Home » 2014 Best & Worst States » Utah is the 12th Best State for Business 2013

Utah is the 12th Best State for Business 2013

Previous State: Louisiana Next State: Colorado No. 12Utah Taxations & Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  % Growth ’10-’11: 2.0 % Growth ’10-’11 v. Nat’l Avg. (1.5%): 0.5 Unemployment Unemployment Rate Dec. 2012 %: 5.4 Comparison with Nat’l Rate (7.80%): -2.4 Domestic Migration Domestic Net Migration …

Previous State: Louisiana Next State: Colorado

No. 12Utah

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 2.0
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): 0.5

Unemployment

  • Unemployment Rate Dec. 2012 %: 5.4
  • Comparison with Nat’l Rate (7.80%): -2.4

Domestic Migration

  • Domestic Net Migration ’10-’11: -826
  • Rank: 27

State Government

  • Debt per Capita Fiscal Year ’10 ($): 2,356
  • State & Local Gov’t Employees per 10k Residents: 494.9

State-Local Tax Burden

  • Rate (%): 9.4
  • Compared to Nat’l Avg. (9.9%): -0.49
Key Companies
  • Overstock.com Inc.
  • Zions Bancorporation
  • Huntsman Corp.
  • Autoliv
  • Nu Skin
Development Trend Indicator: Sideways
Consolidating pro-business rep with more cuts in taxes and regulations.
CEO Comments
“Utah has young easy to work with workforce”

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

Previous State: #11 Louisiana Next State: #13 Colorado

About JP Donlon

JP Donlon is the Editor-in-Chief of Chief Executive magazine.