Phoenix, AZ ~ Phoenix, AZ - In a recent report released by the American Legislative Exchange Council (ALEC), Arizona has been ranked second in the nation for economic performance and fifth for economic outlook. This achievement is a testament to the efforts of Governor Katie Hobbs to attract top-tier companies, build a world-class workforce, and lower costs for Arizonans.

The ranking, which takes into account key measures such as cumulative GDP growth, domestic migration, and non-farm employment growth, reflects the success of Governor Hobbs' economic policies. Since taking office, she has made it her mission to make Arizona the best place to pursue opportunity, security, and freedom.

In response to the report, Governor Hobbs stated, "We are securing opportunity for communities throughout Arizona with our dynamic and growing economy. I'm thrilled that ALEC has recognized our efforts by ranking us second in economic performance and fifth in economic outlook."

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Under Governor Hobbs' leadership, Arizona has seen significant growth in its economy with more people and businesses choosing to call it home. This has been achieved through attracting private sector investment and cultivating top-notch talent within the state.

Sandra Watson, President and CEO of the Arizona Commerce Authority expressed her gratitude towards Governor Hobbs and the Legislature for their collaborative efforts in making Arizona a global innovation hub. She stated, "Arizona's remarkable rise as a global innovation hub reflects years of strategic vision and collaborative leadership."

Mary Foote, Director of the Arizona Office of Economic Opportunity also weighed in on the report's findings. She highlighted that this achievement is a reflection of the fundamental strengths of Arizona's economic landscape which is driven by a diverse industrial mix and a resilient workforce. Foote also emphasized their commitment to continue developing workforce strategies to maintain this momentum.

Overall, this recognition from ALEC serves as validation for Governor Hobbs' efforts to lower costs for working families and make Arizona an attractive destination for businesses. With a strong foundation in place, Arizona is well-positioned for sustainable and predictable economic growth in the future.

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