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Arizona Posts Strong Final Quarter of 2023 in Council's Technology Industry Impact Report
EntSun News/11024927
State Leads the Southwest in Tech Job Growth. Earnings Jump 9.8% over 12-Month Period
PHOENIX - EntSun -- The Arizona Technology Council has released its Q4 2023 Arizona Technology Industry Impact Report, which finds that Arizona still leads the Southwest states in technology job growth despite a down year in STEM job postings overall. In addition, industry earnings across Arizona reached $30.65 billion, a 12-month earnings increase of 9.8%.
"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:
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Highlights from the Q4 2023 Impact Report include the following stories:
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Company News
Workforce Development and Education News
Investment News – Funded, Grants, etc.
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Download or view the complete report on the Council's website here (https://aztc.eimpactv3.com/dashboards/6/techimp...).
"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:
- 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.
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Download or view the complete report on the Council's website here (https://aztc.eimpactv3.com/dashboards/6/techimp...).
Source: Arizona Technology Council
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