Report on the Economic Impact of the Arizona Technology Sector Released by Arizona Technology Council | Business News

State Ranks Second in Employment Growth and Third in Industry Pay in

Technology Council today announced the release of the Arizona

Technology Council Industry Impact Report, which reveals a growing

technology workforce of 168,211 jobs, more than 8,000 technology

companies operating in the state, a pattern of innovation and an

engagement of diverse stakeholders. The report was commissioned by the

an organization that creates modern, web-based data-reporting solutions

designed to help cities, industries and planners drive effective policy,

create new growth and engage stakeholders.

“We have continued to see our local technology community grow and

flourish in recent years,” said Steven G. Zylstra, the Council’s

president and CEO. “Arizona is well-positioned to claim its place in the

national playing field of competitive technology markets. We hope this

report showcases not only the areas in which we are excelling but also

uncovers areas where we can focus attention to encourage improvement.”

Arizona’s technology community has a 1.38 percent employment growth,

ranking second in the Southwest and ahead of California. Currently,

computer systems design, semiconductor manufacturing, and aerospace

product and parts manufacturing represent roughly half of the annual

wage totals in the state of Arizona.

Highlights of the report also include:

  • The average annual technology industry wage in Arizona is more than
    $77,000, ranking third in the Southwest.
  • For every job in technology, there are 1.04 jobs that support jobs
    outside the sector such as human resources, accounting and sales.
  • Arizona’s technology industry contributed more than $32.5 million in
    total taxes in 2016.
  • There are 2,156 startups in Arizona listed on AngelList.
  • The average Arizona technology startup valuation is $3.9 million.
  • There were 2,741 patents awarded in Arizona in 2015.

The Arizona Technology Council advocates on behalf of its membership for

policies that propel success and sustainability. Recent Council

initiatives have contributed significantly to the state’s pro-technology

business climate, including the recapitalization of the Angel Investment

Tax Credit, the extension and continued expansion of the R&D Tax Credit

program until 2021, and the opposition of laws that may prohibit

members’ employees — local and foreign — to work safely in Arizona.

The Arizona Technology Report is based on eImpact’s analysis of data

from the U.S. Bureau of Labor Statistics, CompTIA, AngelList and others.

About the Arizona Technology Council

The Arizona Technology Council is Arizona’s premier trade association

for science and technology companies. Recognized as having a diverse

professional business community, Council members work towards furthering

the advancement of technology in Arizona through leadership, education,

legislation and social action. The Council offers numerous events,

educational forums and business conferences that bring together leaders,

visionaries and community members to make an impact on the technology

industry. These interactions contribute to the Council’s culture of

growing member businesses and transforming technology in Arizona. To

become a member or to learn more about the Arizona Technology Council,

Alec Robertson, 585-281-6399

Arizona Technology Council