Report: Strong Final Quarter for AZ in 2023
AZ Tech Council

Arizona Posts Strong 2023 Q4

The Arizona Technology Council published its Q4 2023 Arizona Technology Industry Impact Report, revealing that the state continues to lead the Southwest in technology job growth despite an overall decline in STEM job postings. Additionally, industry earnings hit $30.65 billion, marking a 9.8% increase over the past 12 months.

“The technology industry certainly had a bit of a downturn in 2023, but Arizona remains a standout among our peers as having a technology ecosystem where opportunities remain high,” said Steven G. Zylstra, president and CEO of the Council and SciTech Institute. “We’re also encouraged by the start of 2024, with significant investments from Intel and TSMC driving new business our way and a vibrant startup ecosystem accelerating innovation across sectors.”

In addition to Arizona having the top job increase in the Southwest—including Nevada, Utah, Texas and California—and the continued rise in tech earnings, a few additional data points stood out, including:

“We are very excited to be officially opening the Lithium Research Centre (LRC),” said Paul Lloyd, AZL Managing Director. “The facility has been operational for a period of time and has hosted government and industry leaders, who have all been very impressed with the personnel and operations at the LRC. We have been overwhelmed with the support of the Arizona government and our partner for the event, the ACA. We strongly believe the LRC is critical to the company in order to test and optimize our Lithium processing technologies and ultimately produce Lithium from both of our major projects, Prairie and Big Sandy, in the most economic and sustainable manner.”

  • Software developers led the way in total jobs in 2023 with 42,951. The next closest roles included computer user support specialists (24,699) and computer systems analysts (15,808).
  • Jobs in Arizona’s tech sectors reached 234,000, a 5.57% one-year gain.
  • More than 80% of tech job postings in the state required one to two or three to five years of experience, positioning Arizona as a great place for young technology professionals.
  • Gender diversity in tech remains a challenge. In 2023, 69.8% of the workforce was male vs 30.2% being female. The percentage for females was 0.4% higher in 2022.

In addition to the updated data on the Arizona technology industry, the Council also supplements its report with published works, blogs and interviews highlighting technology industry leaders in the state, news from organizations across a wide range of sectors in the technology community, and more.

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The Costco Business Center in Chandler has been under construction since Q3 2025 and will potentially be ready to open next month. #costco #costcobusinesscenter #metrophx #metrophoenix #chandleraz
Since 2015, there have been 142 expansions of European companies into Maricopa and Pinal counties, according to a new report from GPEC. These projects, consisting of 111 individual companies, have resulted in over $8.1 billion in investments and created about 15,000 jobs. #maricopacounty #pinalcounty #gpec #europeaninvestment #jobopportunity #metrophx #metrophoenix #silicondesert
A new Costco Business Center broke ground in late 2025 and has steadily moved through most phases of construction. The site at Alma School and Pecos (north of Loop 202) includes a 140,000 square foot building and 15-pump gas station. The opening date is expected to be late next month. #costcobusiness #chandleraz #wholesale #costco #metrophoenix #metrophx #businessmindset
Phoenix-based DarkPulse Inc. announced a new exclusive patent license agreement. The deal is with the Naval Air Warfare Center Weapons Division, part of the U.S. Department of the Navy. The agreement gives DarkPulse exclusive rights to key LADAR and sensing technologies. The agreement supports DarkPulse Inc.’s strategy to adopt and commercialize government-developed innovations. The company will embed these technologies into its engineering, installation, and security management solutions.
#ladar #silicondesert #phoenixaz #darkpulse #metrophoenix #metrophx
BNCCORP Inc. and its subsidiary BNC National Bank announced a definitive agreement to be acquired by OppFi Inc.. The deal includes cash and stock and values the transaction at about $130 million.

The merger combines two complementary, market-leading businesses. OppFi brings a strong digital lending platform. BNC adds a national bank charter and diversified banking infrastructure. Together, they will form a more scalable and diversified financial services company.

BNC National Bank operates as a community-focused commercial bank based in Glendale. It serves individuals and small to mid-sized businesses across Arizona and North Dakota. As of December 31, 2025, the bank reported about $1.1 billion in assets and $1.0 billion in deposits. Founded in 1987, BNC focuses on relationship-driven banking. It offers checking and savings accounts, consumer and commercial loans, wealth management, and digital banking. It also has strong expertise in business financing and SBA lending. #bncbank #oppfiinc #bncc #glendaleaz #metrophoenix
Phoenix-based Banner Health announced a major milestone on Monday. It completed more than 50 total artificial heart implant procedures—more than any center worldwide since 2022.

This achievement confirms its global leadership in artificial heart resources and technology. The system goes beyond patient care. It advises hospitals and device makers worldwide on patient selection, surgical procedures, and long-term management.

Banner Health now operates one of the busiest total artificial heart programs in the world. #bannerhealth #artificialheart #metrophx #silicondesert #bannerdesert
The Arizona Chamber of Commerce & Industry ( @azchamber ) announced the launch of the AZ AI Leadership Initiative. The objective of this coalition is to bring together industry experts, business leaders, and policymakers. They aim to strengthen Arizona’s role in next-generation technology, digital infrastructure, and workforce growth.

The initiative will advance smart tech policy. The goal is to strengthen the systems that power the digital economy. It will also keep Arizona’s regulations current as artificial intelligence and emerging technologies reshape industries statewide. #azchamber #silicondesert #commerce #metrophx #metrophoenix #innovation #digitaleconomy
GovCore Inc. has officially established its headquarters in Phoenix. The company provides software and compliance solutions for government licensing boards and regulatory agencies. The move marks a major step in the company’s continued expansion in the United States.

The new headquarters is located at 101 E. Washington Street in Downtown Phoenix. The office sits inside One Arizona Center. By choosing Phoenix, GovCore positions itself within one of the country’s fastest-growing technology and government services markets, while also gaining access to a strong talent pool and a rapidly expanding innovation ecosystem. #govcore #phxaz #metrophx #metrophoenix #dtphx #silicondesert #phoenixaz #compliance
The Costco Business Center in Chandler has been under construction since Q3 2025 and will potentially be ready to open next month. #costco #costcobusinesscenter #metrophx #metrophoenix #chandleraz
Since 2015, there have been 142 expansions of European companies into Maricopa and Pinal counties, according to a new report from GPEC. These projects, consisting of 111 individual companies, have resulted in over $8.1 billion in investments and created about 15,000 jobs. #maricopacounty #pinalcounty #gpec #europeaninvestment #jobopportunity #metrophx #metrophoenix #silicondesert
A new Costco Business Center broke ground in late 2025 and has steadily moved through most phases of construction. The site at Alma School and Pecos (north of Loop 202) includes a 140,000 square foot building and 15-pump gas station. The opening date is expected to be late next month. #costcobusiness #chandleraz #wholesale #costco #metrophoenix #metrophx #businessmindset
Phoenix-based DarkPulse Inc. announced a new exclusive patent license agreement. The deal is with the Naval Air Warfare Center Weapons Division, part of the U.S. Department of the Navy. The agreement gives DarkPulse exclusive rights to key LADAR and sensing technologies. The agreement supports DarkPulse Inc.’s strategy to adopt and commercialize government-developed innovations. The company will embed these technologies into its engineering, installation, and security management solutions.
#ladar #silicondesert #phoenixaz #darkpulse #metrophoenix #metrophx
BNCCORP Inc. and its subsidiary BNC National Bank announced a definitive agreement to be acquired by OppFi Inc.. The deal includes cash and stock and values the transaction at about $130 million.

The merger combines two complementary, market-leading businesses. OppFi brings a strong digital lending platform. BNC adds a national bank charter and diversified banking infrastructure. Together, they will form a more scalable and diversified financial services company.

BNC National Bank operates as a community-focused commercial bank based in Glendale. It serves individuals and small to mid-sized businesses across Arizona and North Dakota. As of December 31, 2025, the bank reported about $1.1 billion in assets and $1.0 billion in deposits. Founded in 1987, BNC focuses on relationship-driven banking. It offers checking and savings accounts, consumer and commercial loans, wealth management, and digital banking. It also has strong expertise in business financing and SBA lending. #bncbank #oppfiinc #bncc #glendaleaz #metrophoenix
Phoenix-based Banner Health announced a major milestone on Monday. It completed more than 50 total artificial heart implant procedures—more than any center worldwide since 2022.

This achievement confirms its global leadership in artificial heart resources and technology. The system goes beyond patient care. It advises hospitals and device makers worldwide on patient selection, surgical procedures, and long-term management.

Banner Health now operates one of the busiest total artificial heart programs in the world. #bannerhealth #artificialheart #metrophx #silicondesert #bannerdesert
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