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

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

PHOENIX–(BUSINESS WIRE)–#aztechcouncil–The Arizona
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
Council and conducted by eImpact,
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.
The complete report is available on the Council’s website at http://aztc.economicimpact.report/reports/view/5ad129c04e7bec33008313af.

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,
please visit www.aztechcouncil.org.

Contacts

Media contact:
TechTHiNQ
Alec Robertson, 585-281-6399
alec.robertson@techthinq.com
or
Organization
contact:

Arizona Technology Council
Steven G. Zylstra,
602-422-9447
szylstra@aztechcouncil.org