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More Arizona startups taking root

Starting a business and building it to profitability is never easy, especially in Arizona, where venture capital is often in short supply.

But in recent years, startups have begun to get more help as recognition grows that they provide jobs as well as tax revenues. A more homegrown economy can have greater stability than one overly reliant on jobs created by out-of-state companies.

The seeds of growth include more investments in local companies, a $3 million pool of state-sponsored grants and the growth of business incubators and accelerators across metro Phoenix.

by Betty Beard

Full Story: http://www.azcentral.com/business/articles/2012/03/10/20120310arizona-startups-taking-root.html

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