New report format provides industry growth data underpinned by insight from Arizona tech executives
The Arizona Technology Council released its latest quarterly Arizona Technology Industry Impact Report to keep its constituents informed on the progress of Arizona’s technology community and put a face to the industry’s success stories, The new report features video interviews with technology leaders across Arizona’s major technology sectors in addition to the data on the industry’s growth. Q2 highlights can be found in the Council’s Impact Report infographic here.
“I am thrilled to share with you this new version of our quarterly Arizona Technology Industry Impact Report,” said Steven G. Zylstra, president and CEO of the Council. “In partnership with Castelazo Content, we’ve added an additional layer to the data dashboard: stories of the people behind the numbers. These are the employers and employees, the innovators and investors—the people—who make the technology industry in our state flourish.”
Significant data points in the latest report include 198,821 technology jobs in Arizona (up 0.9% over Q1), a rise in technology wages to $21.75 billion (up 4.08% over Q1) and a technology jobs multiplier of 2.52, meaning 252 new jobs were created in other industries for every 100 technology positions added.
Additional findings of the Q2 2020 report include:
- Technology job growth reached 3.09% in the past year.
- Arizona hosts 9,563 technology companies.
- $863 million in venture capital was invested in Arizona companies in 2019.
- 33% of Arizona technology jobs were held by women.
- The report also highlighted the top five Arizona technology industry sectors by employment:
- Computer systems design & related services
- Aerospace product & parts manufacturing
- Semiconductor & other electronic component manufacturing
- Data processing, hosting & related services
Underpinning this data are multiple video interviews with Arizona technology industry leaders from a wide spectrum including edtech, fintech, software, space, and the entrepreneurial and investment ecosystems. Each leader was asked to share stories regarding personal and company growth, as well as the impact the Arizona technology support system has had on his or her business. Insight, analysis and advice from the interviews are featured in the Q2 report.
Featured Arizona technology leaders include:
- Grant Anderson, president and CEO, Paragon Space Development Program
- Leib Bolel, president and CEO, Arizona Israel Technology Alliance
- Wes Hummel, vice president, Site Reliability Engineering, PayPal
- Chris Ronzio, founder and CEO, Trainual
- Calline Sanchez, vice president, Arizona & New Mexico state leader, IBM
- Greg Scoresby, founder and CEO, CampusLogic
- Jason Yankovitz, area operations manager, Salute Mission Critical
During his interview, Scoresby described one of the key benefits of Arizona’s technology community – the people. “I like the people here and I like the local tech community in particular,” said Scoresby. “One of the words that’s been used to describe the community is generous, and I think that’s true. There’s a real spirit of generosity and camaraderie. People that come from other places are surprised how open and accessible other people and companies are. I love that aspect.”
On the Council’s behalf, the quarterly report is compiled by eImpact, an organization that creates web-based, data-reporting solutions designed to help cities, industries and planners drive effective policy, create new growth and engage stakeholders. The report is based on eImpact’s analysis of data from the U.S. Bureau of Labor Statistics, CompTIA, AngelList and others. Molly Castelazo, CEO and chief content strategist of Castelazo Content, has also partnered with the Arizona Technology Council to organize and develop the executive interviews, in addition to updating the report design and creating infographics.
Download or view the complete report on the Arizona Technology Council website here. The report can also be found on www.aztechbase.com, a new online platform launched by the Arizona Technology Council in partnership with the Arizona Commerce Authority that provides a comprehensive listing of companies, people and investors in Arizona’s technology industry.
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.