A Tucson Business Investment might just be one of the best long term business decisions you could make. Why? According to national statistics, the ROI on the typical small business sale is approximately 38%. Can you think of another investment vehicle, in this economic climate or any other, that offers such a high average return. Investing in a small business is one of the most attractive business investment opportunities available.
If fantastic weather and a great community and quality of life aren't enough to cause you to consider making a Tucson business investment, as opposed to an investment somewhere else, then here are a few more things to think about.
According to a recent study by the University of Arizona, Arizona is poised to move from being the 17th most populous state to the 5th most populous by the year 2036. By 2036, Arizona is expected to have a population of 14.6 million people, which will represent 3.6% of the nation’s total population in 2036 versus 2.0% today.
The Tucson region, which just reached the 1 million population mark in this decade, is expected to have a population base of 1.75 million by 2036. Phoenix, according to the UA forecast, will see its population top 10 million in 30 years. This rapid population growth raises many challenges and opportunities for both Tucson and Arizona. The UA economic report captures this important issue:
“During the next 30 years, Arizona will add another 8.5 million residents to the 6 million-plus who already call Arizona home. That will boost Arizona’s population to more than today’s Illinois, the fifth largest state. Arizona’s growth is multi-faceted and unique, comparable only to Florida and Nevada; all three are long-standing high-growth states. The challenge to plan for and accommodate the tremendous growth yet to come has never been greater. It is in this sense that Arizona likely will continue to be ‘overpopulated,’ and its economy and infrastructure ‘underdeveloped.’”
What does that mean? It means that there is a tremendous opportunity for business owners to position themselves to meet the demand of a population base whose growth will outstrip the infrastructure and service economy currently in place to meet its needs.
From a long-term perspective, making an investment in a Tucson business that fits your skills and lifestyle priorities, and meets your investment hurdle rates, might be one of the best decisions you've ever made. And the weather here is pretty nice all year round, too!
An excellent resources for Tucson regional economic information is Tucson Regional Economic Opportunities (TREO). We would like to acknowledge that some of the information contained on this page is excerpted from the TREO Regional Economic Blueprint.