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Phoenix ranked among top 5 cities for small businesses

PHOENIX -- Phoenix has been named one of America's top five cities for small business opportunities, according to the National Federation of Independent Business.

With a population of 1.5 million people, the organization said Phoenix is a young, big city, which gives it a major advantage over other cities because it can attract small business and entrepreneurs.

"The majority of people starting small businesses and prospering here were born somewhere else," NFIB State Director Farrell Quinlan says. "That kind of ‘new blood' and vitality means opportunities in Phoenix aren't encumbered by an ‘old boys network.'"

Some of the elements that attract small businesses to Phoenix is the rebounding economy, the favorable climate and the entrepreneurial culture.

Number one in the list is Casper, Wyo. for its oil and gas industries, followed by Jackson, Miss, Las Vegas, Nev. and Orlando, Fla.

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