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CEO Guide to Site Selection



Arizona has continually climbed the ranks in the Chief Executive Best & Worst States for Business, and jumped 6 spots in 2022 to rank #4. Phoenix continues to log strong population and economic growth, attracting a mix of investments in the manufacturing, technology and financial services sectors. As the semiconductor industry starts to migrate from Asia to places like California, Texas and New York, companies are also setting their sights on Arizona. In October 2022, Taiwan-based Chang Chun announced it will invest $300 million in a semiconductor chemical facility in Casa Grande. Yu-hung (Calvin) Su, president of Chang Chun Arizona, said in a press release the facility would help meet a significant expansion into the U.S. market. Yield Engineering Systems also announced a facility in the Price Corridor in Chandler to support semiconductor manufacturing.

"Google's investment in Arizona will be critical for the Mesa community and our state's economy. Arizona continues to attract global technology leaders due to our skilled workforce, dynamic economy and focus on innovation. We are proud to welcome Google to Arizona and look forward to the many opportunities this partnership will bring."
Katie Hobbs


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top corporate income tax

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on the Tax Foundation’s State Business Tax Climate Index ranking


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of adults 25 years of age and older graduated high school

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of adults age 25 and older have a bachelor’s degree or higher


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increase between 2010 and 2020


Qualified Facility Tax Credit: Offers a refundable tax credit that promotes the location and expansion of headquarters or manufacturing facilities, including manufacturing-related R&D.

Quality Jobs Tax Credit: Offers up to $9,000 of Arizona income or premium tax credits spread over a three-year period for each new net qualifying job ($3,000 per year).

Research and Development Tax Credit: Provides an Arizona income tax credit for increased research and development activities conducted in the state to encourage Arizona businesses to continue investing in research and development activities.

Sales Tax Exemptions for Manufacturing: Exemptions are available for machinery or equipment used directly in manufacturing, machinery and equipment or transmission lines used directly in producing or transmitting electrical power.


Arizona Commerce Authority

Greater Phoenix Chamber

Sun Corridor Inc.

Arizona Regional Economic Development Foundation


In June 2023, Governor Hobbs announced the launch of two workforce accelerator training programs located in Kingman and Yuma. The Future48 Workforce Accelerators are the first of up to six new accelerators to be overseen by the Arizona Commerce Authority in coordination with higher education and industry partners. It will offer workforce training in electrical technology, advanced manufacturing, broadband fiber optics, and solar installation in support of the region’s aerospace and defense industries. The Kingman accelerator, launched in partnership with Mohave Community College, will support the region’s growing manufacturing, transportation, and mining industries.


  • Taiwan Semiconductor Manufacturing (TSMC) announced a $40 billion semiconductor fabrication facility in Phoenix that will eventually create 4,500 jobs.
  • American Battery Factory announced in December 2022 a $1.2 billion lithium ion phosphate battery cell production facility and 1,000 new jobs in Tucson.
  • LG Energy Solution announced in March 2023 a $5.5 billion battery manufacturing complex and thousands of new jobs in Queen Creek.
  • EV company Evolution Energy announced in March 2023 a $200 million cobalt sulfate production facility in Yuma County.
  • Applied Materials and ASU announced in July 2023 a $270 million in corporate and state investments to create a shared research, development and prototyping facility in Tempe.


Ten Fortune 500 companies headquartered in the state, including:

  • Avnet
  • Freeport-McMoRan
  • Reliance Steel & Aluminum
  • Opendoor Technologies
  • Carvana
  • Republic Services
  • Insight Enterprises
  • On Semiconductor
  • Taylor Morrison Home
  • Knight-Swift Transportation

No 13: Arizona

No. 13


Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by

Key Metrics
Taxation and Regulations

  • State Corporate Income Tax Rate: 6.97%
  • Highest Personal Income Tax Rate: 4.54%

Workforce Quality

  • % with High School diploma or more: 83.8
  • % with Bachelor’s degree or more: 25.1
  • % with Advanced degree or more: 9.2
  • Patents per 100K: 29.96
  • % of Employed Represented by Unions: 8.1

Quality of Life

  • Hopsitals per 10K: 0.103
  • Elementary/Secondary Schools per 1000 people: 0.342
  • Violent Crimes per 100K: 468.71
Key Companies
  • Freeport-McMoran
  • Avnet
  • Republic Services
Other Highlights
  • Arizona fell to #11 in 2010 to #13 — the state took #8 in 2009
  • Arizona ranks 42nd in state debt per capita with $1882

Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education


Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)


Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.