With origins in agriculture evolving to manufacturing and then high-tech, the business diversity in Phoenix include a wide array of industries including, financial, healthcare, and technology, and tourism.
Phoenix area is home to nearly 600 bank and credit union branches. From small local financial institutions to such international powerhouses as Chase, Wells Fargo, Wachovia and Bank of America. All of which are eager to do their part in helping launch and nurture incoming Phoenix-area businesses. American Express and JPMorgan Chase have a big presence, with several branch offices. Additionally, there are numerous brokerage firms of financial planners, wealth managers and other financial companies.
Phoenix is also home to several top healthcare systems. Scottsdales Health, Catholic Healthcare West and Banner Health are all based in Phoenix and serve as major employers. According to the Arizona Hospital and Healthcare Association, more than 73000 of the state’s citizens work in Arizona hospitals or health networks. In fact, since 1990 Arizona hospital employment growth has significantly outpaced the annual employment growth of hospitals nationally. During that time Arizona hospital employment soared 46 percent while hospital employment increased just 24 percent nationwide. Firthermore, every job at an Arizona hospital generates an additional 1.5 jobs in the state.
The Valley of the Sun also houses major data centers and technology companies. Top technology employers in Phoenix include Intel, Honeywell, Boeing and defense contractors.