Costco isn’t just the go-to place for Valley residents and businesses to buy in bulk — the wholesale retailer also is Arizona’s best employer, according to a recently published ranking.
Forbes has released its inaugural lists of “America’s Best Employers by State.” At the top of Arizona’s list is Costco Wholesale Corp. (Nasdaq: COST), the Issaquah, Washington-based retailer that boasts 245,000 employees companywide.
In total, 72 companies were ranked in Arizona. The list is as diverse as Arizona’s economy, featuring national retailers such as Costco and Target Corp. as well as financial institutions, defense contractors, utilities, local technology firms and health care companies — and the city of Phoenix.
The first-ever rankings were compiled by Forbes with help of market research company Statista to pinpoint the organizations liked best by employees.
Check out Forbes’ ranking of the top 20 best employers in Arizona by clicking the accompanying gallery above.
Historically, Arizona has been reliant on real estate and construction to fuel its economy. In the past decade or so, the state’s economy has diversified as it shrugged off the vestiges of the Great Recession.
Indeed, the state’s economy has been booming in recent years. Arizona’s gross domestic product output grew by 4% in 2018, and the state is projected to add thousands of jobs in the coming years.
The Phoenix Business Journal honors the Valley’s best places to work on a yearly basis. See the 2018 winners here.