AZTC
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2024 Q2
Arizona Technology Industry Impact Report

 

 

 

 

 

 

Q2 of 2024 brought continued steady growth very similar to Q1. Despite slowed growth from an impressive 2023, growth and energy continue to thrive, with job demand and security standing out as invaluable strengths.

  1. Job demand remains steady in Arizona after an impressive 2023.
  2. Steady, non-volatile growth is the name of the game, as nationwide volatility is high.
  3. Tech Jobs are projected to increase by 9% adding over 20 thousand tech jobs to the state.
  4. Unemployment is low in the tech space in Arizona, and the talent pipeline is also slightly below the national average, indicating a potential labor shortage.

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
224,195
Projected Growth (2023-2028)
9%
Tech Industry Earnings
$32.4B
from 2022-2023
+$4.0B in GRP

Intel awarded $8.5 billion in CHIPS Act grants; thousands of jobs slated for Arizona

The U.S. is awarding Intel with $8.5 billion in direct funding through the federal CHIPS Act to support the company’s semiconductor advanced packaging and manufacturing facilities in Arizona and three other states. Once loans and tax credits are considered, Intel (Nasdaq: INTC) could receive a package valued at more than $40 billion. All told, Intel’s federal award package could support 30,000 new direct jobs, including 3,000 manufacturing and 6,000 construction jobs in Arizona. As part of its broader workforce investment program, Intel has committed to providing discounted access to a network of child care providers and a primary child care reimbursement program for non-exempt employees. Link to story >

KOREPlex Site Plan Receives Key Approval, Project to Deliver a $1.25B Investment in Buckeye

The KOREPlex, which is central to KORE Power, inc.’s (KORE) plan to build an American lithium-ion battery supply chain, received a key approval in Q1 2024, when the City of Buckeye’s Planning and Zoning Commission unanimously approved plans for Phases 1 and 2 at the site. The plans for the first phase of the KOREPlex, which will produce batteries for the transportation and energy storage sectors, includes the construction of a 909,000-square-foot manufacturing hall, which will house operations for the production of lithium-ion cells and modules. The campus will also include a 28,000-square-foot administration building and 14 additional buildings that will offer storage and additional services for the facility. The construction of Phase 1, which will start this year following final approval by Buckeye’s City Council, will result in an estimated 700 jobs. When the site becomes operational, we expect it to create more than 1,250 jobs, the majority of which will be available to workers with a GED. Link to story >

Tech Job Growth Comparison

1-Year % Change in Jobs

Source: Lightcast

(Updated 10-10-2024)

Occupation Concentration

Profession2023 Jobs2023 Median Salary2023 LQ (Occupation Concentration)2018-2023 % Change in Jobs
Software Developer
41,961
$121,565
1.13
52.09%
Computer User Support Specialist
22,113
$59,624
1.38
10.23%
Computer and Information Systems Manager
15,062
$161,247
1.15
75.58%
Computer Systems Analyst
13,201
$98,612
1.14
-11.38%
Network and Computer Systems Administrator
6,670
$90,315
0.93
-17.29%
Network Architect
4,560
$116,309
1.23
41.02%
Architectural Manager
4,347
$165,998
0.98
18.88%
Computer Programmer
4,264
$83,298
1.12
-6.48%
Transportation and Logistics Manager
4,020
$88,500
0.82
32.76%
Software Quality Assurance Analyst
3,487
$97,466
0.84
71.78%
Telecommunications Installer
3,399
$68,831
0.79
-40.15%
Web Designer
2,538
$61,432
0.74
10.42%
Audio Visual Manager
2,371
$43,653
1.12
11.94%
Computer Hardware Engineer
2,185
$130,954
1.19
125.19%
Database Administrator
1,677
$106,268
1
5.81%
Avionics Technician
651
$68,536
0.77
-14.23%
Broadcast Technician
526
$49,849
0.66
5.3%
Desktop Publisher
258
$51,586
1
9.9%
Radio Communications Technician
228
$62,195
0.57
-47.59%

Source: Lightcast

(Updated 10-10-2024)
Diversity in Tech

NAU Graduate Asks: Where are all the women in tech?

While working as a software development project manager in Rio de Janeiro, Brazil, Bianca Trinkenreich was always one of few women in the room—and she often wondered why. When she came to Northern Arizona University as a Ph.D. student, she had the opportunity to search for answers. Trinkenreich joined assistant professor Igor Steinmacher’s Software Engineering Research Laboratory, where she investigated the hows and whys of women’s underrepresentation in the field of open-source software development.

“When I looked at the many types of people who were not participating in open-source software development, I found that the representation of women was especially low,” Trinkenreich said. “As a woman in tech, and as a mother with a daughter, I really wanted to understand why we’re not there and what we can do to encourage future generations of women to be there.” Link to story >

How Arizona brings STEM learning opportunities like Chief Science Officers to rural communities

Launched in 2015, the Arizona-grown Chief Science Officer program is run by the SciTech Institute, an initiative of the Arizona Commerce Authority and Arizona Technology Council. The program enhances and promotes the value and importance of STEM education, providing a blueprint for empowering sixth- through 12th-graders to be STEM ambassadors for their communities. Roughly 600 students in 12 states as well as more than 400 students in countries such as Kenya, Kuwait, and Mexico make up the program. In Arizona, CSOs help organize and run statewide activities for the annual SciTech Festival, a grassroots STEM collaboration of events and activities for all Arizonans. The festival is the country’s third-largest science celebration, with 900-plus partnering organizations hosting 3,000 events in more than 80 Arizona cities, towns, and communities since 2012. Link to story >

Occupation Demographics

Source: Lightcast

(Updated 10-10-2024)

Tech Employment by Race

Source: Lightcast

(Updated 10-10-2024)

Historical Gender Diversity in Tech Industry

% Male
% Female

Source: Lightcast

(Updated 10-10-2024)

Occupation Diversity by Gender

Occupation% Male% Female
Software Developers
79%
21%
Computer User Support Specialists
72%
28%
Computer and Information Systems Managers
70%
30%
Computer Systems Analysts
62%
38%
Network and Computer Systems Administrators
80%
20%
Computer Occupations, All Other
71%
29%
Computer Network Architects
87%
13%
Architectural and Engineering Managers
90%
10%
Information Security Analysts
80%
20%
Transportation, Storage, and Distribution Managers
77%
23%
Computer Programmers
77%
23%
Telecommunications Line Installers and Repairers
95%
5%
Software Quality Assurance Analysts and Testers
69%
31%
Telecommunications Equipment Installers and Repairers, Except Line Installers
90%
10%
Computer Network Support Specialists
72%
28%
Computer Hardware Engineers
86%
14%
Audio and Video Technicians
88%
12%
Web Developers
66%
34%
Computer, Automated Teller, and Office Machine Repairers
89%
11%
Web and Digital Interface Designers
62%
38%
Database Administrators
62%
38%
Audiovisual Equipment Installers and Repairers
96%
4%
Electrical and Electronics Repairers, Commercial and Industrial Equipment
89%
11%
Database Architects
64%
36%
Avionics Technicians
90%
10%
Natural Sciences Managers
50%
50%
Computer Numerically Controlled Tool Programmers
92%
8%
Computer and Information Research Scientists
74%
26%
Broadcast Technicians
88%
12%
Signal and Track Switch Repairers
95%
5%
Radio, Cellular, and Tower Equipment Installers and Repairers
91%
9%
Communications Equipment Operators, All Other
76%
24%
Desktop Publishers
24%
76%

Source: Lightcast

(Updated 10-10-2024)
Tech Employers

Lucid Motors, Arizona-based EV company, announces facility expansion, SUV

Lucid Motors, an Arizona-based EV company, announced a major facility expansion in Casa Grande and an SUV it describes as “the most advanced electric SUV in the world that’s ever been.” Just a few years after their first car came off the line, the facility expanded and Lucid announced its next move: an SUV. Lucid’s newest facility increases its square footage from 800,000 to nearly 4 million. Lucid is clear this isn’t the final expansion, and they want more in the future. Link to story >

Planatome Expands Manufacturing Operations in Arizona

Planatome, a medical device company that applies atomic-level polishing from the semiconductor industry to create advanced surgical blades that lead to better patient outcomes, today announced the plans for the development of a manufacturing plant in the greater Phoenix area and to more than double the size of its workforce over the next five years. The Arizona Commerce Authority will also support Planatome through the Arizona Manufacturing Extension Partnership (AZ MEP), which helps Arizona manufacturers achieve their business goals by connecting them to resources, including workforce solutions, supply chain optimization, and more. Link to story >

STEM Job Postings 5-Year Trend

Source: Lightcast

(Updated 10-10-2024)

Top 20 Companies Hiring Tech

CompanyLatest 30 Days Unique PostingsLatest 30 Days Unique Postings % Change
Raytheon Technologies258
-21.7%
Wells Fargo221
26.2%
TEKsystems179
44.1%
American Express161
-18.6%
Accenture133
5.3%
Canonical Group114
31.6%
General Dynamics96
7.3%
Honeywell International96
-34.4%
Deloitte93
-29%
Arinc International Of Canada Ulc83
22.9%
Amazon82
-25.6%
Marriott International71
-19.7%
PayPal69
24.6%
Blue Origin64
7.8%
Banner Health63
28.6%
State of Arizona62
16.1%
Western Alliance Bank57
22.8%
CVS Health55
20%
United States Department of the Treasury55
74.5%
Boeing50
-40%

Source: Lightcast

(Updated 10-10-2024)

Top 20 Skills Trending in Software Job Postings

SkillLatest 30 Days Unique PostingsLatest 30 Days Unique Postings % Change
Computer Science2,497
8.6%
Agile Methodology1,925
8.3%
Project Management1,842
5.9%
Automation1,662
11.4%
Python (Programming Language)1,494
11.6%
SQL (Programming Language)1,373
11.8%
Java (Programming Language)1,185
8.9%
Software Engineering1,162
7.2%
Software Development1,121
2.1%
Amazon Web Services1,056
16.4%
Microsoft Azure1,048
14.9%
Application Programming Interface (API)1,029
13.3%
Scalability1,006
8%
Workflow Management953
3.7%
Operating Systems937
9.5%
Auditing886
5.9%
Linux879
9.9%
JavaScript (Programming Language)878
11.8%
Technical Support873
10.4%
Scripting854
11.6%

Source: Lightcast

(Updated 10-10-2024)

Tech Job Postings by Educational Attainment

Source: Lightcast

(Updated 10-10-2024)

Tech Job Postings by Experience Level

Source: Lightcast

(Updated 10-10-2024)
Industry Clusters

Arizona Aerospace Cluster

Industry2023 Jobs2023 Average Earnings Per Worker2023 LQ (Industry Concentration)2018-2023 % Change in Jobs2023 GRP
Engineering Services
24,445
$116,747
0.95
25.66%
3492.46M
Guided Missile and Space Vehicle Manufacturing
16,448
$159,497
10.08
20.97%
2808.73M
Facilities Support Services
7,177
$62,379
1.73
25.39%
573.07M
Aircraft Manufacturing
5,906
$145,068
1.2
17.78%
2196.39M
Other Support Activities for Air Transportation
5,596
$91,349
1.81
3.88%
683.13M
Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
4,846
$114,859
0.4
65.92%
644.71M
Other Aircraft Parts and Auxiliary Equipment Manufacturing
4,618
$106,377
2.19
4.26%
872.95M
Aircraft Engine and Engine Parts Manufacturing
4,395
$145,688
2.47
-0.98%
1258.62M
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
3,658
$124,306
1.34
-32.31%
863.38M
Other Airport Operations
2,866
$46,353
1.14
34.6%
175.11M
Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing
836
$111,840
4.48
134.28%
111.44M
Hardware Manufacturing
134
$73,035
0.27
52.33%
14.33M
Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing
0
$0
0

Source: Lightcast

(Updated 10-10-2024)
Tech Educational Pipeline

U of A, NAU formalize agreement toward boosting Arizona’s semiconductor industry

As Arizona looks to help boost the national semiconductor manufacturing industry, a new agreement between the University of Arizona and Northern Arizona University will help the universities work as collaboratively as possible.

The agreement is the latest step for the new UArizona Center for Semiconductor Manufacturing, which launched in May. Specifically, the agreement, called a memorandum of understanding, formalizes a plan for the universities and industry partners to find ways to collaborate on research projects and academic partnerships related to semiconductor manufacturing. The agreement also encourages the universities to share research space and equipment and explore ways they can offer courses and professional development programs around the state to people working in the industry. Link to story >

ASU Business School Launches New AI Degree Program

Following ASU’s groundbreaking announcement of the first university collaboration with OpenAI, the W. P. Carey School of Business is officially launching a new degree program — the Master of Science in Artificial Intelligence in Business (MS-AIB). Backed by faculty from the Department of Information Systems, it is the first AI graduate degree program from a business school in the United States. The new W.P. Carey MS-AIB program incorporates an applied curriculum and career coaching to prepare graduates for success in emerging roles across industries. Taught by world-renowned faculty, the MS-AIB degree develops technical AI and professional skills needed to thrive in the constantly evolving landscape of technology and business. Link to story >

Degrees by Institution

Based on STEM CIP Codes

Institution2022 Completions2009-2022 Trend
Arizona State University Campus Immersion5,338
1.6K
5.3K
University of Arizona3,127
1.7K
3.1K
University of Phoenix-Arizona2,469
0K
2.5K
Arizona State University Digital Immersion1,728
0K
1.7K
Northern Arizona University1,335
0.4K
1.3K
Grand Canyon University1,126
0K
1.1K
Cochise County Community College District1,058
0.3K
1.1K
Refrigeration School Inc422
0.4K
0.4K
Mesa Community College359
0.1K
0.4K
Glendale Community College334
0.1K
0.3K

Source: Lightcast

(Updated 10-10-2024)

Science and Engineering Degrees

As Percent of Total Degrees

US
Arizona

National Science Foundation

(Updated 07-17-2024)

Bachelor's Degrees in Science and Engineering

Per 1,000 Individuals Ages 18-24

US
Arizona

National Science Foundation

(Updated 07-17-2024)
Tech Industry Investment News

TSMC set to receive $5 billion for Arizona fabs

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 >

Biden-Harris Administration Announces Over $40 Million Across Arizona for Clean School Buses as Part of the Investing in America Agenda

As part of its ongoing commitment to protecting children and improving air quality, today, the U.S. Environmental Protection Agency announced the selection of three applicants in Arizona to receive $40,090,898 through EPA’s first Clean School Bus Program Grants Competition. The awards, made possible through President Biden’s Investing in America agenda, will help selectees purchase clean school buses in 25 school districts across Arizona. By accelerating the transition to low- and zero-emission vehicles, these awards will improve air quality for children and their families and advance environmental justice while boosting the economy and creating good-paying jobs. Link to story >