{"id":175770,"date":"2023-06-05T08:43:50","date_gmt":"2023-06-05T15:43:50","guid":{"rendered":"https:\/\/inbusinessphx.com\/?p=175770"},"modified":"2023-06-05T08:43:50","modified_gmt":"2023-06-05T15:43:50","slug":"arizona-has-the-10th-best-state-economy-says-report","status":"publish","type":"post","link":"https:\/\/staging.inbusinessphx.com\/?p=175770","title":{"rendered":"Arizona Has the 10th Best State Economy, Says Report"},"content":{"rendered":"<p><a href=\"http:\/\/inbusinessphx.com\/wp-content\/uploads\/2023\/04\/City-of-Phoenix-designed-to-work.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-175066\" src=\"http:\/\/inbusinessphx.com\/wp-content\/uploads\/2023\/04\/City-of-Phoenix-designed-to-work-300x198.jpg\" alt=\"\" width=\"300\" height=\"198\" \/><\/a><\/p>\n<p>With California on track to overtake Germany as the world\u2019s fourth largest economy, the personal-finance website WalletHub released its report on <a href=\"https:\/\/wallethub.com\/edu\/states-with-the-best-economies\/21697\" target=\"_blank\" rel=\"noopener\">2023\u2019s Best &amp; Worst State Economies<\/a>, as well as expert commentary.<\/p>\n<p>In order to determine America\u2019s top economic performers, WalletHub compared the 50 states and the District of Columbia across 28 key indicators of economic performance and strength. The data set ranges from change in GDP to startup activity to the share of jobs in high-tech industries. Arizona has the 10th best state economy according to the report.<\/p>\n<p><strong>Economic Performance of Arizona (1=Best; 25=Avg.):<\/strong><\/p>\n<ul>\n<li><strong>15<sup>th<\/sup><\/strong> \u2013 Change in GDP<\/li>\n<li><strong>9<sup>th<\/sup><\/strong> \u2013 Startup Activity<\/li>\n<li><strong>17<sup>th<\/sup><\/strong> \u2013 % of Jobs in High-Tech Industries<\/li>\n<li><strong>26<sup>th<\/sup><\/strong> \u2013 Annual Median Household Income<\/li>\n<li><strong>12<sup>th<\/sup><\/strong> \u2013 Change in Nonfarm Payrolls<\/li>\n<li><strong>18<sup>th<\/sup><\/strong> \u2013 Government Surplus\/Deficit per Capita<\/li>\n<\/ul>\n<p>\u201cThe best economic environment for quality growth is one that is rich in workforce talent obtained by training, retaining, and attracting productive workers who have diverse and dynamic skill sets,&#8221; says Dennis L. Hoffman, Professor and Director of the L. Wm. Seidman Research Institute and the Office of the University Economist at Arizona State University when asked about the most effective ways for state and local officials to help their local economies. &#8220;Investments in education and amenities that attract and retain quality workers are important. Strong local economies also have efficient and affordable transportation and energy infrastructures that are dependable. Economic development professionals in strong local economies recognize the importance of attracting businesses in \u2018traded clusters\u2019 \u2013 entities that produce products and services for external markets. Local businesses will then naturally thrive in economies with strong, diverse, traded components.\u201d<\/p>\n<p>View the full report <a href=\"https:\/\/wallethub.com\/edu\/states-with-the-best-economies\/21697\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With California on track to overtake Germany as the world\u2019s fourth largest economy, the personal-finance website WalletHub released its report on 2023\u2019s Best &amp; Worst State Economies, as well as expert commentary. In order to determine America\u2019s top economic performers, WalletHub compared the 50 states and the District of Columbia across 28 key indicators of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":175066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[6],"tags":[3],"class_list":["post-175770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-trends","tag-top-stories"],"_links":{"self":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/175770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=175770"}],"version-history":[{"count":0,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/175770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=175770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=175770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=175770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}