Phoenix cracks top 10 for best cities to start a business, according to Inc.

Posted at 8:35 AM, Dec 16, 2019
and last updated 2019-12-16 10:35:22-05

Phoenix rose two spots this year to break into the top 10 among the 50 best cities to start a business in 2020, according to Inc. magazine.

Phoenix ranked ninth on the list overall, with low costs and low regulations cited as the reason.

Phoenix also ranked second in the U.S. for business creation, seventh for population growth and ninth for job creation, beating last year's rankings in all those metrics.

Fast-growing cities, a talent pool drawn from Arizona State University and a two-hour direct flight from San Francisco were listed as reasons that "help this desert flower blossom," according to Inc. magazine.

Read more from Phoenix Business Journal.