Two Arizona cities named in the top 10 best untapped cities for startups in 2020

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PHOENIX- Both Chandler, Arizona and Scottsdale, Arizona were named in the top 10 best untapped cities for startups in 2020.

In a new report by Fundera, they ranked Chandler, Arizona eighth and Scottsdale, Arizona 10th.

Fundera compiled information on 50 mid-sized cities with populations under 500,000. They assessed each city based on “labor pool, average labor cost, office space cost, average cost of living, and proximity to a larger startup ecosystem.”

“Scottsdale has a highly educated population, with 56.8% of residents having at least a bachelor’s degree. The city also has a well-deserved reputation for attracting affluent residents. With a median income of $88,071 and an average living wage, you’ll need to be prepared to hire fewer people for your startup and pay them more.”

“Chandler has a less well-educated population, with 43.8% of the population having a bachelor’s degree or higher. However, Chandler has cheaper office space ($18.21 per square foot per year) and less furious rental price growth than Scottsdale.”

Fundera.com

Among the finding, Gilbert, Arizona was ranked 23rd, and Glendale, Arizona in 28th.

Copyright 2019 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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