Published
09-29-2018
In 2017, business growth in the Tucson MSA accelerated to 0.5 percent. This ranked Tucson 10th among peer western MSAs. Despite Tucson’s low ranking this was a considerable improvement over the substantial decline during the Great Recession and the previous year, as illustrated in the fuel gauge. Business growth reflects the change in the total number of establishments. Regions with strong business growth may generate correspondingly strong gains in jobs and income that contribute to an increased standard of living for local residents.
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