Phoenix Arizona's Rich Business Climate
The business climate of Arizona is rich, expansive and ever growing. Opportunities for education in every field imaginable are available throughout the state. The business sector of Phoenix is rapidly accelerating in areas such as renewable energy, biomedicine, manufacturing and distribution, aerospace, and aviation.
With a small state government and modest taxes, Arizona offers emerging businesses inexpensive operational costs. Additional benefits include refundable tax credits, reimbursable grants as well as property tax reductions creating an ideal environment for start-ups or existing businesses.
Arizona is known for its educated work force. Large universities as well as smaller, specialized schools foster a learned community of executives, employees and new hires. This high concentration of educational institutions drives Arizona’s research and development activities. Statewide, Arizona is a fantastic place to start a new career or business. Every year, industry leaders find a new home in the desert of the Wild West.
Phoenix is tops for companies and people moving to the area – and it’s no wonder. With its healing climate, low cost of living and quality of life, Phoenix ranked first among metro areas for “recruitment and attractions,” according to a 2008 report by Expansion Management magazine; and, has been named by Forbes as one of the “Best U.S. Cities for Jobs”, with an average age of 34.
That’s not surprising, given the wealth of highly educated graduates from the Valley of the Sun’s many post-secondary education institutions. Arizona State University, one of the largest public universities in the United States with just over 72,000 enrolled students, boasts four separate campuses across the Valley. Arizona’s other two post-secondary public institutions, the University of Arizona (headquartered in Tucson) and Northern Arizona University (Flagstaff), also maintain a presence in Phoenix with small campuses supporting medical and non-medical academic disciplines.
Other post-secondary education institutions in the Phoenix area, University of Phoenix, Grand Canyon University, American Indian College, Art Institute of Phoenix, University of Advanced Technology, Collins College, DeVry University, Argosy University, the Phoenix School of Law, Fortis College, Maricopa County Community Colleges, Western Governors University and the internationally recognized Thunderbird School of Global Management graduate school provide a talented workforce and an entrepreneurial community.
The Maricopa Community College District – one of the largest higher education systems in the country with 10 colleges and two skill centers – is Arizona’s largest provider of job training, serving more than 250,000 students each year.
Entrepreneur magazine ranked Arizona 8th in “10 Best States for Starting a Business” in an April 2013 article. Arizona hosts the yearly Arizona Innovation Challenge, giving out $3 million in awards to entrepreneurs.
Phoenix is also known as a great place to live. CNN Money named four Phoenix communities – Chandler, Scottsdale, Peoria and Gilbert – as best small cities to live.
With all those accolades, it’s easy to see why greater Phoenix is among the nation’s fastest-growing regions, consistently recognized for its strong job growth and entrepreneurial environment.
The city’s location in the southwest United States, boasting a dry and temperate climate, has turned it into a top choice for business, especially for aerospace, high-tech, bioscience, advanced business and sustainable technology companies.