Are you looking to start a small business in Arizona? The Grand Canyon State has a lot to offer, including small businesses. According to Nerd Wallet, if you are looking to start a small business in AZ, here are the 10 best cities to do it in.
Tolleson offers a median income of $30,625 a year. This may seem low, but can actually benefit small business owners who need to hire multiple employees. There are roughly 610 businesses in the state.
Sedona has a low unemployment rate of 3.6%, which is on the lower end of other cities in Arizona. Sedona offers an artsy video which is great for coffee houses, art galleries, and anything in the tourism realm.
Wickenburg is a quieter city with old roots in farm culture. The city has been called the “Dude Ranch Capital of the World.” If your small business fits into this type of culture, then look no further than starting up in Wickenburg.
Prescott has 5 colleges spread across the city. This means there are plenty of businesses to be seen with distance of the schools. If your business would appeal to a younger crowd, Prescott might be the perfect place for your business.
Scottsdale is the big leagues. With a population of over 220,000 people, almost any type of business can thrive here. The average revenue per business is an impressive $1.5 million.
Globe is more affordable than most cities across Arizona. If you are worried about your business surviving in a busier city, go with Globe. Globe still offers an average $300,000 a year for business revenue.
Manufacturing plays a big part in the city of Snowflake. If the business you want to start or move is in the manufacturing industry, move it to Snowflake.
Tourism is spread throughout Payson. Payson also is working to build a small campus for Arizona State University. Payson is clearly a city that is making moves to become a bigger city. Why not start your business here?
9. Flowing Wells
Flowing Wells is home to about 580 businesses, with a low cost of living. This little spot is great for low-key businesses that need a good starting point that won’t put them in a cash crunch.
Cottonwood was named the 2015 Sustainable Economic Growth City of the Decade by the Arizona Commerce Authority. This city is growing, and growing fast. The population has grown to over 11,000 people with over 1900 businesses.
Moving Forward in Arizona
Are you ready to get started creating a business in Arizona? Any city you pick in Arizona will be great, but these 10 top cities for small businesses take the cake as the most cost effective and with the most growth opportunities. Are you worried about having enough working capital once your business gets on its feet? No worries. We can get your business the funding it needs to grow with invoice factoring. Factoring companies in Arizona can grow your business and ensure that you will never have to worry about slow paying clients.