Manufacturing boom drives record-breaking economic growth across Arizona

Article originally posted on Phoenix Business Journal on July 10, 2025

Economic development is booming across Arizona.

Companies across a variety of industries announced plans to invest over $31 billion in new projects, expected to bring a projected 24,285 new jobs within the fiscal year that ended June 30.

That’s according to the Arizona Commerce Authority, which works with local economic development agencies to bring new projects to cities across the state. Those figures are record-setting for the organization, which also saw higher wage growth than anticipated for those new employment opportunities – with average wages at $95,928.

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