Private sector businesses in Arizona promised to create a record number of jobs over the next five years, according to the Arizona Commerce Authority (ACA).
During fiscal year 2019, the ACA said it worked with 105 companies that committed to creating 24,422 new jobs for Arizona residents in the years ahead. The goal was 16,000 new jobs. The business promises also come with $2.6 billion in promised investments over the next five years.
Those jobs will come into the state with a median average salary of $66,000. According to 2017 data, the most recent numbers available, the median salary in the state is just over $56,000.
“Companies from all over the world have discovered that there’s no better place than Arizona to expand or scale a business," Gov. Doug Ducey said in a news release. "As a result, Arizona has become a jobs juggernaut and our economy is booming. I’d like to thank the hard-working entrepreneurs and employees for their investments and commitments to our communities, and I’d also like to thank Sandra Watson and her team at the Arizona Commerce Authority for all their efforts.”
The ACA was founded in 2011.
“I’m very proud that we had yet another record-breaking year, evidence that Arizona’s unique value proposition continues to resonate with business decision-makers worldwide,” Watson, president and CEO of the authority, said in the same governor’s office release.