Ranked by Forbes as the fifth best state for growth prospects, the Grand Canyon State is all about economic development. It boasts a low corporate tax rate and an abundance of business-friendly tax policies. The state’s strong economic growth and proven business strategies caused the Small Business and Entrepreneurship Council to rank Arizona in the top six states on its 2018 Small Business Policy Index. WalletHub has also noticed Arizona’s strong business environment, placing the state in its top 10 best states for starting a business.
CNBC gives Arizona an “A” rating for its workforce. Its population is booming, and it’s home to all of the top five high schools in the US. It also outperforms most other states in bachelor’s degrees and science and engineering doctorates earned. With a rapidly growing population and such a strong showing in education, Arizona’s workforce will serve the state’s businesses well for decades to come.
Arizona is a smart choice for entrepreneurs in nearly every industry. With low operating costs and a low cost of living, Arizona is a top place to start a new business. FranNet’s local experts know the state well, and they’re ready to help you choose the right business to maximize your results.