Arizona is a sizzling spot for startups. People were more likely to launch businesses here than in any other state in the country last year.
Arizona has benefited from a steady stream of entrepreneurs migrating from less business-friendly states like California. The lure? Business and property taxes are low, as are workers' compensation costs, according to the Arizona Commerce Authority.
What's more, the labor pool is highly educated, as schools such as Arizona State University and the University of Arizona churn out a steady stream of science and technology grads. The state encourages firms to upgrade employees' skills, giving grants to those that offer in-house job training.
That's key, since tech firms dominate Arizona's new business landscape. Software and semiconductor makers are big here, as are solar, clean-tech and renewable energy technology firms. More traditional fields like retail and tourism also are hot.
Opening up a small business in a tough economy is a risky gamble. But these ten states saw more startup activity than anywhere else nationwide. Here's why.
|Alaska Airlines is killing off the Virgin America brand|
|Laptop ban may force business travelers to skip Middle East airports|
|Wall Street is losing faith in the Trump agenda|
|Once a boy from the Bronx, he now creates supersonic passenger planes|
|Sears has 'substantial doubt' that it can survive|