10 Reasons Why More Global Businesses Are Moving to Arizona

The Grand Canyon State is quickly becoming an attractive destination for large-scale global businesses. With its warm climate and abundance of natural beauty, Arizona has a lot to offer — not just in terms of resources for businesses but also in terms of professional opportunities.

In recent years, the Grand Canyon State has witnessed a significant influx of large-scale corporations, drawn by numerous factors that make Arizona an ideal location for their operations.

Let’s explore 10 compelling reasons why some of the largest corporations are choosing to call Arizona home. We’ll also look into some of the top multinational corporations that have established themselves here and outline what makes them great employers.

Why Global Companies Are Calling AZ Their Home: 10 Reasons

Arizona is the perfect place for businesses looking to establish a strong presence and access a wide range of resources. Some of the biggest institutions set up shop in AZ for the following reasons:

Business-Friendly Environment

Arizona has cultivated a business-friendly environment, offering favorable tax policies, streamlined regulations, and incentives for companies to establish their operations. The state offers tax incentives that can lower costs and provides other benefits like access to public resources and free trade agreements with multiple countries. Its dedication to promoting economic growth and offering a business-friendly environment is what attracts numerous global corporations looking to expand their presence.

Strategic Location

Situated in the southwestern region of the United States, Arizona serves as a strategic gateway to both domestic and international markets. Its proximity to major cities such as Los Angeles and Phoenix, as well as its accessibility to Latin American markets, makes Arizona an attractive choice for companies seeking to expand their global reach.

Skilled Workforce

Arizona boasts a talented and diverse workforce with a strong emphasis on education and innovation. The state is home to several renowned universities and colleges, ensuring a steady supply of skilled professionals in various fields. Arizona State University, for example, is the largest public university in the United States by enrollment and offers some of the best programs across all disciplines. Global businesses moving to Arizona can tap into this pool of talent and expertise to drive their growth and innovation.

Collaborative Business Ecosystem

Arizona has a business environment that promotes collaboration and offers various opportunities for networking among different industries. The state has research centers, technology parks, and innovation hubs that encourage the sharing of knowledge and collaboration among businesses. This collaborative environment spurs innovation and allows companies to find opportunities for synergy.

Quality of Life

With its breathtaking natural landscapes, vibrant cultural scene, and lower cost of living, Arizona offers an exceptional quality of life for employees. The state’s warm climate, abundant outdoor recreational activities, and diverse communities make it an attractive destination for professionals seeking a balanced and fulfilling lifestyle.

Infrastructure and Connectivity

With its modern infrastructure and excellent connectivity, Arizona provides a smooth operational experience for global businesses. The state has a well-established transportation network comprising an extensive highway system, international airports, and rail links that support the efficient movement of goods and people. Furthermore, Arizona’s strong telecommunications infrastructure facilitates high-speed connectivity, which is crucial in today’s global business environment.

Renewable Energy Potential

Arizona’s renewable energy production is significant due to its favorable conditions for solar and wind farms, as the state has abundant sunshine and vast open spaces. Because of this, many global corporations find Arizona’s sustainable energy ecosystem appealing as it aligns with their aim of reducing their carbon footprint and practicing environmentally conscious operations. By focusing on clean energy, Arizona is joining the worldwide movement to adopt sustainable practices.

Cultural Diversity

Arizona’s diverse population comprises various ethnicities and backgrounds, creating a rich cultural heritage. This multicultural environment promotes inclusivity and allows global businesses to connect with a broad customer base. Companies relocating to Arizona can gain valuable insights and perspectives from this cultural diversity, which can contribute to their success in the global marketplace.

Research and Development Opportunities

Arizona has world-class research institutions and advanced research facilities that offer numerous opportunities for collaboration and innovation to global businesses. Establishing a presence in Arizona helps companies take advantage of these resources to boost their research and development efforts, driving their growth and competitiveness.

Supportive Government Initiatives

The Arizona state government has taken measures to boost economic growth by introducing programs such as grants, tax credits, and other incentives. These efforts are targeted to attract international businesses and promote a favorable business environment. Additionally, the government is dedicated to supporting entrepreneurship and innovation, making Arizona an attractive location for global corporations.

Arizona’s appeal as a destination for global businesses continues to rise, driven by a combination of factors ranging from a business-friendly environment and strategic location to a skilled workforce and supportive government initiatives. The state’s diverse industries and collaborative business ecosystem provide an ideal setting for large-scale corporations to thrive and grow.

Let’s look at some of the top Arizona-based international organizations.

Top 7 Global Corporations in Arizona You’d Love Working For

The following global firms have a strategic presence in Arizona.

Intel Corporation

With a huge office in Chandler, Arizona, Intel Corporation is a global leader in semiconductor manufacturing and technology innovation. With over 110,000 employees worldwide, the company is known for its cutting-edge processors and advanced technologies. Working for Intel offers numerous benefits, including a culture of innovation, professional development opportunities, competitive compensation, and a commitment to sustainability.

Raytheon Technologies

Raytheon Technologies, headquartered in Tucson, Arizona, is a multinational aerospace and defense company. With a global presence and over 195,000 employees, Raytheon specializes in advanced technologies for defense, civil government, and cybersecurity. Joining the company provides opportunities to work on groundbreaking projects, contribute to national security, and be part of a diverse and inclusive workforce.

Republic Services

Republic Services, based in Phoenix, Arizona, is a Fortune 500 waste management company. Republic Services offers waste and recycling solutions to residential, commercial, and industrial customers throughout the US. Working for them provides job security, competitive benefits, and a chance to contribute to sustainable waste management practices and help the environment.

Axon

Axon, headquartered in Scottsdale, Arizona, is the global leader in connected public safety technologies. The company creates products and services that help improve public safety, such as body cameras, cloud-based evidence management systems and virtual reality training. Working for Axon means getting the chance to help make communities safer and use new technologies to create positive changes.

Habitat for Humanity

Habitat for Humanity in Phoenix is a global nonprofit organization dedicated to building affordable housing and empowering communities. It operates in more than 70 countries and depends on the help of employees and volunteers to achieve its goal. Joining Habitat for Humanity as a worker offers the opportunity to have a real impact on people’s lives by providing secure and adequate housing for individuals and families.

Desert Financial Credit Union

Desert Financial Credit Union, headquartered in Phoenix, Arizona, is one of the largest credit unions in Arizona. As a member-owned financial institution, DFCU offers a range of financial services, including banking, lending, and investment solutions. Joining Desert Financial Credit Union can provide you with opportunities to work in a collaborative and member-focused environment. The credit union values the input and needs of its members and strives to deliver exceptional service and support.

Vanguard

Vanguard, a distinguished investment management company, has a notable presence in Arizona, despite not being based in the state. Its main office is located in Scottsdale, which is the largest office the company has in the region. This decision to establish a substantial presence in AZ showcases the state’s attractiveness as a center for financial services. The Scottsdale office serves as a vital operational center, providing support in areas such as technology, client services, operations, and investment management. Working for Vanguard provides employees with opportunities to contribute to the company’s client-centric culture, pursue professional growth, and enjoy a healthy work-life balance.

These and more companies make up the global presence of corporations based in AZ. Working for these global institutions provides an exciting career opportunity to be part of a large-scale organization with a diverse workforce and great benefits.If you’re looking for a job at one of these global businesses in Arizona or even in some of the best companies in the state, check out the hiring opportunities listed by BestCompaniesAZ partners.

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