Arizona Economy Booms with $44.4B in Exports and 24,000 Tech Jobs in 2025 cover art

Arizona Economy Booms with $44.4B in Exports and 24,000 Tech Jobs in 2025

Arizona Economy Booms with $44.4B in Exports and 24,000 Tech Jobs in 2025

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 Arizona's economy continues to surge with record-breaking trade figures and significant infrastructure investments reshaping the state. Arizona companies exported 44.4 billion dollars in goods in 2025, representing a 37 percent increase over the prior year according to recent trade data[11]. The state's technology sector alone generated approximately 5 billion dollars in regional economic activity and added more than 24,000 jobs in fiscal year 2025 with average wages exceeding 95,000 dollars annually[7].

In major political developments, the Arizona Supreme Court struck down President Donald Trump's global tariffs in a significant blow to his economic agenda[1]. Governor Katie Hobbs continues to flex her veto power, rejecting multiple bills in 2026. Most notably, she vetoed two tax bills that would have mirrored federal tax changes, arguing they gave excessive breaks to high-income earners and businesses[2]. Hobbs also blocked several pieces of legislation restricting SNAP benefits and measures requiring hospitals to verify patient citizenship status[2].

Education and infrastructure projects are moving forward across Arizona. Arizona State University announced major construction plans including a 200,000 square foot ASU Health building in downtown Phoenix set to begin construction in July and finish before fall 2028[8]. The university is also constructing the 187 million dollar John S. McCain III Library and Museum in Tempe with construction beginning in late spring[8]. In rural Arizona, Navajo Preparatory College is breaking ground on a new facility in Kayenta that will eliminate the need for students to travel elsewhere to complete degree programs[4].

Economic growth is being driven by emerging industries. Semiconductor manufacturing, electric vehicle and battery technology, and aerospace and defense technology top the list of Arizona's fastest-growing sectors[3]. Clean energy represents a major economic engine with more than 12 billion dollars in clean energy investments announced since 2022, supporting over 65,000 workers in clean energy jobs[7].

On the political front, Republican candidates for governor are competing to win over the party's base, with Andy Biggs emphasizing a MAGA-aligned message while facing competition from Taylor Robson[9]. Hobbs, who defeated Trump-backed Kari Lake four years ago, is running for her second term[9].

Looking ahead, listeners should watch for developments in Arizona's ongoing tax code negotiations between Governor Hobbs and the Republican-controlled legislature, as well as progress on the major ASU construction projects that will reshape Phoenix and Tempe over the next two years. The Republican proposal for a citizen-only census to redraw legislative districts is expected to move toward a ballot measure, setting up another potential conflict with the governor's office[6].

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