Arizona has been drawing entrepreneurs from other states in recent years. What are the reasons for this trend? And why should you consider a move to Arizona yourself? It’s no secret that the past few decades haven’t been kind to Arizona.
There have been company headquarters established in the Central Arizona Phoenix Metro Area. And there have been many companies that have moved here and with good reason.
Why are Businesses Moving to Arizona?
Businesses are flocking to Arizona because it is a state on the rise. There are plenty of prominent companies and entrepreneurs choosing to call Arizona home. This trend has been noticeable for some time, and people have taken notice. Since Arizona offers an economic advantage that other states can’t beat, it’s no wonder.
1. Business Tax Incentives
The state offers business tax incentives. Arizona offers a 10.4 percent corporate tax rate on qualified new businesses. However, this is a drastic reduction from the 35 percent in other business states. In addition, there are specific exemptions for manufacturers, retailers, and service-based businesses.
There are also general exemptions that apply to all new businesses in Arizona. There are many business-friendly programs available, including Arizona’s Quality Jobs Program. This program is a statewide effort to retain and attract new businesses. Compared to Los Angeles, New York, and other large cities, Arizona has a high percentage of additional potential customers to offer businesses.
However, this is especially true in the Phoenix and Tucson areas, which are still attractive to companies that want access to a large customer base. However, this means there is much room for growth if you expand your own business.
2. Arizona is a Well-Connected State
Arizona is a large state and the capital, Phoenix, is 1,400 miles from the easternmost part of the state, but there are plenty of highways to help you travel all over the state. The interstate transportation system in Arizona is one of the best in America.
Three main interstates run through Arizona, numbered 15, 10, and 8. Interstate 15 runs north to south along the western side of Arizona and takes you up to Las Vegas. While eight runs up the state’s eastern side and takes you to California. Interstate 10 runs north/south through the state and is the central hub for travel.
The major interstates in Arizona came into being when Arizona was a part of old Route 66. When I-10 was constructed, it became part of the National Historic Trail known as Route 66. However, this is important because businesses moved here from other states for faster transportation and neighboring countries like Mexico.
3. Right to Work State
Arizona has a right-to-work law, which means you can work in the state without being required to join any union or pay dues. Many companies are attracted to this because these laws keep employees from joining a union that they may not support.
When employees don’t have to pay union dues, the company saves money returned to the employees and their families in higher salaries and better benefits. However, there may be a downside to the right-to-work state law. Arizona is a right-to-work state, but some other states are not.
If workers move to a non-right to work state, they may lose their right to free speech and union protection. With collective bargaining gone, companies will have more say in employees’ wages. However, this could negatively impact the economy as well as employee rights.
4. Great Housing Options
Housing is another reason that businesses are moving to Arizona. With lower taxes, more money is available for families to invest in better housing. People want better homes that take less time to clean and maintain, so designers are coming up with new homes that are easier to maintain and more environmentally friendly.
In fact, new homes for sale in Buckeye, a fast-growing city near
At the same time, they enjoy the sunshine and fresh air. Besides housing, the cost of living in Arizona is much lower than the national average. With less income going towards housing, you can spend more on other things for your family. In fact, the cost of living in Arizona is below the national average by about $11,000.
5. The Talent Pool is Vast in Arizona
Arizona has a rich talent pool with a large population, making it easier to find the right employees. There are plenty of young people who are new to the state and are eager to put their skills and experience to good use.
For businesses, this means they don’t have to go through a lengthy hiring process with many candidates for each position. For example, companies in other states must pay higher wages for qualified applicants because many people are in line ahead of them.
The competition for workers is fierce. Employees in those states don’t want to move because of the cost of living and expensive housing. These factors affect retention rates and present a challenge to businesses. To sum it up, Arizona has plenty of reasons businesses move here. There are many opportunities available here that you can’t find in other states. With many things to see and do, Arizona is a growing state where people can live while building successful careers.
6. Predictable Weather Conditions
Arizona is a sun-drenched state that enjoys consistent weather conditions. Rain is rare, and snowfall is minimal. The average temperature in Phoenix, the capital of Arizona, is around 70 F (21 C), and the average temperature in Tucson, the state’s second-largest city, is 80 F (29 C). With these weather conditions, businesses do not need to worry about unpredictable weather factors affecting businesses in other states.
Many industries are affected by both heat and cold. In addition, these industries must factor in extra spending to schedule operations. For example, a construction company must consider the weather when setting up scaffolding and air conditioners when it is hot outside. Arizona businesses do not have to worry about such expenses.
7. Easy to Get Around
Arizona is one of the most accessible states to get around in because it is one of only a few states that use the Interstate Highway System design. The Interstate Highway System is a network of roads and highways built by the US federal government for transportation purposes. The interstate system helps ease traffic problems and congestion for Arizona businesses.
Also, there is an extensive network of roads that connects most cities. For example, Interstate 10 connects Phoenix to Tucson, while Interstate 40 links Phoenix to Flagstaff through the mountains and the Navajo Reservation. Arizona businesses can easily travel around their state by using these interstates.
The interstate transportation system in Arizona is one of the best in America. The interstate transportation system in Arizona is one of the best in America. Three main interstates run through Arizona, numbered 15, 10, and 8.
8. Arizona is becoming a Hub
Many businesses have opened in Arizona because it is becoming a hub for travel. The major interstates in Arizona came into being when Arizona was a part of old Route 66. When I-10 was constructed, it became part of the National Historic Trail known as Route 66. However, this is important because businesses moved here from other states for faster transportation and neighboring countries like Mexico.
Conclusion
Arizona is rich in business opportunities in many different fields. Arizona businesses have access to a rich talent pool and excellent schools and universities to find people with the skills they are looking for. In addition, a robust transportation system makes it easier for business owners to get around and deliver their products and services more efficiently. Arizona is becoming a hub for businesses because of its high quality of life and accessible transportation system.
