A business-friendly environment, plentiful job opportunities and affordable cost of living have made Phoenix the fastest-growing city in the United States
Share to twitterPhoenix, America’s fastest-growing city for the third year in a row, covers 517 square miles in central Arizona.A business-friendly environment, plentiful job opportunities and affordable cost of living have pushed Phoenix to the top of the list of the fastest-growing cities in the United States. Newly released
The Great Recession was a wake-up call for Phoenix. Service-sector jobs in hospitality, retail and construction were hit particularly hard. The downturn accelerated the growth of a strong technology-based market in the last decade that has revitalized the metro area’s economy. For example, bioscience and healthcare are big fields here. The workforce in bioscience increased by over 100,000 people from 2007, a near doubling of the manpower.
has rated Phoenix as one of the top metro areas for startups and entrepreneurships for at least the last four years. Phoenix and its partners, the University of Arizona, Arizona State University and TGen, have invested $500 million into developing the Phoenix Biomedical Campus. in 2019 compared with 67 in 2012. Metro Phoenix also has benefited significantly from the growth in the financial services sector.In financial services, we’ve got American Express, including their technology center, Discover, USAA, Charles Schwab, Vanguard, Nationwide Financial, Allstate, Wells Fargo, Bank of America, Chase, PayPal, Paychex, Northern Trust Bank and Quicken Loans,” says Toll. “They all have huge offices, some with thousands of employees in each office.
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