PHOENIX-For the fourth year in a row, metropolitan Phoenix has been ranked No. 1 among large metro areas as the best place to start and grow a company, according to Inc. magazine.pPhoenix beat other hot spots for business development, including Salt Lake City and Atlanta. The rankings appear in the December issue.

“Rapid population growth means more customers and more workers, particularly for high-tech companies, while a renovated art museum, four major sports franchises and the sunny climate attract residents,” the magazine boasted about Phoenix.

The factors that encourage entrepreneurship are a skilled work force, good universities, a good airport, quality-of-life and a business climate that is positive toward start-ups, according to David Birch, president of the economic research firm Cognetics Inc, which conducted the research that resulted in the rankings.

The Phoenix area compares favorably in just about every category of the survey. The area has an annual net in migration of more than 70,000 new residents and sunshine more than 350 days of the year. Phoenix is home to such schools as Arizona State University, Thunderbird, The American Graduate School of International Management, and the University of Phoenix. The main airport for the region, Sky Harbor International Airport, is near Downtown and is the seventh busiest airport in the nation. Additionally, the median price for a new home is only $155,000.

Inc. magazine ranked Tucson No. 17 among small metro areas, behind Las Vegas, which is No. 1 and Austin, which is No. 5.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.