Southern Arizona For Tech Companies

5 Reasons Why Southern Arizona is the Ideal Location For Your Tech Company

One of the defining characteristics of a successful business is being located in an area that encourages their company to thrive in and beyond their local market. However, choosing the ideal location for your business can be a difficult task to ensure all of your business needs are met. An ideal location should be affordable, provide access to talent and have a thriving local market with connectivity to other domestic and international markets. Reduce the risk when choosing the right location for your tech company: Southern Arizona provides the ideal location for your business.

Businesses prosper when they have room to expand their walls as well as their target markets. Businesses located in Tucson, Arizona have domestic and international opportunities for growth. Not only does Southern Arizona have a vibrant tech sector, but it is also in a prime location to access major world economies:  neighboring California, Texas, and Mexico are globally ranked as 8th, 12th, and 15th respectively. In addition, Tucson, Arizona is recognized as 1 of the 10 best cities for global trade – Tucson is a gateway to Southwest U.S. and Mexican markets with over 55 million consumers within a 2000km radius of the city.

Businesses should also seek out locations that host a talented workforce and an active market audience. As the 4th best city for millennials, Tucson, Arizona has a growing creative class with a robust innovation ecosystem, which also makes it the 5th best city in the US for entrepreneurial growth and success. Home of The University of Arizona, Tucson benefits from a steady supply of talented graduates and new inventions from the technology commercialization arm of the UA’s research enterprise.

Establishing your business in a market with a high demand for your product or service is a definite plus. Arizona has a strong innovation ecosystem and the state’s business climate provides significant support for tech businesses of all sizes.  Founded in 2003 and housed at the UA Tech Park, The Arizona Center for Innovation has incubated over 100 companies and is the longest standing tech incubator in the state of Arizona. Arizona has a robust entrepreneurial ecosystem and is home to at least 60 other incubation and collaboration workspaces.

The UA Tech Park has been ranked in the top 20 of the North American Research Parks and it is also the largest research park located along the U.S. – Mexico border.  The Park’s parent institution, the University of Arizona is ranked 20th among R&D expenditures among public universities. As a university research park, Tech Parks Arizona offers something unique to companies - connectivity to the people and resources of the University of Arizona. Academic research is critical to advancing industry:  new innovations and the capacity to impartially test, evaluate and demonstrate new technologies to investors and customers provide significant value to the industry.

Conclusion

 Each of these factors contributes to Arizona earning the #1 ranking for entrepreneurial activity in the nation. Eliminate unnecessary risk when determining where to locate your tech company. This list outlines only a few reasons why Arizona and the city of Tucson are the ideal locations for your business.