Skyler Snider

Monday, April 23, 2018

Photo series: Entrepreneurs in their element

The 2017 Kauffman Index of Growth Entrepreneurship report found that young companies create an average of 3 million new jobs every year and have been responsible for almost all new net job creation in the United States over the past 40 years. And although such areas as Silicon Valley, New York City and Boston are generally regarded as entrepreneurial hubs for their high rate of venture investment, other cities across the country are showing significant entrepreneurial growth – and Phoenix is one of them.

According to a 2018 study conducted by Fit Small Business , the Phoenix area is one of the top 15 most entrepreneurial areas in the United States, producing 380 new business owners out of 100,000 adults each month.

Metro Phoenix made the list for its growth in the following categories: startup density; rate of new entrepreneurs; opportunity share of new entrepreneurs; venture capital; investment in the city; tax friendliness to small businesses; business as the primary source of income for local entrepreneurs; infrastructure and pollution; annual payroll number of firms with paid employees; and number of of nonemployer firms.

Below, our photo series highlights more than 20 metro Phoenix entrepreneurs – their triumphs and challenges, and why basing their businesses and careers in Phoenix helps them thrive.