The economy in Tempe, Arizona is very technology driven. With about 150 aerospace manufacturing companies in the metropolitan area, the need for ever-increasing, innovative technology is a must. The aerospace industry employs 55,000 people in the area, and earn an average of $48,000 per year. Top aerospace companies include Triumph and US Airways.
High-Technology is also a very prominent industry in Tempe. Companies such as Motorola and Calence are distinctly present in Tempe. Chip manufacturing and the research to continue creating new and better products are strong employment centers for Tempe.
Also, more than 3,000 finance, insurance and real estate oriented companies, and 7,200 service-based business firms operate in the metropolitan area as well. |