Business

PHOENIX RANKS AMONG TOP 10 ON INC.’S 2020 SURGE CITY LIST

Phoenix has made it into the top The Inc. market analysis for Phoenix “The city’s pioneering spirit is visible indicators. Phoenix scored well in areas 10 on Inc.’s 2020 Surge City list. included a quote from Startup AZ today in the way our legacy companies like early-stage funding and ranked Phoenix climbed two slots into Foundation co-founder Brandon Clarke. are helping new businesses form and second for job creation. These strengths the top 10 on the Inc. 2020 Surge Cities grow.” helped boost the city into the top tier list which was released December 12, “Geography doesn’t have a monopoly for Inc.’s 2020 list. Startup Genome moving up to number 9 on the 2020 list on great ideas or people”, said Clarke. In determining the list of 50, Inc. part- developed its scoring system based on from 11 in 2019. “We see a lot of serial entrepreneurs ner, Startup Genome, looked at publicly three traits that determine a surge city: here by choice. They’re at their third or available data to assess seven essential growth, opportunity, and innovation. The prestigious ranking for the 50 best fourth-time at-bat.” Citing other Phoecities for startups ranked the city second nix assets, Inc., noted the city’s accessiin the nation for net business creation bility to other markets via Phoenix Sky and ninth for job creation. Inc. credited Harbor International Airport. Arizona’s startup-friendly business environment and the robust talent pool Phoenix and the metro area have confrom area universities. sistently ranked as strong contenders In the two years that Inc. magazine manufacturing. BBC News recently has ranked its Surge Cities, Phoe- featured Phoenix, citing its nationnix has been among the top markets topping hiring in the financial services for startups, entrepreneurs, and tech market. companies, said Mayor Kate Gallego. for startups, technology companies and “The city has been a strong supporter of “Companies looking at the market are startups across industry sectors. We are consistently impressed with the Phoeproud that this robust partnership with nix startup ecosystem,” said Christine incubators, accelerators, and the startup Mackay, director of Phoenix Comecosystem is nationally recognized.” munity and Economic Development.

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