Arizona is home to a diverse range of industries, from technology to manufacturing, and is the headquarters for some of the largest companies in the world.
The state’s booming economy has cultivated an environment for growth, leading to the emergence of several major corporations based in Arizona.
From utility companies to healthcare giants, these companies have played a significant role in shaping the state’s economy and have a significant impact on the national and global markets.
In this article, we will take a closer look at the 40 largest companies in Arizona, exploring their impact on the local economy, their contributions to the state’s workforce, and their position in the national and global business landscape.
Whether you are a business enthusiast, a job seeker, or simply interested in the economic landscape of Arizona, this article will provide valuable insights into the key players shaping the state’s business industry.
1. Intel Corporation
Background: Founded in 1968 in Santa Clara, California, Intel is a global leader in semiconductor manufacturing and technology innovation.
Core Industries: Semiconductor manufacturing, technology solutions.
Key Achievements: Pioneered advancements in microprocessor technology, leading to the development of numerous computing devices worldwide.
2. PetSmart
Background: Established in 1986 in Phoenix, Arizona, PetSmart is a specialty retailer offering products, services, and solutions for pets and pet owners.
Core Industries: Pet retail, pet services, veterinary care.
Key Achievements: Expanded its footprint to become one of the largest pet specialty retailers in North America, providing a wide range of products and services for pet enthusiasts.
3. Freeport-McMoRan Inc.
Background: Originating from the merger of Freeport Minerals and McMoRan Oil & Gas in 1981, Freeport-McMoRan is a leading international mining company.
Core Industries: Copper, gold, molybdenum mining and production.
Key Achievements: Operates large-scale mining operations globally, contributing significantly to the production of essential metals for various industries.
4. Republic Services, Inc.
Background: Founded in 1998 through the merger of several waste management companies, Republic Services is one of the largest waste disposal and recycling companies in the United States.
Core Industries: Waste management, recycling, environmental services.
Key Achievements: Manages waste collection, recycling, and disposal services for millions of residential, commercial, and industrial customers across the country.
5. Avnet, Inc.
Background: Established in 1921 in New York City, Avnet is a global technology solutions provider serving customers in more than 125 countries.
Core Industries: Electronic components distribution, technology solutions, IT services.
Key Achievements: Offers a comprehensive range of products and services to support the design, development, and distribution of electronic devices and systems worldwide.
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6. Insight Enterprises, Inc.
Background: Founded in 1988 in Tempe, Arizona, Insight is a leading provider of technology products, services, and solutions.
Core Industries: IT solutions, software licensing, cloud services.
Key Achievements: Empowers businesses and organizations with innovative technology solutions to enhance productivity, efficiency, and competitiveness.
7. ON Semiconductor Corporation
Background: Established in 1999 as a spin-off from Motorola’s semiconductor business, ON Semiconductor is a global supplier of semiconductor solutions.
Core Industries: Semiconductor manufacturing, power management, sensor technologies.
Key Achievements: Develops and manufactures a wide range of semiconductor products for automotive, industrial, consumer electronics, and other applications.
8. Pinnacle West Capital Corporation
Background: Founded in 1920 as a holding company for Arizona’s largest electric utility, Pinnacle West Capital Corporation is a leading energy holding company in the Southwest United States.
Core Industries: Electric utility services, renewable energy generation, energy trading.
Key Achievements: Provides reliable and sustainable energy solutions to millions of customers, supporting economic growth and development in the region.
9. Sprouts Farmers Market, Inc.
Background: Established in 2002 in Phoenix, Arizona, Sprouts Farmers Market is a specialty grocery chain offering fresh, natural, and organic foods.
Core Industries: Grocery retail, natural and organic foods, health and wellness products.
Key Achievements: Expands access to healthy and affordable food options, promoting a sustainable and healthy lifestyle for communities across the country.
10. First Solar, Inc.
Background: Founded in 1999 in Tempe, Arizona, First Solar is a leading manufacturer of thin-film solar modules and provider of solar energy solutions.
Core Industries: Solar energy technology, renewable energy development, project development.
Key Achievements: Innovated solar technology to deliver cost-effective and sustainable energy solutions, contributing to the global transition to clean energy.
11. Amkor Technology, Inc.
Background: Founded in 1968 in West Chester, Pennsylvania, Amkor Technology is a leading provider of semiconductor packaging and test services.
Core Industries: Semiconductor packaging, testing, assembly.
Key Achievements: Offers advanced packaging solutions for integrated circuits, enabling the development of high-performance electronic devices for various applications.
12. Apollo Education Group, Inc.
Background: Established in 1973 in Phoenix, Arizona, Apollo Education Group is a provider of higher education programs and services.
Core Industries: Higher education, online learning, workforce development.
Key Achievements: Operates several educational institutions, including the University of Phoenix, offering flexible and accessible learning opportunities for adult learners.
13. U-Haul International, Inc.
Background: Founded in 1945 in Ridgefield, Washington, U-Haul International is a renowned provider of moving and storage solutions.
Core Industries: Truck rental, moving supplies, self-storage facilities.
Key Achievements: Offers a comprehensive range of moving and storage services, serving millions of customers across North America.
14. GoDaddy Inc.
Background: Established in 1997 in Baltimore, Maryland, GoDaddy is a leading provider of domain registration, web hosting, and online business solutions.
Core Industries: Internet domain registration, web hosting, online marketing.
Key Achievements: Empowers individuals and businesses to establish and grow their online presence with easy-to-use and affordable digital tools and services.
15. W. L. Gore & Associates
Background: Founded in 1958 in Newark, Delaware, W. L. Gore & Associates is a multinational manufacturing company specializing in advanced materials and medical devices.
Core Industries: Advanced materials, medical products, industrial products.
Key Achievements: Known for innovations such as GORE-TEX® fabric and numerous medical devices, contributing to advancements in healthcare and industrial applications.
16. Magellan Health, Inc.
Background: Established in 1969 in Avon, Connecticut, Magellan Health is a healthcare management company providing behavioral health, pharmacy, and specialty healthcare services.
Core Industries: Behavioral health management, pharmacy benefit management, specialty healthcare services.
Key Achievements: Offers comprehensive solutions to improve the quality and affordability of healthcare for individuals, employers, and government agencies.
17. Limelight Networks, Inc.
Background: Founded in 2001 in Tempe, Arizona, Limelight Networks is a leading provider of content delivery and edge computing solutions.
Core Industries: Content delivery network (CDN), edge services, video streaming.
Key Achievements: Delivers high-quality digital content and online experiences to audiences worldwide, enabling seamless and secure access to digital media.
18. Microchip Technology Incorporated
Background: Established in 1987 in Chandler, Arizona, Microchip Technology is a leading provider of microcontroller, analog, and mixed-signal semiconductors.
Core Industries: Semiconductor manufacturing, microcontrollers, analog and mixed-signal ICs.
Key Achievements: Designs and manufactures a broad portfolio of semiconductor products for diverse applications, including automotive, industrial, and consumer electronics.
19. CSAA Insurance Group, a AAA Insurer
Background: Founded in 1914 in San Francisco, California, CSAA Insurance Group is a member of the AAA federation and provides insurance services to AAA members in various states, including Arizona.
Core Industries: Property and casualty insurance, auto insurance, home insurance.
Key Achievements: Offers a range of insurance products and services to protect individuals, families, and businesses against risks and uncertainties.
20. Inventure Foods, Inc.
Background: Established in 1986 in Phoenix, Arizona, Inventure Foods is a leading producer of specialty food and snack brands.
Core Industries: Food manufacturing, snack production, branded food products.
Key Achievements: Develops and markets innovative snack and food products under well-known brands such as Boulder Canyon®, TGI Fridays™, and Nathan’s Famous®.
21. Carlisle Companies Incorporated
Background: Founded in 1917 in Charlotte, North Carolina, Carlisle Companies Incorporated is a diversified industrial company operating in various sectors.
Core Industries: Construction materials, industrial products, transportation.
Key Achievements: Provides innovative solutions for construction, aerospace, automotive, and other industries, serving customers worldwide.
22. Mesa Air Group, Inc.
Background: Established in 1982 in Farmington, New Mexico, Mesa Air Group, Inc. is a regional airline holding company.
Core Industries: Airline operations, regional air transportation.
Key Achievements: Operates as a major provider of regional air service for major U.S. airlines, connecting communities across the country.
23. Benchmark Electronics, Inc.
Background: Founded in 1979 in Angleton, Texas, Benchmark Electronics, Inc. is a global provider of engineering, design, and manufacturing services.
Core Industries: Electronics manufacturing services, engineering solutions, product design.
Key Achievements: Offers end-to-end solutions for complex electronic products, partnering with leading technology companies to bring innovative products to market.
24. Swift Transportation Co.
Background: Established in 1966 in Phoenix, Arizona, Swift Transportation Co. is one of the largest truckload carriers in North America.
Core Industries: Trucking, transportation logistics, freight services.
Key Achievements: Provides efficient and reliable transportation services for a wide range of industries, delivering goods across the continent.
25. Best Western International, Inc.
Background: Founded in 1946 in Phoenix, Arizona, Best Western International, Inc. is a global hotel brand with a network of independently owned and operated hotels.
Core Industries: Hospitality, hotel franchising, travel accommodations.
Key Achievements: Offers quality accommodations and exceptional service to travelers worldwide through its diverse portfolio of hotels and resorts.
26. Viad Corp
Background: Established in 1926 in Phoenix, Arizona, Viad Corp is a global experiential services company offering event production, exhibitions, and travel services.
Core Industries: Event services, exhibitions and events, travel and leisure.
Key Achievements: Creates memorable experiences for clients and attendees through innovative event planning, production, and management solutions.
27. Avella Specialty Pharmacy
Background: Founded in 1996 in Phoenix, Arizona, Avella Specialty Pharmacy is a leading specialty pharmacy provider offering personalized medication management solutions.
Core Industries: Specialty pharmacy services, medication therapy management, patient support programs.
Key Achievements: Delivers high-quality specialty medications and comprehensive pharmacy services to patients with complex medical conditions.
28. Cavco Industries, Inc.
Background: Established in 1965 in Phoenix, Arizona, Cavco Industries, Inc. is a leading manufacturer of factory-built housing and park model RVs.
Core Industries: Manufactured housing, recreational vehicles (RVs), modular homes.
Key Achievements: Designs and builds high-quality homes and RVs, providing affordable and comfortable living options for families and individuals.
29. Knight-Swift Transportation Holdings Inc.
Background: Formed in 2017 through the merger of Knight Transportation and Swift Transportation, Knight-Swift Transportation Holdings Inc. is one of the largest truckload transportation companies in North America.
Core Industries: Trucking, logistics, transportation services.
Key Achievements: Offers a comprehensive range of transportation and logistics solutions, serving diverse industries with efficient and reliable freight services.
30. Axon Enterprise, Inc.
Background: Founded in 1993 in Scottsdale, Arizona, Axon Enterprise, Inc. is a technology company specializing in law enforcement and public safety solutions.
Core Industries: Law enforcement technology, body-worn cameras, software solutions.
Key Achievements: Develops innovative products and services to enhance transparency, accountability, and safety in law enforcement and public safety agencies.
31. Mobile Mini, Inc.
Background: Established in 1983 in Tempe, Arizona, Mobile Mini, Inc. is a provider of portable storage solutions and specialty containment services.
Core Industries: Portable storage containers, specialty containment, equipment rentals.
Key Achievements: Offers secure and reliable storage solutions for businesses, construction sites, and events, with a wide range of container sizes and configurations.
32. Meritage Homes Corporation
Background: Founded in 1985 in Scottsdale, Arizona, Meritage Homes Corporation is one of the largest homebuilders in the United States.
Core Industries: Residential construction, homebuilding, real estate development.
Key Achievements: Builds energy-efficient and sustainable homes in prime locations across the country, providing quality craftsmanship and innovative design options.
33. OneAZ Credit Union
Background: Established in 1951 in Phoenix, Arizona, OneAZ Credit Union is a member-owned financial institution serving individuals and businesses in Arizona.
Core Industries: Banking, financial services, credit union.
Key Achievements: Offers a full range of banking products and services, including savings accounts, loans, mortgages, and investment options, to meet the diverse needs of its members.
34. Banner Health
Background: Founded in 1999 in Phoenix, Arizona, Banner Health is one of the largest nonprofit healthcare systems in the United States.
Core Industries: Healthcare, hospital management, medical services.
Key Achievements: Provides comprehensive healthcare services, including hospitals, clinics, medical centers, and specialty care facilities, to communities across several states.
35. Grand Canyon Education, Inc.
Background: Established in 1949 in Phoenix, Arizona, Grand Canyon Education, Inc. is a publicly traded education services company.
Core Industries: Education management, online learning, higher education services.
Key Achievements: Operates Grand Canyon University, offering online and campus-based degree programs to students nationwide, with a focus on affordability and accessibility.
36. Rogers Corporation
Background: Founded in 1832 in Rogers, Connecticut, Rogers Corporation is a global leader in engineered materials solutions.
Core Industries: Advanced materials, electronics, industrial applications.
Key Achievements: Develops high-performance materials for diverse industries, including automotive, aerospace, electronics, and consumer goods, enabling innovation and product differentiation.
37. Cable ONE, Inc.
Background: Established in 1986 in Phoenix, Arizona, Cable ONE, Inc. is a leading broadband communications provider serving residential and business customers.
Core Industries: Cable television, internet services, telecommunications.
Key Achievements: Offers high-speed internet, cable TV, and voice services with a focus on reliability, affordability, and customer satisfaction.
38. Insight Enterprises, Inc.
Background: Founded in 1988 in Tempe, Arizona, Insight Enterprises, Inc. is a leading provider of technology products, services, and solutions.
Core Industries: IT solutions, software licensing, cloud services.
Key Achievements: Empowers businesses and organizations with innovative technology solutions to enhance productivity, efficiency, and competitiveness.
39. Taylor Morrison Home Corporation
Background: Established in 2007 in Scottsdale, Arizona, Taylor Morrison Home Corporation is a homebuilder and land developer operating in several states across the United States.
Core Industries: Residential construction, homebuilding, real estate development.
Key Achievements: Builds quality homes in master-planned communities, offering a range of home designs and personalized options to meet the needs of modern homebuyers.
40. Carlisle Companies Incorporated
Background: Founded in 1917 in Charlotte, North Carolina, Carlisle Companies Incorporated is a diversified industrial company operating in various sectors.
Core Industries: Construction materials, industrial products, transportation.
Key Achievements: Provides innovative solutions for construction, aerospace, automotive, and other industries, serving customers worldwide.
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Conclusion
In conclusion, Arizona’s economic landscape boasts a diverse array of industries, ranging from technology and semiconductor manufacturing to healthcare, retail, and beyond.
The state is home to a vibrant mix of established giants and innovative newcomers, each contributing to the region’s growth and prosperity.
From global corporations like Intel and PetSmart to locally grown success stories such as Sprouts Farmers Market and Insight Enterprises, Arizona’s largest companies showcase the state’s entrepreneurial spirit and commitment to innovation.
As these companies continue to thrive and expand, they play a crucial role in shaping Arizona’s future as a dynamic hub of business, innovation, and opportunity.
