There are many ways to measure the success of a small business, but one of the biggest indicators of success is other people wanting to invest in your idea. Arizona ranks 19th on The American Investment Council’s list for private equity investments in 2016, according to the Phoenix Business Journal. The study used public sources and research from PitchBook to determine the rankings.
“Private equity may not be known to people in the district, but to be ranked in the top twenty means there’s a strong investment climate in the Phoenix area,” said James Maloney, vice president of public affairs for the American Investment Council, according to the Phoenix Business Journal.
Maloney said that one the primary reasons for such investment was a focus in the state on long-term growth and strong operations.
The survey also looked at the types of businesses that were attracting the most investment, and according to the Phoenix Business Journal, 36 percent of private equity investment went into information technology companies.
This strong investment climate is a positive sign for Arizona businesses, said James Goulka, managing director for Arizona Tech investors. According to Goulka, the success and growth of businesses in the area will attract more qualified workers, further establishing the area as a business leader.