PHOENIX — Greater Phoenix earned six spots in the top 25 of a new ranking of the best large U.S. cities to start a business.
WalletHub produced the list, which was released Monday, by analyzing 100 cities on three key factors: business environment, access to resources and business costs.
Scottsdale was Arizona’s top city, checking in at No. 14, but it had plenty of company from its Valley neighbors.
No. 17 Chandler, No. 18 Glendale, No. 20 Mesa, No. 21 Phoenix and No. 24 Gilbert all were in the top quarter of the rankings. Tucson rounded out the Arizona representation at No. 50.
Scottsdale earned its spot by ranking fifth in access to resources, 12th in business environment and 78th in business costs.
Phoenix ranked 25th in business environment, 40th in business costs and 52nd in access to resources.
Tucson was one of the top U.S. cities in business costs, ranking 10th in that category. However, it was the worst of the Arizona cities when it came to access to resources, ranking 81st nationally.
Florida makes strong showing in list of best places to start a business
Four of the five best cities to start a business are located in Florida, with Orlando taking the top spot, Tampa at No. 2, Jacksonville at No. 4 and Miami at No. 5.
No. 3 Austin, Texas, was the only non-Florida city in the top five.
Washington, D.C., was at the bottom of the list.
Scottsdale tends to finish high in WalletHub rankings. So far this year, it was rated as the eighth happiest city in the U.S. and third best city for credit scores.
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