Arizona had 356% investment growth in five-year period, study reveals

Article originally posted on Phoenix Business Journal on July 18, 2025

A new study ranks all U.S. states by percentage increase in business investment growth, with Arizona ranked No. 36 in the country. The state experienced a 356% increase in investment growth between 2019 and 2024, from $2.91 billion to more than $13.27 billion.

That’s according to the study from BrokerChooser, an online platform that provides business investors with broker comparisons. The study reported a significant shift in the American investment landscape, with 96% of states experiencing a surge in investment growth over that period.

Among other Southwestern states in a regional ranking — including California, Colorado, Nevada, New Mexico, Texas and Utah — the Grand Canyon State ranked No. 3 after Nevada and Texas, which experienced 550% and 440% investment growth, respectively.

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