
23%
Computer Programmers
78%
22%
Computer Network Support Specialists
72%
28%
Telecommunications Line Installers and Repairers
95%
5%
Computer, Automated Teller, and Office Machine Repairers
90%
10%
Audio and Video Technicians
88%
12%
Web Developers
66%
34%
Database Administrators
63%
37%
Web and Digital Interface Designers
62%
38%
Electrical and Electronics Repairers, Commercial and Industrial Equipment
90%
10%
Database Architects
64%
36%
Audiovisual Equipment Installers and Repairers
96%
4%
Avionics Technicians
90%
10%
Computer Hardware Engineers
85%
15%
Computer Numerically Controlled Tool Programmers
92%
8%
Broadcast Technicians
87%
13%
Natural Sciences Managers
51%
49%
Computer and Information Research Scientists
74%
26%
Radio, Cellular, and Tower Equipment Installers and Repairers
91%
9%
Signal and Track Switch Repairers
95%
5%
Communications Equipment Operators, All Other
80%
20%
Desktop Publishers
24%
76%

Source: Lightcast

(Updated 04-23-2024)
Tech Employers

Involta Launches Tucson Internet Exchange for Cost Effective Connectivity

·       Involta, an award-winning data center infrastructure, hybrid IT and cloud-forward consulting firm, announces the launch of the Tucson Internet Exchange (TUSIX), located within the company’s state-of-the-art data center in Tucson, Arizona. TUSIX is a not-for-profit initiative dedicated to fostering local connectivity and collaboration among internet-related organizations in the Tucson region. This strategic hub enables businesses to peer and exchange their network traffic locally, resulting in several notable benefits. Operated by Involta, TUSIX represents a significant milestone in Involta’s infrastructure commitment to the region. Link to story >

Meta Teams up with SRP to Support Data Center with Clean Energy from New Solar and Battery Project

·      Meta announced its Mesa data center will soon be supported by new solar energy from Salt River Project (SRP) through a contract with a leading U.S. clean energy provider, Ørsted. Under the contract, Meta will receive the majority portion of the solar energy generated by Ørsted’s Eleven Mile Solar Center, a 300-MW solar farm and 300-MW, four-hour battery energy storage system currently under construction in Pinal County, Arizona. Once online in 2024, this will be the largest solar-plus-battery project on SRP’s power grid, and one of the largest battery energy storage systems built in a single phase in the U.S. The solar and stored energy not needed by the Meta data center will be available to SRP’s larger customer base. Link to story >

STEM Job Postings 5-Year Trend

Source: Lightcast

(Updated 04-23-2024)

Top 20 Companies Hiring Tech

CompanyLatest 30 Days Unique PostingsLatest 30 Days Unique Postings % ChangeLatest 30 Days # Postings ChangeMedian SalaryMedian Max SalaryDemand
Banner Health2,838
-4%
-113$91,520$108,2885.63
Marriott International1,265
-11%
-139$50,816$53,6325.62
Kroger1,036
28.7%
297$41,344$41,3444.1
Raytheon Technologies947
1.5%
14$66,816$85,2484.88
State of Arizona931
-2.7%
-25$54,912$56,4482.74
Albertsons823
10.1%
83$49,792$49,7923.58
Safeway674
2.7%
18$83,328$83,3283.34
Abrazo Health660
6.4%
42$75,008$89,8566.93
CVS Health636
-27.5%
-175$51,072$62,2086.02
Wells Fargo632
-11.7%
-74$174,848$206,5922.91
Walmart600
-56.8%
-341$44,672$54,1442.22
Arizona State University595
6.9%
41$54,272$57,8563.21
Honorhealth589
-3.4%
-20$46,592$48,6404.59
Hilton552
-10.1%
-56$35,456$35,4563.24
Andronico's Community Markets516
32%
165$83,200$83,2002.53
Great Clips494
-21.3%
-105$62,208$83,20016.65
CommonSpirit Health492
-8.1%
-40$84,224$91,9044.06
Amazon453
-14.6%
-66$50,048$50,0486.03
Bashas432
0.5%
2$36,480$37,7602.09
Walgreens Boots Alliance432
-7.4%
-32$39,936$43,52011.16

Source: Lightcast

(Updated 04-23-2024)

Top 20 Skills Trending in Software Job Postings

SkillLatest 30 Days Unique PostingsLatest 30 Days Unique Postings % ChangeLatest 30 Days # Postings ChangeMedian SalaryMedian Max SalaryDemand
Merchandising10,559
-0.2%
-24$36,480$37,5043.82
Project Management10,551
-6.9%
-731$94,080$105,3442.86
Marketing9,785
-5.5%
-542$66,944$75,1362.66
Nursing9,422
-11.3%
-1,061$88,448$100,2245.16
Auditing9,090
-5.1%
-466$62,080$66,9442.96
Restaurant Operation7,672
-5.7%
-440$35,968$37,5043.25
Selling Techniques7,366
-5.2%
-381$50,560$54,9123.39
Accounting7,093
-8.7%
-617$62,336$66,9442.86
Warehousing6,277
-6.2%
-388$39,808$41,6003.79
Workflow Management6,089
-7.5%
-456$73,600$85,3763.71
Effective Communication5,726
-3.5%
-198$54,400$60,0323.22
Finance5,640
-7%
-392$84,352$95,1042.87
Construction5,434
-7.8%
-426$70,016$79,2322.87
Billing5,276
-9.2%
-487$50,304$54,9123.21
Inventory Management5,255
-3.8%
-200$43,648$47,7443.4
Data Entry5,202
-7%
-364$42,624$45,4402.93
Housekeeping5,124
-6.4%
-326$37,504$38,5283.41
General Mathematics4,952
-4.3%
-214$38,528$40,3203.05
Process Improvement4,889
-5.7%
-280$80,256$90,4963.33
Medical Records4,829
-7.2%
-346$46,720$52,0963.54

Source: Lightcast

(Updated 04-23-2024)

Tech Job Postings by Educational Attainment

Source: Lightcast

(Updated 04-23-2024)

Tech Job Postings by Experience Level

Source: Lightcast

(Updated 04-23-2024)
Industry Clusters

Arizona Aerospace Cluster

Industry2023 Jobs2022 Average Earnings Per Worker2023 LQ (Industry Concentration)2018-2023 % Change in Jobs2022 GRP
Health Care and Social Assistance
492,003
$71,804
1
13.39%39505.58M
Government
453,542
$81,004
0.91
0.63%44319.06M
Retail Trade
422,907
$46,553
1.07
7.11%32588.58M
Accommodation and Food Services
324,385
$32,009
1.06
6.89%17165.8M
Administrative and Support and Waste Management and Remediation Services
322,570
$52,894
1.22
2.06%21153.64M
Finance and Insurance
315,026
$85,816
1.15
22.97%47425.86M
Professional, Scientific, and Technical Services
289,858
$82,797
0.88
15.19%28657.22M
Real Estate and Rental and Leasing
283,942
$53,918
1.12
28.5%21072.27M
Construction
279,863
$73,672
1.14
27.42%24179.67M
Transportation and Warehousing
249,852
$45,698
1.03
52.47%13712.56M
Other Services (except Public Administration)
224,324
$38,289
0.92
4.51%9252.24M
Manufacturing
210,153
$102,216
0.76
12.74%39386.37M
Wholesale Trade
130,072
$104,387
0.93
17.04%28508.82M
Educational Services
103,632
$49,139
1.02
15.84%5332.92M
Arts, Entertainment, and Recreation
88,566
$37,682
0.95
1.52%4395.01M
Information
69,402
$101,583
0.86
15.27%16747.24M
Management of Companies and Enterprises
55,853
$115,671
0.91
46.92%6638.93M
Agriculture, Forestry, Fishing and Hunting
43,548
$42,823
0.59
-9.09%2732.8M
Mining, Quarrying, and Oil and Gas Extraction
20,845
$89,981
0.96
3.92%7673.46M
Utilities
13,189
$151,878
1.05
3.09%7407.9M

Source: Lightcast

(Updated 04-23-2024)
Tech Educational Pipeline

ASU Announces Future Medical School to Be Located in Downtown Phoenix

·        Arizona State University President Michael M. Crow, joined by Phoenix Mayor Kate Gallego, today announced that the university’s headquarters for ASU Health, which includes a new medical school, will be built at a location to be determined in downtown Phoenix. ASU Health, which will address health-related outcomes for the citizens of Arizona, includes not only a school of medicine built around engineering, but also a School of Public Health Technology.

“We are very excited that all three of these things, the headquarters for ASU Health and two new schools, will be built in downtown Phoenix,” Crow said. “The citizens of Phoenix have been an important investor in higher education, science technology and medicine in downtown Phoenix. Link to story >

ACA Announces Expansion of UArizona Micro/Nano Fabrication Center in Tucson

·       The Arizona Commerce Authority (ACA) announced an expansion of the University of Arizona’s Micro/Nano Fabrication Center (MNFC) located in the University’s Department of Electrical & Computer Engineering building in Tucson, Arizona. The MNFC is a cleanroom facility which supports manufacturing and research efforts involving semiconductors, computer chips, optical devices and quantum computing systems. The Center is supported by an investment of $35.5 million from the Arizona Commerce Authority. The funding will also support the expansion of training and educational modules to ensure Arizona continues to grow its skilled workforce to meet industry demand. Link to story >

Degrees by Institution

Institution2022 Completions2009-2022 Trend
Grand Canyon University29,319
1.6K
29.3K
University of Phoenix-Arizona26,013
0K
26K
Arizona State University Campus Immersion20,988
10.2K
21K
Arizona State University Digital Immersion14,649
0K
14.6K
University of Arizona11,858
7.9K
11.9K
Northern Arizona University8,214
5.5K
8.2K
American InterContinental University4,536
0K
4.5K
Pima Community College4,307
4.8K
4.3K
Rio Salado College4,004
4.3K
4K
Mesa Community College3,788
2K
3.8K

Source: Lightcast

(Updated 04-23-2024)

Science and Engineering Degrees

As Percent of Total Degrees

Arizona
United States

National Science Foundation

(Updated 11-27-2023)

Bachelor's Degrees in Science and Engineering

Per 1,000 Individuals Ages 18-24

Arizona
United States

National Science Foundation

(Updated 11-27-2023)
Tech Industry Investment News

ACA Allocates $17.5M to ASU to Expand Semiconductor Research 

·       The Arizona Commerce Authority (ACA) announced a $17.5 million investment in Arizona State University (ASU) to expand Arizona’s advanced semiconductor manufacturing capabilities. The expansion will enhance Arizona’s fan-out wafer-level packaging R&D and workforce training capabilities and drive the creation of a GaN (gallium nitride) manufacturing and research ecosystem in the state to enable technology of the future. ASU will allocate the funding to purchase equipment to enhance the capabilities of ASU’s MacroTechnology Works (MTW) in Tempe. Link to story >

The Biden-Harris Administration Announces Nearly $64M for New Water Conservation Agreements 

·      The Biden-Harris administration announced $63.4 million in new investments as part of President Biden’s Investing in America agenda for water conservation, water efficiency, and protection of critical environmental resources in the Colorado River System. The investments, which will improve and protect the stability and sustainability of the Colorado River System now and into the future, are administered through the Lower Colorado River Basin System Conservation and Efficiency Program and funded by the Inflation Reduction Act, the largest climate investment in history. Link to story >