Largest Employers in Arizona: 2025 Overview
August 9, 2025 by JoyAnswer.org, Category : Business
What are the largest employers in Arizona? Explore the largest employers in Arizona, from healthcare and education institutions to major corporations. This guide highlights top job providers and their impact on the state’s economy and workforce.
- 1. What are the largest employers in Arizona?
- 2. Who Are the Largest Employers in Arizona?
- 3. How Do Employment Trends Affect Arizona’s Economy?
- 4. What Are Key Industries Hiring in Arizona?
- 5. How Does Workforce Demographics Influence Employers?
- 6. What Incentives Attract Large Employers?
What are the largest employers in Arizona?
The largest employers in Arizona in 2025 are primarily in the healthcare, retail, and technology sectors. Banner Health and Walmart are among the top employers, along with Amazon. Other major employers include Kroger Co. (Fry's), HonorHealth, and Intel.
Top Private Employers in Arizona
Based on recent data, the largest non-government employers in Arizona are:
Banner Health: A major healthcare provider with a significant presence throughout the state.
Walmart Stores: The retail giant has a large number of employees across its many locations.
Amazon.com: The e-commerce company's operations, including warehouses and corporate offices, make it a top employer.
Kroger Co. (Fry's): The parent company of Fry's supermarkets is a significant employer in the state's retail sector.
HonorHealth: Another large healthcare system with multiple hospitals and clinics.
McDonald's: The fast-food chain employs a large workforce in Arizona.
Albertsons Companies (Safeway): Similar to Kroger, Albertsons' supermarket chains are a major source of jobs.
Dignity Health: A healthcare provider with a strong presence in the state.
Wells Fargo: A key player in the financial services industry in Arizona.
Intel: A leading semiconductor and technology company with a major presence in Chandler.
Key Industries and Public Employers
While the list above focuses on private companies, the state also has a large number of public employers. The State of Arizona and Arizona State University are notable public sector employers. The healthcare and technology industries are particularly dominant, with multiple companies from each sector appearing on the list. Other industries with a large employment footprint include retail, financial services, and food and beverage.
Arizona's Employment Landscape: Key Employers, Trends, and Workforce Dynamics
Arizona's economy is experiencing significant growth and transformation, driven by diverse industries and a dynamic workforce. This article delves into the state's largest employers, the impact of employment trends on the economy, key hiring industries, workforce demographics, and the incentives attracting major employers.
Who Are the Largest Employers in Arizona?
Arizona hosts a variety of large employers across multiple sectors. According to AZ Big Media, the top employers include:
Banner Health – Employing approximately 45,185 individuals in the healthcare sector.
Walmart Stores – With around 37,648 employees in retail.
Amazon.com – Approximately 36,000 employees in online retailing.
Kroger Co. (Fry’s) – About 19,851 employees in supermarkets.
HonorHealth – Employing around 16,000 individuals in healthcare.
McDonald’s – Approximately 15,000 employees in fast-food restaurants.
Albertsons Companies (Safeway) – Around 14,500 employees in supermarkets.
Dignity Health – Employing about 14,000 individuals in healthcare.
Wells Fargo – Approximately 13,000 employees in financial services.
Intel – Around 12,000 employees in microprocessors.
CVS Health – Approximately 12,000 employees in pharmacies.
Mayo Clinic – Employing about 11,072 individuals in healthcare. AZ Big Media+1
These employers significantly contribute to Arizona's employment landscape, particularly in healthcare, retail, and technology sectors.
2. How Do Employment Trends Affect Arizona’s Economy?
Employment trends have a profound impact on Arizona's economy. Recent data indicates that Arizona's job growth has been robust, with notable increases in various sectors. However, there are signs of moderation, with job growth forecasted to decelerate modestly from 1.2% in 2024 to 1.0% in 2025. Eller College of Management
The state's economy is projected to expand over the next two years, with ten of the twelve economic sectors expected to see growth. This diversification helps stabilize the economy and reduce reliance on any single industry. OEO
What Are Key Industries Hiring in Arizona?
Several industries are actively hiring in Arizona, reflecting the state's economic diversification:
Healthcare – With major employers like Banner Health and Mayo Clinic, the healthcare sector continues to expand, driven by an aging population and increased demand for medical services.
Technology – Companies such as Intel and Amazon are investing heavily in Arizona, particularly in semiconductor manufacturing and e-commerce. Reuters
Retail – Retail giants like Walmart and Fry’s are significant employers, benefiting from Arizona's growing consumer base.
Manufacturing – Arizona has become the fastest-growing state in the country for manufacturing jobs, adding nearly 50,000 new positions between 2014 and 2024. spectra360.com
These sectors are pivotal in shaping Arizona's employment landscape, offering diverse opportunities for job seekers.
How Does Workforce Demographics Influence Employers?
Arizona's workforce demographics play a crucial role in shaping employment patterns:
Age and Education – The state's workforce is experiencing an aging population, with a significant portion nearing retirement age. Simultaneously, there is a push for higher educational attainment, with efforts to increase the percentage of college-educated workers. mapazdashboard.arizona.edu
Diversity – Arizona's growing Hispanic and Latino populations are influencing hiring practices, with employers increasingly focusing on diversity and inclusion initiatives. morrisoninstitute.asu.edu
Employers are adapting by offering training programs, flexible work arrangements, and diversity-focused recruitment strategies to align with these demographic shifts.
What Incentives Attract Large Employers?
Arizona offers several incentives to attract and retain large employers:
Quality Jobs Tax Credit – Provides tax credits to businesses that create high-paying jobs for Arizona residents, reducing state income tax liabilities. EIAG
Research and Development (R&D) Tax Credit – Offers credits of 6 to 10 percent on eligible R&D expenses, benefiting tech startups and innovative companies. Every
Low Operating Costs and Competitive Tax Advantages – Arizona's business-friendly environment, with low operating costs and strong support from economic development organizations, makes it an attractive destination for business development. techparks.arizona.edu
These incentives, coupled with a skilled workforce and strategic location, make Arizona a compelling choice for large employers seeking to expand or relocate.
Arizona's diverse employment landscape, coupled with supportive policies and a dynamic workforce, positions the state as a growing hub for businesses and job seekers alike.
