COMMERCIALCafé ranked Phoenix as the eighth-best city for start-ups in the U.S. for populations above one million.
Phoenix was recognized for its talent affordability, cost of living and co-work cost.
Phoenix also saw the fifth-largest growth in number of Millennial residents among the country’s largest urban centers,” according to COMMERCIALCafé.
Phoenix followed right behind San Antonio in the ranking and beat Philadelphia and New York City.
One of Greater Phoenix’s successful start-up stories is Integrate Inc.
Founded in 2010, Integrate Inc. “combines technology, data, services and integrations to fuel the best demand marketing programs and drive revenue acceleration through unity,” according to its website.
The Scottsdale-based company has grown since its founding nine years ago.
Integrate acquired Akkroo, a platform that provides leads to sales teams, for $34 million earlier this year.
Another startup that found success in Phoenix is Kazzit Inc., which was founded in 2015.
Kazzit is an online comprehensive wine guide that features more than 10,000 wineries on its platform.
“As the first and only comprehensive worldwide winery guide, we unite winemakers, restaurateurs, collectors, educators, and consumers from across the globe,” according to Kazzit’s website.
Phoenix welcomes startups, especially those that are tech-related, with campuses like Galvanize.
“Galvanize is a dynamic learning community, bringing industry and education together on one campus,” said Diana Vowels, Galvanize general manager.
Galvanize is a learning community for technology that is both a school and coworking space.
The school has about 100 students and the coworking space caters to 120 companies, with about 450 employees across those companies.
“Phoenix has experienced tremendous growth in the past 10 years, and technology is leading the way, diversifying the economy and driving growth,” Vowels said. “I’ve seen firsthand the progress we’ve made, but it’s not enough. Galvanize is positioned to help Phoenix get to the next step, by providing resources, talent and innovation to help Phoenix complete on the global stage.”
COMMERCIALCafé, developed by Yardi Systems, is a commercial real estate blog that can be used as a resource by industry professionals.
It released a ranking for top U.S. startup cities for populations above one million, between 500,000 and one million, and below 500,000. The rankings can be found here.
This story was originally published at Chamber Business News.