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Arizona Business Climate: For the third year in a row the Metro
Phoenix area has been named the No. 1 "entrepreneurial hot
spot" in the nation by the respected research firm Cognetics
Inc. According to Cognetics President David Birch, "You're
doing everything about right , near as I can figure" "You
have a great airport, a great university, well educated high
school graduates, a good pro-business climate, a lovely
place to live.... And you have all of that at once."
Time magazine cover story, January 1997 rated the Phoenix
area number two in the "15 hottest places" for job growth.
Fortune rated the Phoenix as one of the nations top 10
cities for business.
Overall Arizona has been consistently noted as having one of
the most favorable business climates in the nation to start
or invest in a business opportunity. Click here to view an
economic overview by the Arizona Department of commerce.
Arizona is currently the second fastest growing state in the nation,
with a projected population of 6.1 million by 2010.
The Phoenix metro area is also of the fastest growing metro
areas in the country.
Fueled by six consecutive years of tax reductions, the
Arizona economy continues to expand at a record pace. From
1993 through 1997 more than 400,000 private sector jobs were
created alone.
The passage of the North American Free Trade Agreement has
been a boon to the Arizona economy. Exports to Mexico jumped
28% in 1996 to $1.6 billion, making Arizona a hot prospect
for companies doing business across the border.
The Arizona economy continues to diversify. The growing
expansion into service, retail, telecommunications, high
tech and financial services industries is a positive move
which should diminish the adverse effects of any periodic
down turns in the economy.
Quality of life: Arizona is world renowned for its
unsurpassed natural beauty, its warm and sunny climate (300
+ days a year of sunshine!), varied recreational activities,
and diverse cultural opportunities. Taken on a whole, these
attributes provide a quality of life in Arizona that is
unparalleled, and will continue to be a powerful draw for
new businesses and residents going forward.
Popular attractions and activities:
22 national parks, monuments and wildlife preserves, in
addition to one of the 7 natural wonders of the world: The
Grand Canyon.
Arizona is home of the worlds largest continuous pine forest
( 25% of Arizona is forested with high mountain lakes and
meadows)
67 natural and man-made lakes.
Cross-country and downhill skiing.
25 state historical and recreational parks.
Preserved ruins of ancient Indian civilizations, rodeos,
Pioneer days, Indian ceremonies and festivities, lost mines,
ghost towns and guest ranches, artists colonies in Bisbee,
Jerome, Sedona, Lakeside and Tubac
Year-round golf, tennis, horseback riding, mountain biking,
bicycle riding, hiking, camping, fishing, hunting and other
outdoor activities.
Professional sports include: NBA, Phoenix Suns. NFL ,
Arizona Cardinals. NHL, Phoenix Coyotes. Baseball, Arizona
Diamondbacks.
A full range of cultural opportunities including theater,
ballet, opera, symphony, art exhibits and museums.
Note: Please check our resources
and links page for additional
sources of information on the State of Arizona and all it
has to offer. Arizona Business News:
Please visit our Arizona
business news page for access to recent articles about
the AZ economy and small business climate. |
