PHOENIX — Purchases of local phone numbers suggest that Arizona is among the five top states for small business growth since the 2008 downturn, according to a recent study.
CallFire, a Santa Monica, Calif.-based communication services company, said Arizona ranked alongside New Jersey, California, Washington and Nevada.
The study looked at the purchase of small business phone numbers from September 2008 through December 2012 in each state except Hawaii and Alaska. Toll-free numbers were excluded.
The five states faring the worst, according to CallFire: North Dakota, West Virginia, South Dakota, Iowa and Mississippi.
“It is not a surprise that Arizona would be on this list because it is consistent with the recovery in Arizona,” said Lee McPheters, director of the JPMorgan Chase Economic Outlook Center at Arizona State University’s W.P. Carey School of Business.
“The state is growing faster than the nation and is growing faster than most other states,” he said.
In addition to the recovery of existing business, McPheters said businesses relocating here and new residents starting businesses are contributing to the recovery.
“We’ve got the added boost of people moving to the state, and lots of people are moving to the state looking to start a business because it’s a very entrepreneurial state,” he said.
Rick Murray, CEO of the Arizona Small Business Association, said the economy forced people to start businesses.
“People couldn’t find jobs anywhere else, so basically they have to create their own jobs,” Murray said.
At the same time, Murray said, a lot of business are being lost.
According to the Small Business Administration, the number of small businesses closing in Arizona was higher than those that opened between 2008 and 2010. During the second quarter of 2011, however, those that opened outpaced those that were closing for the first time since 2008.
“It’s a slow recovery,” Murray said, “I don’t think there is anything that we can stand up and say, ‘Hooray for it.'”
But Murray said a slow recovery is better than a fast recovery because it is easier to sustain the growth.
Farrell Quinlan, Arizona state director for the National Federation of Independent Business, said that there’s a long way to go and much government should do to promote small business growth. He noted that policies and regulations, including the Affordable Care Act, are making it difficult for owners to invest in small businesses.
“Arizona is doing relatively well in that depressed national economy, but I think we could be doing a lot better,” he said.
- Telecommuting: 5 tips to make it work for employers and employees
- See how top CFOs feel about economic growth in the Valley
- Migraine myths that keep patients from effective treatments
- Here’s why Gaydos went tankless with his water heater
- 12 things to watch before the Oscars
- Bocce ball and basketball: How you can help Arizona's Special Olympics athletes
- Tips on building the best wine room in Arizona
- Avoid the nightmare: 6 tips to choose a great contractor
- Breast cancer: Improved testing and treatments means more survivors
- Best and worst of Super Bowl commercials
- Failed back surgery: New hope for patients living in pain
- Ticking time bombs: Telltale signs your water heater is about to explode
- Reading glasses could be a thing of the past
- 6 cool ways teachers are using technology in the classroom
- Emerging tech jobs in Phoenix and how to get one in 2017
- 4 top treatments athletes use for pain
- Emergency! What to do when bathrooms flood
- Operation Santa Claus needs holiday help
- This college bowl season is likely to be epic
- Arizona kids in crisis: How you can help
- 11 holiday classics for the ultimate movie marathon
- New treatment offers hope for migraine sufferers
- 11 stadiums to watch your favorite football team
- Shopping for a TV? Best models for 2016
- The new beer pairing guide for holiday foods
- Avoid this holiday plumbing disaster in your home
- 7 tips to avoid holiday weight gain
- New treatments mean better prostate cancer survival rates
- 5 of the scariest things found in drains
- 6 tips to create the best family movie night