Setting out on the adventure of becoming an entrepreneur is a crucial decision in your career. Where you do it can be just as impactful. Setting up in the right city can either position you and your business for steady growth and sweeping success or a lack of interest paired with lackluster performance.
The glittering desert that is Phoenix, Arizona is one place where you can open your own office doors and start up a new company without business drying up. And we have 4 reasons to prove it.
A variety of industries are thriving and growing in the Valley of the Sun. Among them are:
- Renewable energy
- Biomedical and personalized medicine
- Business services
- Aerospace and aviation
- Manufacturing and distribution
Those sectors of the economy and more make up the strong business climate. Phoenix has been ranked as 17th in the nation among top 20 U.S. cities for tech startups as well as coming in 10th on CNN Money’s fastest growing cities. CNBC ranked Arizona as second in workforce for 2014.
With generous business tax credits and one of the lowest payroll costs of all urban regions, Phoenix’s business-friendly environment is sure to push your company toward success.
If you choose to start a business in Phoenix, you won’t be wanting for support along the way. In addition to the Arizona SBA District Office, Greater Phoenix Chamber of Commerce and other essential resources to get your business growing in Phoenix, Arizona offers more than 20 business incentives you can choose from.
No matter what industry or stage of growth your company has achieved, the Maricopa Small Business Development Center provides training, online courses, and advising for any small business in the area. Some of their resources come with a fee, but many of their services are free of charge.
From community colleges to four-year universities, thousands of graduates enter into the Phoenix workforce every year from nearby educational institutions like:
- Arizona State University
- University of Arizona
- Northern Arizona University
- Grand Canyon University
- Maricopa Community Colleges
These institutions have reputations for producing quality graduates. For example, USA Today and the Princeton Review called University of Arizona’s McGuire Center for Entrepreneurship its “crown jewel.” The U.S. News & World Report ranked the Center number two among public undergraduate programs.
Opening your doors in Phoenix will open you up to a large pool of quality graduates to help build your business into the success you envision.
Phoenix is one of the fastest growing cities in the nation, which means that more potential customers are moving there every day. It’s already the sixth largest city in the United States by population, which makes it the most populous state capitol.
The forces that have been driving this growth include a strong technology sector, and Phoenix is number seven for job growth. As the economy has been improving after the Great Recession, so have some of the city’s core industries like retail and tourism.
With a favorable business climate, helpful resources, and a booming population that’s well educated, Phoenix is set up to help your business become a runaway success. The Valley of the Sun would be the perfect place to realize your dreams of becoming an entrepreneur.
About the Author: Jeff Reinstein is the Chief Executive Office of Premier Business Centers. He has helped the company grow from 9 center locations to more than 70 since he first joined the team in 2002.