Arizona

#28of 5154C+

Above: Minnesota (55). Below: Georgia (53).

Pillar by pillar

Starting up

How many businesses get founded here, and what the state takes in tax.

77+22 vs median

Business applications per 1,000 residents1.978 percentile among the 51 jurisdictionsU.S. Census Bureau
State tax collected per resident$3,51376 percentile among the 51 jurisdictionsU.S. Census Bureau, Annual Survey of State Government Tax Collections

Population health

One comparable public-health read, asked the same way of every state.

45-5 vs median

Adult obesity, 202433.3%57 percentile among the 51 jurisdictionsCDC, Behavioral Risk Factor Surveillance System
Firearm-injury deaths per 100,000 (crude)17.932 percentile among the 51 jurisdictionsCDC NCIPC, CDC NCIPC 2024

Productive base

Output per worker and how much of the job base is manufacturing.

36-15 vs median

Output per worker$161,23744 percentile among the 51 jurisdictionsU.S. Bureau of Economic Analysis
Manufacturing share of jobs5.8%27 percentile among the 51 jurisdictionsU.S. Bureau of Labor Statistics

Labour market

How tight the market is, and which way it moved last month.

37-12 vs median

Unemployment rate4.9%12 percentile among the 51 jurisdictionsU.S. Bureau of Labor Statistics
Employment change, latest month+0.07%62 percentile among the 51 jurisdictionsU.S. Bureau of Labor Statistics

Prosperity

What the average person in the state actually earns.

37-15 vs median

Per-capita personal income$68,28330 percentile among the 51 jurisdictionsU.S. Bureau of Economic Analysis
Adults 25+ with a bachelor's degree or higher34.7%44 percentile among the 51 jurisdictionsU.S. Census Bureau, ACS 2024 1-year

Housing permits and prices

Housing units authorised per 1,000 workers, and what housing costs. It counts permits issued, not buildings finished, and says nothing about industrial or infrastructure approvals.

58+0 vs median

Housing units authorised per 1,000 workers0.974 percentile among the 51 jurisdictionsU.S. Census Bureau
House price index (FHFA)731.242 percentile among the 51 jurisdictionsFederal Housing Finance Agency

Fiscal standing

How Moody’s rates the state as a borrower: on its general-obligation bonds or, where it has none, as an issuer.

92+0 vs median

Credit ratingAa1 · Stable92 percentile among the 51 jurisdictionsMoody's, indicative 2025

Openness

Whether the state publishes in a form a machine can read: an open-data portal that answers; incentive, permit and finance records as data; and newsroom feeds.

53+2 vs median

Open-data portal answers an APIYes · azgeo-open-data-agic.hub.arcgis.com100 percentile among the 51 jurisdictionsCEFA probe, 2026-09
Incentive, permit & finance datasets158 percentile among the 51 jurisdictionsCEFA discovery, 2026-09
Government or agency newsroom feeds10 percentile among the 51 jurisdictionsCEFA probe, 2026-09

Arizona highlighted. The map is for orientation — the numbers beside it are the reading.

Tax structure

Census Bureau, Annual Survey of State Government Tax Collections. Where a state levies no such tax the survey records it, and so does this.

Individual income tax: Levied
Corporate income tax: Levied

Credit rating

Long-term general-obligation ratings, or issuer credit where the state carries no GO debt. Indicative as of 2025 and entered by hand, not fetched live. This is the one figure on the page that is an opinion rather than a measurement, and it is the one to verify against current agency reports before relying on it. The Fiscal pillar above scores Arizona on Moody’s alone, which keeps the mapping from rating to score auditable; S&P and Fitch are printed for context and carry no weight in the index.

Moody’s: Aa1
S&P: AA
Fitch: AA+
Outlook: Stable

Compare

Each comparison opens on the pillars where the two states differ most.

The full ranking This week in Arizona Who is arriving and leaving What Arizona is distinctive for

Industrial project records

Companies in Arizona named in a research file of 60 curated records, compiled October 1, 2026. Each carries the status that file gives it. None is an Applied America project. Most are foreign-owned; U.S. operators appear where the research names them as counterparties. It is not a census, and amounts are announcement scopes that are never added together.

9 records · 7 documented projects · 1 announced investment · 1 status uncertain

Faraday CopperDocumented project
Canada · Copper mining / processing · Copper Creek / San Manuel
Arizona — Development / acquisition agreement
Definitive agreement announced to acquire BHP's San Manuel property.
Acquisition closing not verified; distinguish agreement from completed transaction. Contact deliverability and investment authority unverified. No open site-selection mandate confirmed.
2026-07-02Source
Hudbay MineralsDocumented project
Canada · Copper mining / processing · Copper World; Cactus
Arizona — Feasibility / investment decision preparation
Copper World feasibility work advancing; Cactus added through completed Arizona Sonoran acquisition.
Target sanction decision for Copper World late 2026; Mitsubishi JV partner. Arizona Sonoran is no longer an independent target. Contact deliverability and investment authority unverified. No open site-selection mandate confirmed.
2026-06-24Source
MetsoDocumented project
Finland · Mining / mineral processing equipment · Mesa service and training center
Mesa, Arizona — Opened
EUR 17 million center inaugurated for mining equipment service and training.
Completed project; future expansion intent not established. Contact deliverability and investment authority unverified. No open site-selection mandate confirmed.
2026-05-29Source
South32Documented project
Australia · Zinc / lead / silver mining · Hermosa / Taylor
Arizona — Mine development
Hermosa project update reports progress and higher development costs.
Fixed mine location. Reconfirm revised capital budget and contractor packages. Contact deliverability and investment authority unverified. No open site-selection mandate confirmed.
2026-04-30Source
BHPDocumented project
Australia · Copper mining · Resolution Copper
Superior, Arizona — Development / land exchange
Company reports completion of federal land exchange for Resolution.
Shared project with Rio Tinto; do not double-count capital or projects. Contact deliverability and investment authority unverified. No open site-selection mandate confirmed.
2026-03-17SourceResolution Copper — counted once as a project
Rio TintoDocumented project
United Kingdom / Australia · Copper mining · Resolution Copper
Superior, Arizona — Development / land exchange
Federal land exchange completed; project remains in development.
Shared project with BHP; land exchange does not establish an operating mine or completion of all approvals. Contact deliverability and investment authority unverified. No open site-selection mandate confirmed.
2026-03-16SourceResolution Copper — counted once as a project
Taseko MinesDocumented project
Canada · Copper extraction / processing · Florence Copper
Florence, Arizona — Production ramp-up
Company presentation reports first production in February 2026.
Operating/ramp-up opportunity; new location search not established. Contact deliverability and investment authority unverified. No open site-selection mandate confirmed.
2026Source
TSMCAnnounced investment
Taiwan · Semiconductors
Arizona — Arizona expansion; location selected
Additional $100bn planned; total U.S. investment expected at $165bn
Announced scope: 100bn additional; 165bn total planned
2025-03-04Source
Arizona Sonoran CopperStatus uncertain
Canada · Copper mining · Cactus, Arizona
Cactus, Arizona — Consolidated into Hudbay
Hudbay reports acquisition completion; included under Hudbay rather than counted as an independent investor.
Avoid duplicate organization and project counts.
2026-06-24Source