Arizona Achieves Record Job Growth in FY25

Categories: Arizona Business NewsArizona State News

The vibrant cityscape of Arizona highlights the significant economic growth and job creation in FY25.

News Summary

In Fiscal Year 2025, Arizona experienced significant economic growth, creating 24,285 new jobs and generating over $31 billion in investments. The Arizona Commerce Authority exceeded its job and wage goals, marking a robust recovery and development phase for various communities including Phoenix and Tucson. Governor Katie Hobbs emphasized the importance of these job opportunities for economic health, showcasing a commitment to future workforce development and transparency in economic initiatives.

Arizona has reached new economic heights in Fiscal Year 2025 (FY25), establishing a record with the creation of 24,285 new jobs. The figures, announced by the Arizona Commerce Authority (ACA), highlight a robust commitment to job creation, reflecting significant investments and expansion across the state. This fiscal year ended on June 30, 2025, marking a pivotal moment in Arizona’s economic landscape.

During FY25, companies made commitments to invest over $31 billion in Arizona communities, which is a substantial contribution to local economies. The average wage for the newly created positions stands at $95,928, setting a record for the state. These achievements not only surpassed expectations but also indicated strong fiscal health and growth potential in various sectors.

The Arizona Commerce Authority reported that its outcomes for FY25 achieved 121% of the annual projected jobs goal. The agency also exceeded its wage goals by 162% and the projected capital investment target by 791%. This impressive performance underscores the state’s dynamic labor market and favorable business environment.

Several communities throughout Arizona are experiencing economic expansions, including Apache Junction, Avondale, Tucson, Prescott, and Phoenix. These advancements involve a wide range of initiatives focusing on workforce development, startup growth, support for small businesses, and enhancements to the supply chain, contributing to a more sustainable economic structure.

The ACA has prioritized a three-pronged strategy to bolster the economy. This includes attracting out-of-state companies, expanding existing businesses, and aiding entrepreneurs in establishing new ventures. This comprehensive approach has proven effective, with the ACA successfully securing 1,360 companies since 2011, which has led to the promise of over 312,000 quality jobs and an investment total of $194 billion.

Among the various sectors experiencing growth, high-tech industries have seen notable expansions which also support local suppliers and small businesses. This thriving ecosystem demonstrates Arizona’s commitment to fostering an environment where innovation and economic progress can flourish.

The commitment to job creation and economic growth reflects the collaborative effort between state governance and local development agencies. The ACA has made significant strides in providing an unparalleled business climate and facilitating a skilled workforce in Arizona.

Governor Katie Hobbs recognized the state’s ongoing investment in its workforce, highlighting how the expansion of job opportunities is vital for the community’s economic health. With continued efforts toward workforce development and comprehensive support for business initiatives, Arizona is positioning itself as a leader in the evolving economic landscape.

Moving forward, detailed plans for future economic initiatives are accessible to the public at azcommerce.com. This transparency is aimed at fostering community involvement and keeping stakeholders informed about the ongoing progress and upcoming opportunities in Arizona.