Phoenix

Economy

With continuous population growth and an abundance of land and water, Phoenix has a thriving economy. In the decades since World War II, agriculture, manufacturing, and tourism have all played a major role in Phoenix's economy, creating jobs to keep pace with the city's growing population. Industries include agricultural chemicals, aircraft parts, electronic equipment, radios, air-conditioning equipment, leather goods, and Native American crafts.

Most recently, the high-technology and service sectors have also moved to the forefront—retail trade and services account for close to half of all employment in the city. More than 40 companies have corporate headquarters in Phoenix. Service-sector companies with headquarters in the city include Ramada, Best Western, Greyhound, and U-Haul. Financial services companies with a corporate presence in the city include Wells Fargo Bank, Chase Bank, American Express, Discover Card Services, and Bank of America.