Low costs and low regulations help this desert flower blossom.
- Ranked nine out of 50 overall
- No. 2 in net business creation
- No. 7 in population growth
- No. 9 in job creation
Like a lot of the places on this year’s list, Phoenix is benefitting from the sky-high cost of living and running a business in pricier locales like New York City and San Francisco. Between 2017 and 2018, Sun City added more than 25,000 new residents to become the fastest-growing city in America, according to recent U.S. Census data. Phoenix is also second in the country for business creation, in part because of new startup-friendly laws and a talent pool drawn from nearby Arizona State University.