Here’s the Arizona economic development forecast for 2023
As 2022 winds down, the Arizona economic development sector has much to celebrate in the way of wins. According to the Arizona Commerce Authority (ACA), the state ranked No. 3 for economic outlook — a 10-spot jump from No. 13 the prior year. With manufacturing and semiconductor development scores such as Kohler, KORE Power, Lucid, Intel and Taiwan Semiconductor Manufacturing Company (to name a few) as well as tremendous traction in autonomous vehicle manufacturing, and dottings of retail and hospitality activity across multiple areas of the Valley, it’s no wonder the state’s economy largely flourished in 2022.