Despite a challenging year caused by the spread of the COVID-19 virus, Arizona’s technology sector was able to rebound quickly and even outpace Q4 2019 in several significant growth metrics. The Arizona Technology Council’s latest quarterly Arizona Technology Industry Impact Report provides insight on the progress of the state’s tech sector. The new data shows a 29% increase in STEM job postings in December 2020 vs. December 2019 and a 4.3% growth in Arizona technology companies year-over-year.
The Arizona Technology Council released its latest quarterly Arizona Technology Industry Impact Report, providing valuable information on the progress of the state’s technology sector to its members, as well as business, economic development and government leaders. The new data shows a 29% increase in STEM job postings in December 2020 vs. December 2019 and a 4.3% growth in Arizona technology companies year-over-year.
Tech salaries in Phoenix grew 7.6% from 2019 to 2020, reaching an average of $95,514. This pacing landed Phoenix as 7th on the list of fastest growing tech salaries in the country. Last year the fastest growth came in Charlotte, North Carolina, which saw a 13.8% change, followed by Orlando, Florida (13.4%) and New York City (11.6%).
PADT, Inc. Co-founder and Principal Eric Miller discusses how taxes and regulations are, in fact, smaller contributors in regard to attracting out-of-state tech companies to Arizona. If we want to attract more technology companies to our state, we have to take a measured approach and put as much or more emphasis on those other factors.
AZTechBase plays a critical role in organizing data and industry insights gathered through the Council’s quarterly Arizona Technology Industry Impact Report to track the progress of companies, attract talent, and discover and connect with new companies and people.
The Arizona Technology Council released its latest quarterly Arizona Technology Industry Impact Report. Among other positive news, the data from the Q1 2020 report revealed a steady 3.45% growth in technology sector employment. A new Supply Chain Gap Analysis also revealed 76% of Arizona’s technology industry supply chain purchases—a $4.5 billion value—are sourced in-region.
The Arizona Technology Council held a virtual speaker series event with featured guest Tucson Mayor Regina Romero. Romero shared insight into the city’s economy, Tucson’s rapid tech growth, how this Southern Arizona city is rapidly becoming a hotbed for innovation in Arizona, and the collaboration with the University of Arizona, Tech Parks Arizona, Startup Tucson and Pima Community College.
The findings by Dice, a tech career hub, offer a glimpse into how businesses adjusted to the coronavirus pandemic onset and the rapid changes it brought, such as a mass movement from offices to telecommuting and an increase in e-commerce. As for changes between February and March, Arizona’s 6% bump put it at No. 6 on the state list and Phoenix’s 13% jump put it at No. 8 among U.S. cities.