Utah is the 13th Best State for Business 2014

Previous State: North Dakota Next State: Wisconsin

No. 13 Utah

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 3.8
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): 0.9

Unemployment

  • Unemployment Rate Dec. 2013 %: 4.1
  • Comparison with Nat’l Rate (6.70%): -2.6

Domestic Migration

  • Domestic Net Migration 2013: 5,567
  • Rank: 13

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 2,939
  • State & Local Gov’t Employees per 10k Residents: 494.9

State-Local Tax Burden

  • Rate (%): 9.3%
  • Compared to Nat’l Avg. (9.9%): -0.58%
Key Companies
  • Overstock.com Inc.
  • Zions Bancorporation
  • Huntsman Corp.
  • Autoliv
  • Nu Skin
Development Trend Indicator: Neutral
Keeps knocking the lights out as it grows professional-services trade.


Based on CEO Survey by ChiefExecutive.net

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

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