At the Arizona Small Business Association, we’re proud to represent so many innovative and resilient small businesses that continue to contribute so much to the Arizona economy. To support the small business recovery efforts underway, we have partnered with leading economist Jim Rounds, president of Rounds Consulting Group, to provide perspective and recommendations for policies that will be beneficial in the recovery efforts for small businesses in 2021.
Rounds Consulting Group’s report illustrates the significant role small businesses play in the state’s overall business ecosystem, and underscores how critical small businesses are in the context of large business attraction and expansion. While those large-company announcements are often the headline, small businesses are the story. Small businesses truly are the backbone of the Arizona economy, and provide the supplier base for many large businesses while employing 58% of Arizona’s private-sector workforce.
The data in the report and resulting recommendations as a result of the study will provide new insight as policymakers and other leaders make decisions to help small businesses recover and flourish. ASBA will continue to be the go-to resource for insight on small business challenges, data and policy impacts as we seek to ensure future growth and prosperity for Arizona’s diverse and dynamic small business community.
To learn more about the economic impact of small businesses, please visit www.asba.com.
Katie Prendergast is senior vice president of public affairs at Arizona Small Business Association
Rounds Consulting Group has more than 30 years of experience advising both public- and private-sector entities on matters of economic and policy development. To learn more about RCG, please visit www.roundsconsulting.com.
