Arizona is the number one state for start up businesses!

Coutesy of The Cromford Report  –  h/t Mike Balzotti

Arizona is the number one state for start up businesses according to the Kaufmann Index of Entrepreneurial Activity, During 2011 there were 520 new businesses for every 100,000 adults, benefitting from a stream of entrepreneurs migrating from less business-friendly states such as California. Business and commercial property taxes are relatively low, as are workers’ compensation costs. Our labor pool is recognized as highly educated, with Arizona State University and the University of Arizona providing a steady stream of science and technology grads. The state also encourages firms to upgrade employees’ skills, giving grants to those that offer in-house job training. Technology firms dominate Arizona’s new business landscape. Software and semiconductor makers are big here, as are solar, clean-tech and renewable energy technology firms. More traditional fields like retail and tourism also are hot. As employment in these industries grows it will create more demand for owner-occupied housing, adding to our supply shortage. Rental housing is not in short supply and it looks like it could become oversupplied unless landlords start to feed some of their properties back into the owner-occupied market over the next several years.

Search All Arizona Homes for Sale Here >>


What did you think of this article?

  • No trackbacks exist for this post.
  • No comments exist for this post.
Leave a comment
/gi, ”); textField.val(fieldData); return fieldData; }}

Submitted comments are subject to moderation before being displayed.


 Email (will not be published)


Your comment is 0 characters limited to 3000 characters.