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Arizona benefits from low business cost, tax credits and incentive programs designed to increase access to capital and minimize regulation. The state offers one of the lowest labor costs in the Western U.S. as a right-to-work state with low unionization. In addition, Arizona’s business operating costs are approximately 40% lower than California making it an attractive value proposition for companies across all industry sectors to operate.
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advanced business services
​The Phoenix metropolitan area is in the Top 10 nationally for financial services employment.Business schools within the state are consistently ranked among America’s top ten, offering leading programs in areas such as Supply Chain Management, Entrepreneurship, and Information Systems and Technology.
 
In addition, Phoenix metropolitan area includes one of the top 5 regional fiber optic deployments in the US with more than 156,000 miles of fiber optic network capacity. And Phoenix Sky Harbor Airport has over 2,000 direct flights with daily service to approximately 85 U.S. cities and 20 international cities in Europe, Canada, Mexico and Latin America. 

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computer data centers
​Arizona is home to more than 50 major data centers representing both colocation and enterprise facilities. Some of the world’s largest corporations such as eBay/PayPal, GoDaddy, American Express, IO and Aligned Energy have built mission critical facilities within APS territory.
The state’s low-risk profile for tornados, earthquakes and other natural disasters, in addition to competitive electric rates and top-quartile reliability help create the ideal atmosphere for these types of facilities to operate efficiently. In addition, a diverse, 50% carbon free fuel mix offers greater reliability and allows a larger energy generation portfolio coming from renewable sources.
 

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​manufacturing
Arizona's manufacturing sector's output is at its highest level in recorded history according to the Bureau of Economic Analysis. Over 80% of Arizona's $22.6 billion in exports for 2015 were manufactured goods with a total manufacturing output for 2014 at $23.12 billion. This accounts for approximately 9 percent of Arizona's Real GDP.
 
The largest sectors for manufactured goods include: electrical machinery, aircraft, spacecraft, machinery, and optics. In addition, the state ranks fourth in the nation for semiconductor employment and second in the nation for space & defense manufacturing employment.
 
The state has direct access to millions of customers within a one day drive or less, including the U.S. Mexico border and the world’s 8th largest economy, California.
 

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​aviation & defense
A 2015 study by the International Trade Administration revealed that Arizona's aerospace and defense total exports rose by more than 21.8% from 2011 to 2014, reaching a $3.47 billion total. The increase was primarily due to a near $400 million increase in aircraft, engines and parts exports. This is a result of long-established organizations such as Boeing, Cessna, MD Helicopter and Honeywell calling Arizona home.  
Four major research institutions in the state help drive industry activity in the private sector: Arizona State University, Embry Riddle University (home of the nation's highest-ranked aerospace engineering program among non-doctoral program schools, according to U.S. News & World Report), Northern Arizona University and the University of Arizona.
 
In addition, the second largest military installation in the world resides in the southwest corner of the state. The U.S. Army Yuma Proving Ground is the nation’s premier ground and weapons testing facility capable of testing all series of Unmanned Aerial Systems (UAS) and has the distinguished title of logging more air flying time than other location in the world.

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bio sciences & health services
Arizona’s bioscience and health services industries benefit from solid relationships with major institutions, hospitals, private firms and public universities. CNBC ranks the state second nationwide in availability of skilled workforce with biomedical jobs growing three times faster than the national average and academic research and development expenditures in life sciences, bioengineering and medical engineering in Arizona totaling more than $383 million in fiscal year 2014. 
 
Arizona’s hospital and clinical care providers serve a population of more than 6.5 million people and health care employers are growing faster than their national counterparts. In 2015 health care employers in Arizona added more than 11,000 jobs, a rate of 3.4 percent vs. 3.2 percent of health care employers nationwide.
 
The state is home to prestigious research and treatment facilities include the Translational Genomics Research Institute (TGen), the Mayo Clinic, the Barrow Neurological Institute, Banner M.D. Anderson Cancer Center and the University of Arizona Cancer Center.​ 
 
 
 

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