Target Industries

Tempe is one of the most diverse and future-focused business environments in the Southwest, supporting a broad mix of high-growth industries that drive innovation, job creation, and long-term economic resilience. From advanced services and manufacturing to aerospace, bioscience, semiconductors, and tourism, Tempe offers companies the talent, infrastructure, and connectivity needed to compete on a global stage. 

Advanced Business Services anchor Tempe’s professional economy, with strengths in finance, insurance, real estate, fintech, cybersecurity, and data-driven technologies. These firms benefit from a highly educated workforce fueled by Arizona State University, modern office environments, and access to regional decision-makers. Tempe’s Advanced Manufacturing sector builds on this foundation, supporting high-tech production in aerospace components, electronics, clean technologies, and precision engineering through automation, robotics, and Industry 4.0 practices. 

Tempe also plays a critical role in national aerospace and defense innovation. Companies designing mission-critical systems, avionics, and advanced materials leverage proximity to military installations, secure industrial locations, and deep engineering talent. In bioscience and biotechnology, Tempe is emerging as a center for discovery and commercialization, supported by ASU’s Biodesign Institute, lab-ready space, and growing partnerships across healthcare, diagnostics, and medical devices. 

The city is equally vital to the semiconductor and microelectronics supply chain, offering strategic logistics access, skilled technicians and engineers, and proximity to major industry players across the Greater Phoenix region. Complementing these technology-driven sectors, Tempe’s tourism and hospitality industry thrives on its iconic, walkable downtown, Tempe Town Lake, cultural assets, and year-round visitor appeal, supporting both leisure travel and business activity. 

Each of these sectors contributes to Tempe’s reputation as a place where innovation, quality of life, and economic opportunity align. Explore each sector to learn how Tempe can support your company’s growth and long-term success.