NewsBusiness

Actions

Phoenix among US cities adding the most million-dollar businesses

phoenix-10.jpg
Posted at 7:51 AM, Sep 17, 2019
and last updated 2019-09-17 10:51:21-04

Phoenix is seeing its share of million-dollar companies grow, according to a recent report from LendingTree.

From 2014 to 2016, the Valley saw its percentage of companies with revenue of at least $1 million climb 6.2%.

That represents the addition of 1,211 businesses with revenue in seven figures, according to the LendingTree analysis.

Austin took the No. 1 spot, adding million-dollar businesses at a clip of 15.1 percent (1,857 businesses), followed by Jacksonville, Florida (963 businesses) and Riverside, California (2,359 businesses), which were tied at 14.8%.

Read more from the Phoenix Business Journal.