{"id":20764,"date":"2021-04-14T02:08:36","date_gmt":"2021-04-14T02:08:36","guid":{"rendered":"https:\/\/boostsuite.com\/?page_id=20764"},"modified":"2023-07-02T22:05:53","modified_gmt":"2023-07-02T22:05:53","slug":"arizona","status":"publish","type":"page","link":"https:\/\/boostsuite.com\/small-business-statistics\/arizona\/","title":{"rendered":"15 Fascinating Arizona Small Business Statistics"},"content":{"rendered":"\n<p>Arizona is the 6th largest and 14th most populous state in the US, and with a gross state product of around $321 billion, the Grand Canyon state has a larger economy than countries like Ireland and New Zealand.<\/p>\n\n\n\n<p>The state has been one of the fastest-growing states in the nation. Its low tax rates and limited regulations, along with sunny weather and low cost of living, have made it a draw for businesses, particularly small businesses (SMB).<\/p>\n\n\n\n<p>Micro-enterprises, or small businesses, make up a large percentage of businesses in Arizona. They are crucial to the continuous growth of the state\u2019s GDP.<\/p>\n\n\n\n<p>Here are some fascinating statistics about small businesses in Arizona:<\/p>\n\n\n\n<ul>\n<li>There are 592,485 SMBs, an incredible 99.4% of all Arizona businesses.<\/li>\n<\/ul>\n\n\n\n<ul start=\"2\">\n<li>Micro-enterprises employ a total of 1.1 million people\u2014that\u2019s 43.5% of all employees in the state.<\/li>\n<\/ul>\n\n\n\n<ul start=\"3\">\n<li>There are 122,590 self-employed minorities, comprising 1.68% of the general Arizona population.<\/li>\n<\/ul>\n\n\n\n<ul start=\"4\">\n<li>The major disadvantages of making a real success of a small business in Arizona are the difficulties of accessing start-up and growth capital and the state\u2019s low personal income per capita.<\/li>\n<\/ul>\n\n\n\n<ul start=\"5\">\n<li>The tax burden on Arizona's small businesses is generally manageable. The state sales tax is capped at 5.96%, the corporate income tax rate is 6.9%, and the personal income tax rate is between 2.59% and 4.5%.<\/li>\n<\/ul>\n\n\n\n<ul start=\"6\">\n<li>If an SMB sells physical goods to Arizona residents, the business owner needs to apply for a transaction privilege tax which is another irritating, minor barrier to entry.<\/li>\n<\/ul>\n\n\n\n<ul start=\"7\">\n<li>Arizona\u2019s micro-retailers rank second nationally for foot traffic.<\/li>\n<\/ul>\n\n\n\n<ul start=\"8\">\n<li>SMBs generated 27% of Arizona\u2019s $21 billion in total exports. Most of these exports include storage units, furniture, potato chips, peanut butter, and nail polish.<\/li>\n<\/ul>\n\n\n\n<ul start=\"9\">\n<li>Self-employed individuals running their own incorporated businesses have an average median income of $51,000.<\/li>\n<\/ul>\n\n\n\n<ul start=\"10\">\n<li>The health care and social assistance sectors have the lion\u2019s share of SMB employment, with a total of 167,165 employees.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul start=\"11\">\n<li>Arizona state law requires that every new <a href=\"https:\/\/boostsuite.com\/how-to-start-an-llc\/arizona\/\" data-type=\"page\" data-id=\"21028\">Arizona LLC<\/a> designates an <a class=\"rank-math-link\" href=\"https:\/\/boostsuite.com\/best-registered-agent\/best-registered-agent-arizona\/\">Arizona registered agent<\/a> that will be available during regular business hours at a physical address within the state\u2019s borders.<\/li>\n<\/ul>\n\n\n\n<ul start=\"13\">\n<li>Small firms in mining, quarrying, and oil and gas extraction have a pretty low number of SMB employment, with only 1,594 employees and comprising only 1,254 small businesses.&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul start=\"14\">\n<li>Not surprisingly, there are 84,588 SMBs engaged in the professional, technical, and scientific services sectors. These are by far the largest industries in Arizona.<\/li>\n<\/ul>\n\n\n\n<ul start=\"15\">\n<li>SMBs created 44,301 new jobs in 2019. Firms with fewer than 20 employees account for 25,320 of these new jobs.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Sources<\/h2>\n\n\n\n<ul>\n<li><a href=\"https:\/\/advocacy.sba.gov\/2020\/05\/20\/2020-small-business-profiles-for-the-states-and-territories\/\" target=\"_blank\" rel=\"noopener\">US Small Business Administration &#8211; small business profiles<\/a><\/li>\n\n\n\n<li><a class=\"rank-math-link\" href=\"https:\/\/www.businessnewsdaily.com\/9131-doing-business-in-arizona.html\" rel=\"nofollow noopener\" target=\"_blank\">Business Daily News<\/a><\/li>\n\n\n\n<li><a class=\"rank-math-link\" href=\"https:\/\/mapazdashboard.arizona.edu\/article\/small-business-big-impact-how-arizona-entrepreneurs-are-coping-coronavirus\" target=\"_blank\" rel=\"noopener\">Making Action Possible<\/a><\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-stackable-columns stk-block-columns stk-block stk-89cebd4 stk-block-background\" data-block-id=\"89cebd4\"><style>.stk-89cebd4{max-width:2000px !important;padding-top:43px !important;padding-right:43px !important;padding-bottom:43px !important;padding-left:43px !important;margin-top:154px !important}<\/style><div class=\"stk-row stk-inner-blocks stk-block-content stk-content-align stk-89cebd4-column\">\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-61c0bb6\" data-v=\"4\" data-block-id=\"61c0bb6\"><style>.stk-61c0bb6{max-width:2000px !important}<\/style><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-61c0bb6-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-61c0bb6-inner-blocks\">\n<h2 class=\"wp-block-heading has-text-align-center\" style=\"font-size:18px\">Small Business Statistics by State<\/h2>\n\n\n\n<div class=\"wp-block-stackable-columns stk-block-columns stk-block stk-3e7b296\" data-block-id=\"3e7b296\"><style>.stk-3e7b296{max-width:2000px !important;margin-right:auto !important;margin-left:auto !important}.stk-3e7b296-column{justify-content:flex-start !important}<\/style><div class=\"stk-row stk-inner-blocks stk-block-content stk-content-align stk-3e7b296-column stk--flex\">\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-69fabd6\" data-v=\"4\" data-block-id=\"69fabd6\"><style>@media screen and (min-width:768px){.stk-69fabd6{flex:1 1 20% !important}}<\/style><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-69fabd6-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-69fabd6-inner-blocks\">\n<p style=\"font-size:12px\"><meta charset=\"utf-8\"><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/alabama\/\" data-type=\"page\" data-id=\"20804\">Alabama Statistics<\/a><br><meta charset=\"utf-8\"><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/alaska\/\" data-type=\"page\" data-id=\"20800\">Alaska<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/arizona\/\" data-type=\"page\" data-id=\"20764\">Arizona<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/arkansas\/\" data-type=\"page\" data-id=\"20910\">Arkansas<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/california\/\" data-type=\"page\" data-id=\"20707\">California<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/colorado\/\" data-type=\"page\" data-id=\"20770\">Colorado<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/connecticut\/\" data-type=\"page\" data-id=\"20905\">Connecticut<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/delaware\/\" data-type=\"page\" data-id=\"20752\">Delaware<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/florida\/\" data-type=\"page\" data-id=\"20715\">Florida<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/georgia\/\" data-type=\"page\" data-id=\"20756\">Georgia<meta charset=\"utf-8\"> Statistics<\/a><\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-b4262f4\" data-v=\"4\" data-block-id=\"b4262f4\"><style>@media screen and (min-width:768px){.stk-b4262f4{flex:1 1 20% !important}}<\/style><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-b4262f4-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-b4262f4-inner-blocks\">\n<p style=\"font-size:12px\"><meta charset=\"utf-8\"><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/hawaii\/\" data-type=\"page\" data-id=\"20903\">Hawaii<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/idaho\/\" data-type=\"page\" data-id=\"20891\">Idaho<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/illinois\/\" data-type=\"page\" data-id=\"20759\">Illinois<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/indiana\/\" data-type=\"page\" data-id=\"20893\">Indiana<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/iowa\/\" data-type=\"page\" data-id=\"20899\">Iowa<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/kansas\/\" data-type=\"page\" data-id=\"20896\">Kansas<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/kentucky\/\" data-type=\"page\" data-id=\"20887\">Kentucky<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/louisiana\/\" data-type=\"page\" data-id=\"20859\">Louisiana<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/maine\/\" data-type=\"page\" data-id=\"20877\">Maine<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/maryland\/\" data-type=\"page\" data-id=\"20871\">Maryland<meta charset=\"utf-8\"> Statistics<\/a><\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-155bad6\" data-v=\"4\" data-block-id=\"155bad6\"><style>@media screen and (min-width:768px){.stk-155bad6{flex:1 1 20% !important}}<\/style><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-155bad6-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-155bad6-inner-blocks\">\n<p style=\"font-size:12px\"><meta charset=\"utf-8\"><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/massachusetts\/\" data-type=\"page\" data-id=\"20883\">Massachusetts<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/michigan\/\" data-type=\"page\" data-id=\"20790\">Michigan<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/minnesota\/\" data-type=\"page\" data-id=\"20879\">Minnesota<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/mississippi\/\" data-type=\"page\" data-id=\"20932\">Mississippi<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/missouri\/\" data-type=\"page\" data-id=\"20935\">Missouri<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/montana\/\" data-type=\"page\" data-id=\"20939\">Montana<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/nebraska\/\" data-type=\"page\" data-id=\"20930\">Nebraska<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/nevada\/\" data-type=\"page\" data-id=\"20796\">Nevada<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/new-hampshire\/\" data-type=\"page\" data-id=\"20949\">New Hampshire<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/new-jersey\/\" data-type=\"page\" data-id=\"20794\">New Jersey<meta charset=\"utf-8\"> Statistics<\/a><\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-9ad3b7b\" data-v=\"4\" data-block-id=\"9ad3b7b\"><style>@media screen and (min-width:768px){.stk-9ad3b7b{flex:1 1 -1% !important}}<\/style><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-9ad3b7b-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-9ad3b7b-inner-blocks\">\n<p style=\"font-size:12px\"><meta charset=\"utf-8\"><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/new-mexico\/\" data-type=\"page\" data-id=\"20951\">New Mexico<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/new-york\/\" data-type=\"page\" data-id=\"20725\">New York<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/north-carolina\/\" data-type=\"page\" data-id=\"20779\">North Carolina<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/north-dakota\/\" data-type=\"page\" data-id=\"20963\">North Dakota<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/ohio\/\" data-type=\"page\" data-id=\"21004\">Ohio<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/oklahoma\/\" data-type=\"page\" data-id=\"20956\">Oklahoma<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/oregon\/\" data-type=\"page\" data-id=\"20783\">Oregon<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/pennsylvania\/\" data-type=\"page\" data-id=\"20961\">Pennsylvania<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/rhode-island\/\" data-type=\"page\" data-id=\"20958\">Rhode Island<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/south-carolina\/\" data-type=\"page\" data-id=\"20983\">South Carolina<meta charset=\"utf-8\"> Statistics<\/a><\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-80e41da\" data-v=\"4\" data-block-id=\"80e41da\"><style>@media screen and (min-width:768px){.stk-80e41da{flex:var(--stk-flex-grow,1) 1 calc(41% - var(--stk-column-gap,0px) * 4 \/ 5 ) !important}}<\/style><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-80e41da-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-80e41da-inner-blocks\">\n<p style=\"font-size:12px\"><meta charset=\"utf-8\"><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/south-dakota\/\" data-type=\"page\" data-id=\"20985\">South Dakota<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/tennessee\/\" data-type=\"page\" data-id=\"20987\">Tennessee<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/texas\/\" data-type=\"page\" data-id=\"20718\">Texas<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/utah\/\" data-type=\"page\" data-id=\"20989\">Utah<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/vermont\/\" data-type=\"page\">Vermont<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/virginia\/\" data-type=\"page\" data-id=\"20777\">Virginia<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/washington\/\" data-type=\"page\" data-id=\"21006\">Washington<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/west-virginia\/\" data-type=\"page\" data-id=\"21015\">West Virginia<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/wisconsin\/\" data-type=\"page\" data-id=\"21008\">Wisconsin<meta charset=\"utf-8\"> Statistics<\/a><br><a href=\"https:\/\/boostsuite.com\/small-business-statistics\/wyoming\/\" data-type=\"page\" data-id=\"20788\">Wyoming<meta charset=\"utf-8\"> Statistics<\/a><\/p>\n<\/div><\/div><\/div>\n<\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Arizona is the 6th largest and 14th most populous state in the US, and with a gross state product of around $321 billion, the Grand &#8230; <a title=\"15 Fascinating Arizona Small Business Statistics\" class=\"read-more\" href=\"https:\/\/boostsuite.com\/small-business-statistics\/arizona\/\" aria-label=\"Read more about 15 Fascinating Arizona Small Business Statistics\">Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"parent":20703,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"post_excerpt_stackable_v2":"<p>Arizona is the 6th largest and 14th most populous state in the US, and with a gross state product of around $321 billion, the Grand Canyon state has a larger economy than countries like Ireland and New Zealand. The state has been one of the fastest-growing states in the nation. Its low tax rates and limited regulations, along with sunny weather and low cost of living, have made it a draw for businesses, particularly small businesses (SMB). Micro-enterprises, or small businesses, make up a large percentage of businesses in Arizona. They are crucial to the continuous growth of the state\u2019s&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Aaron Kra","url":"https:\/\/boostsuite.com\/author\/aaron\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/boostsuite.com\/wp-json\/wp\/v2\/pages\/20764"}],"collection":[{"href":"https:\/\/boostsuite.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/boostsuite.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/boostsuite.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/boostsuite.com\/wp-json\/wp\/v2\/comments?post=20764"}],"version-history":[{"count":6,"href":"https:\/\/boostsuite.com\/wp-json\/wp\/v2\/pages\/20764\/revisions"}],"predecessor-version":[{"id":27500,"href":"https:\/\/boostsuite.com\/wp-json\/wp\/v2\/pages\/20764\/revisions\/27500"}],"up":[{"embeddable":true,"href":"https:\/\/boostsuite.com\/wp-json\/wp\/v2\/pages\/20703"}],"wp:attachment":[{"href":"https:\/\/boostsuite.com\/wp-json\/wp\/v2\/media?parent=20764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}