{"id":3000010067,"date":"2019-12-13T21:04:52","date_gmt":"2019-12-14T02:04:52","guid":{"rendered":"https:\/\/deconstructed.wework.com\/?p=3099"},"modified":"2020-09-28T16:41:17","modified_gmt":"2020-09-28T20:41:17","slug":"rebirth-of-phoenix-business-2020","status":"publish","type":"post","link":"https:\/\/www.wework.com\/ideas\/professional-development\/business-solutions\/rebirth-of-phoenix-business-2020","title":{"rendered":"The rebirth of Phoenix business: what 2020 will bring to PHX"},"content":{"rendered":"\n

When you start or expand your business, location is crucial. You want to be part of a thriving tech scene. And you need an educated candidate pool from which to draw your employees. Also, it wouldn\u2019t hurt to settle somewhere with a lively downtown that attracts top talent. <\/p>\n\n\n\n

A growing number of companies have discovered all of these benefits and more in Phoenix, Arizona. In fact, WeWork recently named the Arizona capital as one of the top 10 midsized cities for growing companies<\/a>.<\/p>\n\n\n\n

We’re far from the only ones buzzing about Phoenix, though. The metro area is one of the fastest-growing<\/a> in the U.S., and Volusion ranked it No. 12 on its list of the best cities for startups<\/a>. Phoenix is also No. 26 on Forbes’ list of the best places for business and careers<\/a>.<\/p>\n\n\n\n

There are plenty of signs that this hot streak will continue beyond 2020, including new developments, transportation improvements<\/a>, and even more companies expanding in the Phoenix area<\/a>.<\/p>\n\n\n\n

As the Valley of the Sun thrives, should your company claim some office space in Phoenix? Click here<\/a> for the full Phoenix city guide. And here are a few factors to consider.<\/p>\n\n\n\n

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Expanding to Phoenix is affordable<\/strong><\/h2>\n\n\n\n

Companies are finding that it’s less expensive to do business in Phoenix, especially compared with its neighbor, California<\/a>. To start with, renting office space in Phoenix is far cheaper than it is in, say, San Francisco.<\/p>\n\n\n\n

Phoenix also takes pride in its pro-business climate<\/a>: Arizona limits regulations and does not have a corporate franchise tax. Phoenix businesses can take advantage of an array of tax credits and incentives. And Arizona even offers an Angel Investment Tax Credit<\/a> for investing in qualified small businesses. That program has created a total economic output of $1.3 billion<\/a>. Imagine what could happen in 2020. <\/p>\n\n\n