Phoenix AZ, December 8, 2025

Arizona’s economic landscape is thriving, with significant employers across various sectors, particularly in healthcare, retail, and technology. Leading the pack is Banner Health, employing over 46,000 individuals, followed by Walmart and Amazon. The growth in these sectors underscores Arizona’s resilience and commitment to job creation, with large corporations contributing to both local economies and community well-being. This report highlights the vital roles these employers play in fostering innovation and sustaining economic development in the region.

The 20 Biggest Employers in Arizona

Phoenix, AZ – As of December 2025, Arizona boasts a diverse economic landscape characterized by the presence of significant employers across various sectors. Understanding the largest employers not only highlights the job opportunities in our vibrant state but also underscores the entrepreneurial spirit and innovation prevalent among Arizona businesses. With remarkable contributions from healthcare, retail, and technology industries, these companies collectively underscore the resilience and growth of Arizona’s economy.

The dominance of healthcare providers reflects a growing concern for community wellness, while retail giants empower local consumption and convenience. Moreover, the increasing workforce in technology sectors signifies Arizona’s pivot towards modern economic trends. This amalgamation of industries showcases how limited regulation and supportive policies have facilitated job growth, fostering an environment ripe for entrepreneurial success.

Top Employers in Arizona: A Closer Look

Delving deeper into the largest employers, we see that Banner Health stands out as the state’s largest employer, with 46,731 employees dedicated to enhancing healthcare services across Arizona. Following closely is Walmart, employing 37,979, showcasing the significance of retail workforces in our economy. Another giant, Amazon, with its 36,000 employees, reflects the impact of online retailing on job creation.

The grocery sector is represented prominently by Kroger Co. and Albertsons Cos., employing 19,920 and 14,275 individuals respectively. This highlights the essential role that grocery stores play in both local economies and community sustenance. Furthermore, healthcare institutions like HonorHealth and Dignity Health follow closely behind, employing 17,053 and 14,667 workers respectively, indicating a robust health services network that serves Arizona’s growing population.

Sector Insights and Trends

The employment figures reveal a clear trend: healthcare and retail are not just the largest sectors but also the fastest-growing ones in Arizona due to constant demand. Arizona’s commitment to healthcare is further demonstrated through other significant players like Mayo Clinic and Tenet Healthcare, collectively employing thousands in vital health services.

In addition to healthcare and retail, the technology sector is gaining momentum. With companies like Intel employing 9,400 and Raytheon with 12,500, Arizona is positioning itself as a central player in innovation and technology services, welcoming both investments and skilled labor to fuel further economic development.

The Local Business Ecosystem

These large employers not only provide jobs but also create a ripple effect within local communities, supporting small businesses through partnerships, supply chains, and property investments. Successful local entrepreneurs often emerge from the foundation that large companies establish, further stimulating economic resilience in Phoenix and across Arizona.

Moreover, the growth of national chains such as Home Depot, Target, and McDonald’s illustrates another layer of consumer choice and service availability, amplifying local economies without imposing heavily on local regulations. Overall, this environment encourages innovation, drives competition, and helps aspiring businesses thrive.

Contributions to Economic Development

As Arizona continues to forge a path toward economic advancement, the interplay between large corporations and small businesses proves essential. Job creation from major employers fosters a sense of community, while their commitment to corporate responsibility enhances local investments.

Engagement from these firms often leads to substantial local contributions through community initiatives and charitable supports which uplift neighborhoods and enhance the quality of life. Their presence undoubtedly shapes Phoenix’s identity as a thriving economic hub.

Conclusion

In conclusion, the detailed look into Arizona’s largest employers reveals a multifaceted economic environment driven by growth in healthcare, retail, and technology sectors. These organizations provide not just jobs but also stimulate a wider economic ecosystem characterized by entrepreneurial innovation and community support. As Phoenix continues to evolve, engaging with and supporting these businesses remains vital for a prosperous local economy. Residents are encouraged to stay informed about local business developments and support their community for continued growth.

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Author: STAFF HERE PHOENIX WRITER

The PHOENIX STAFF WRITER represents the experienced team at HEREPhoenix.com, your go-to source for actionable local news and information in Phoenix, Maricopa County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Waste Management Phoenix Open, Cactus League Spring Training, and Arizona State Fair. Our coverage extends to key organizations like the Greater Phoenix Chamber of Commerce and Visit Phoenix, plus leading businesses in technology and healthcare that power the local economy such as Intel and Banner Health. As part of the broader HERE network, including HERETucson.com, we provide comprehensive, credible insights into Arizona's dynamic landscape.