Chandler, Arizona is becoming a hub for small business growth and innovation.
Chandler, Arizona has topped the B2B Reviews rankings for small business growth, showcasing its vibrant entrepreneurial environment. With a remarkable population increase and a solid presence of employer firms, Chandler stands out in a thriving East Valley. A new Costco Business Center is set to further enhance its business-friendly landscape, providing essential resources for local entrepreneurs. This supportive infrastructure, combined with reasonable real estate costs, highlights Chandler’s commitment to fostering small business success.
If you’re looking for the best place in Arizona to start or grow a small business, look no further than Chandler! A recent study by B2B Reviews has placed this vibrant city at the top of the rankings for small business growth in the state. This news isn’t surprising to locals who have watched ***Chandler*** bloom into a hub of innovation and opportunity.
The ranking of Chandler was based on a variety of key factors that truly paint a picture of its thriving business environment. Some of the assessments included the city’s population size, commercial real estate rental prices, and the presence of employer firms. With a solid presence of employer firms at 5.05% and a remarkable population growth of 17.77% from 2020 to 2023, Chandler’s numbers certainly speak volumes.
The East Valley isn’t just sitting pretty; it’s bustling with business potential! Ten cities from this area made it to the top 35 in Arizona for small business growth. Cities like Peoria, Phoenix, Goodyear, Scottsdale, Queen Creek, Gilbert, Mesa, Avondale, and Bullhead City are all making waves, but Chandler is undeniably in the spotlight, shining a light on what a thriving business ecosystem can look like.
Although Chandler boasts impressive growth, Queen Creek leads Arizona as the fastest-growing city with a jaw-dropping 25.7% increase in population. In comparison, Phoenix has seen a steady 3.52% growth, but it holds a significant slice of the pie when it comes to employer firms—accounting for around 25.17% of all firms in the state. It’s fascinating to note that while Scottsdale plays a strong game with 10.3% of employer firms, it also faces challenges with high commercial real estate costs reaching $33.08 per square foot.
When it comes to real estate, Chandler manages to keep things reasonable, but some neighboring cities aren’t so fortunate. Take Lake Havasu, for instance, where commercial real estate rental costs are skyrocketing to $78 per square foot! With financing remaining a thorn in the side for many entrepreneurs due to those pesky high start-up costs, Chandler is certainly doing its part to attract businesses with a varied economic landscape and supportive infrastructure.
The city’s Chamber of Commerce is making strides too! They are advocating for better energy reliability, especially with a pending rate request from Southwest Gas. Ensuring affordable energy can significantly boost the ability of businesses to thrive and expand.
What’s more exciting? A brand new Costco Business Center is coming to Chandler, complete with a 15-pump gas station designed to cater specifically to small businesses. This facility, covering approximately 141,000 square feet, is set to provide everything from bulk supplies to business-specific items, just what local entrepreneurs have been waiting for! The Chandler City Council is already on board, having tentatively approved the zoning change for this development, marking yet another win for small businesses in the area.
Once everything is cleared and ready to go, it is estimated that the opening of the new Costco Business Center will take around nine months. This new establishment will also help reduce traffic in the area, providing a better experience for residents and businesses alike. And don’t forget, Chandler is just a stone’s throw from a traditional Costco Warehouse, making it a convenient spot for all things shopping.
With Chandler’s strong ranking, supportive community, and exciting developments ahead, it’s clear that this city is ready to welcome small businesses with open arms and a massive smile!
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