When you think of all the reasons why our Menlo Team of commercial real estate experts likes to do business in Phoenix, it may be hard to identify the most important. After all, Phoenix is a great place for so many things. For one, you can’t beat all the sunshine. Hot summers aside, there is nothing like a sunny and pleasant November day to keep your spirits up. It’s certainly a far cry from the perpetual rain or snow that overwhelms many parts of the country this time of year.
We also have to boast about the all of the great things to do here. Hiking, biking, golfing, swimming, playing tennis….gotta love it all. Oh, and we can’t forget the abundance of great museums, shopping, and dining available in the Valley of the Sun. Sorry, one more thing: Did we mention all the professional and collegiate sports teams to follow here? Yeah, there’s so much to love about the Phoenix Metropolitan area!
But when you consider why the Menlo Team decided to set up shop here in Phoenix, one major reason seems to stand out: Phoenix has an amazing climate for BUSINESS! No matter what kind of business you’re in, our area offers great opportunities for you.
For instance, Inc. Magazine recently named Phoenix one of the top 20 cities in the nation for start-up companies. With hundreds of resources for emerging technology companies and entrepreneurs here, as well as an abundance of higher education programs supporting entrepreneurship, Phoenix is ripe with opportunity. Here are a few statistics that support how great Phoenix is for start-ups:
- Nearly a dozen business incubators and accelerators call Greater Phoenix home.
- We rank third in the country for entrepreneurs per 1,000 people.
- At Arizona State University, there are approximately 11,000 students enrolled in entrepreneurship and there are more than 110 entrepreneur courses.
- We have generous business tax incentives and other economic development programs for start-ups
- Operational costs are approximately 40 percent lower here than they are in California
Phoenix also fosters an incredibly progressive corporate climate. As one of the country’s next big boomtowns, Phoenix is one of the fastest-growing regions in the country…thanks to a population that is expected to nearly double over the next 20 years. Supported by some of the best business schools and programs in the U.S. and one of the largest community college networks in the nation, we’ll always have a steady influx of top business talent to pool from. In fact, many of us on the Menlo Team have bachelors and advanced degrees from Arizona State University’s W.P. Carey School of Business. So, we know what we’re talking about.
There are so many other great reasons to choose Phoenix for your business: low business costs, minimal regulation, business tax credits, and economic development programs, to name a few. Add to that a relatively low cost of living and a great quality of life, and you’ve got one of the most dynamic metropolitan areas in North America. We should know. We started the Menlo Group back in 2008, and we’ve never looked back. That’s why the Menlo Team does business in Phoenix. We’d be happy to share more with you about why we believe the Valley of the Sun is a great place to work and live!